When you're in the market for a used car, you may be able to get a better deal from a private seller than from a dealer. Private sellers are often hoping to sell their cars quickly and with as little hassle as possible, so they are often willing to deal. They may also be trying to unload a lemon, so you need to know how to check out a used car and deal with a private seller effectively.
Identify
Know the type of used car you would like to buy from a used seller, or at least know the specific makes and models that you are willing to consider. There are many sources for finding used cars being offered by private sellers, from online sites like Auto Trader and Craigslist to classified ads and printed publications. You will be overwhelmed unless you narrow down the ads to a few specific makes and models of interest. Identify cars in which you have interest and find several ads for those cars.
Contact
Contact the sellers who have used cars in which you are interested. Set up a specific time to come out and look at each car. If the seller placed a local ad but claims that the car is in another state, or even country, when you call him, beware because this may be a sign of a scam. Only deal with local sellers who will readily set up an appointment to let you see the car in person.
Research
Do some research on prices before you visit each seller to view the used cars. Websites like Kelley Blue Book will allow you to find the average wholesale, retail, and private party prices for virtually any used car. Prices vary based on the vehicles's condition, but this will give you a useful baseline for negotiations with a private seller.
Evaluate
Evaluate the used car thoroughly when you visit the private seller. Test drive it under a variety of conditions, and ask to see maintenance and repair records. If you like the car, ask the seller if she is willing to allow you to take it to a mechanic to be checked. Even though this will cost you some money, it will give you peace of mind that the car is in good mechanical condition or catch potential problems. If the private seller is not willing to let a mechanic look at the car, take that as a warning and do not buy it. If it passes the mechanical inspection, order a CARFAX report to check its owner and accident history,
Negotiate
Most private sellers who are selling used cars will leave some negotiating room in the price. If you are interested in the car, make an offer and let the seller know why you feel it is fair. Reference your research materials, the condition of the car, and anything else that backs up your offer. The seller may accept it or make a counter-offer. If you can't come to an agreement, thank the seller for his time and move on to the next car.
Paperwork
If a private seller makes any promises or guarantees to you, have her put them in writing and sign the document. Car sales between private parties are typically as-is unless there is a signed contract stating otherwise. No matter how convincing a seller's words might be, you will not be able to legally hold her to verbal promises.
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