Pros and Cons to Buying a Car from a Private Seller

When you purchase a vehicle from a private seller, you do sacrifice the option to pay through financing and you may miss out on the full inspection before you buy it. You may not get a car that has been cleaned both inside and out, it may not have brand new tires or a full tank of gas, and other things.
However, this does not mean that you are not still getting a good deal on it.

privatesellerWith a private seller, you may be able to haggle a little over the price. Most private sellers are in a hurry to get rid of the car that they have. Perhaps they want to upgrade and need to sell to get the cash for it or they may have two or three cars and one is just no longer necessary. They will want it out of their yard and chances are good, they will rather make the amount of money that you have to offer instead of it gaining nothing in their yard. This may not always be the case and they may already have offers on the table that meet or exceed their asking price, but either way, you do have a good chance of getting a car for less. The private seller most likely owned the car for a few years.

With any luck at all, they have been the only owner of it. They know the history of it and they know how well they have maintained it. If they are truly organized, they may have proof on hand of parts that they have replaced, records regarding the times that it was serviced, and more. This can give you a clearer idea of whether they are asking a fair price or if you may get a piece of junk. You will have the option to look over the vehicle without pressure from someone and if you are a good judge of character you may gain an understanding of whether the car has been cared for or not. If the person selling it is an older person or a family man, you can figure that they used it for errands and trips. If the person you are buying from is a young teenager, you can kind of figure that they have driven the vehicle pretty hard at times. At a dealership, you do not gain this little bit of insight into the cars past.

For anyone who decides to purchase from a private seller, it is important that you study up on the right questions to ask and  little on what to look for when buying a used vehicle. Make sure that you listen to the car run and take a look under the hood while it is running. Listen out for rattles and ask questions about it. If you are not very knowledgeable about auto mechanics, it may be helpful to take along a friend who can point out an oil leak or other potential issues. The key is, you should be thorough when looking it over. Otherwise, you do take the risk of being misled by the owner.

What You Need to Know When Buying a Car from a Dealer

car-dealerAnyone who has ever searched for a dream car knows that there are probably benefits to searching for a private seller rather than a dealership. However, there are just as many people who feel that when you are in the market for a car, the dealership is the best place to go for it. Which one is really best depends on what you are after, but there are pros and cons to each. If you are still on the fence about where you need to start your search, take a look at the pros and cons of car dealerships vs. private sellers.

The Dealership Deals

One of the biggest reasons a person may go to a dealership is because dealerships generally offer an easy financing plan and most private sellers tend to want cash up front. If you are tight on finances or need a vehicle in a hurry, but do not have a thousand or two laying around, a financing option is preferable. Dealers also offer a better warranty than those private sellers. They often thoroughly inspect the vehicles that come onto their lot and perform oil changes, tire changes, and clean it out before they make it a vehicle that you can purchase. The downside to all of this is that you will most likely pay more on the total price of the vehicle, not only the listed price being higher, but if you finance it, there will be extra costs and interest included.

The biggest reasons many people choose to steer clear of a dealer is because when you walk onto the lot, you will be greeted by someone who wants to sell you a car. They may pressure you into it, they may try to make you fall in love with a ride that is not within your price range, and some dealers have been known to sell cars that are lemons. The reason they try so hard is because they make money if they can put you into a vehicle. The higher the price of it, the more they stand to make off of closing the deal.

Therefore, every person on that car lot is waiting for you to show up. In the event you purchase a lemon, you are protected to some extent by lemon laws, but that does not always work out to be in your best interest, especially if the dealer can show that it may have happened after you bought the car. It also doesn’t protect you if the warranty runs out two days before the vehicle breaks down.

If you do decide to venture onto a car lot, make sure that you know what you are looking for before you go, and then stick to your ideas. If you are looking for a $2,000.00 car, tell that to the sales person and tell them that you are not interested in going over that amount. If they try to show you a car that is even slightly more expensive, tell them that is not an affordable option. Ask them what else they may have within your price range. If they tell you that they have nothing, tell them you will be back at a later time to try again, unless you find a dealer that has an option that suits your budget better. You should also ask for a report on whether it has ever been involved in an accident and get the biggest warranty that you possibly can. All of these things will let the car dealer know that you are not willing to be jerked around. It shows them that you are not willing to play the game and if you decide to spend more, it will be by your choice and after careful consideration, not because they pushed you into it.