When buying a used car from a private party there are a few things you should know. While you can often get a better deal from a private seller, especially one who is in a hurry to sell, you don't get the security that comes from buying from a large reputable dealer group. It is important to do your research and give the car a very detailed examination. Here are a few tips to keep in mind:
- Search - When searching for a car online make sure the site that you are using allows you to sort results by dealer and private party cars. Autotrader.com is a good place to start. when you get back home. These reports provide alot of information about the vehicle history and can bring potential problems to your attention. The reports are fairly inexpensive and will provide you with peace of mind.
- Make an Offer - If you are satisfied, make an offer on the car and negotiate the best deal that you can. If you have cash in hand it will help speed things along. It is always a good idea to have a used car contract that you both sign, you can get templates of these contracts on the Internet. It will give you some legal recourse if the car turns out to be a lemon. You should get a bill of sale as well.
Buying a used car from a private party can be a harrowing experience, but if you keep these tips in mind you should be able to find the car of your dreams at a reasonable price.
