Many people are still confused about what is the best way to buy a used car or when is the best time to buy a new car as there are a number of options. When it comes to buying a used car, people believe they should get it from a trusted shop or retailer while others believe getting it from a private seller is better. Both the options have their pros and cons. However, in this post, we will discuss what’s the best way to buy a used car, what steps should be followed when buying a used car from a private seller and what things should be avoided.
Pros and Cons of Buying a Used Car from a Private Seller
Whenever you are about to purchase a used car, think about the two options- either a retailer or a private seller. Private selling options became popular after people made websites where anyone can share the details of their cars they want to sell so that buyers can check them, their details, photos of the vehicles and other features. However, this method comes with some pros and cons.
Talking about the positive side, you may get a used car at a lower price and you don’t have to wait for the answer of the questions “when is the best time to buy a new car”. The cars from private sellers are often in good conditions so you may land a really good car. Furthermore, it’s easy to negotiate with the private sellers as they often are in a hurry to sell their vehicles. On the other side, a car from a private seller may be damaged or may have some faults you don’t know about. It may also be a stolen car or could have been used in illegal activities. There is a chance that you become a victim of fraud with the private seller. Lastly, you will have to work on papers and take care of everything when buying a used car from a private seller.
Steps to Buying a Used Car from a Private Seller
Meet the Owner at a Neutral Place
Always prefer a nearby and neutral place when you are going to purchase a car from a private seller. Don’t bring money with you. Rather, go back home after finalization and come with someone or two people to pay the amount.
Test Drive the Car
First thing first. The buyer should check the car with a test driver in order to assess its condition, performance and if the price matches its condition.
Get a Mechanic with You
Decide for a whole day when you will visit different private sellers to buy a car. Also, bring a mechanic with you so that he can check and inspect the car for any possible issues.
Research Car History
You need to make sure the car has not been used for any illegal activities. You may ask the seller to show documents, history of purchase from one person to the other, transfer papers and other necessary papers and documents for your satisfaction.
Negotiate on Price
When you are sure everything is fine with the car, you should negotiate with the seller. As told earlier, the sellers often reduce prices and you may get a cheaper car even in better conditions.