When Buying Used Car From a Private Seller .pdf
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When it comes to buying and selling cars, there are different ways to invest in them, and
tips on how to get the best deals. Car dealerships are strictly regulated. Generally,
dealers are not going to sell buyers with stolen vehicles. Surely, they will not even try to
harm or threaten you. Granted that they did, then they would be held liable. Also, they
will ensure that you get all the required documents.
But what happens if you choose not to transact with a dealer? Let's say you find your
dream car through family and friends, or in an online site. Sure you can, that is why we
provide the best private-car buying tips below. These are:
Know the fair market value of the car you are interested in by using online
valuation to get an idea of a ballpark price. Doing that enables you to weigh if the
asking price of the private property is reasonable enough, or if you can still
attempt to negotiate.
Run a cheap VIN check report on the internet especially if the automobile is fairly
new. See to it that nobody is a lienholder on the vehicle. Moreover, inspect the
Motor Vehicle title, which should be available from the seller.
Check the car registration if it is updated. Verify if the name on the registration is
the name of the seller. Ask for the pink slip (or blue) and also check if the name
on the slip is the name of the seller. If anything is unclear to you, all you have to
do is ask questions and be careful as you proceed.
Have a mechanic inspect the vehicle to identify any problem areas, and to check
if its wear and tear is in line with the mileage. You can ask for the service records
of the car, specifically for any major job.
It is also advisable to obtain a VinAudit vehicle history report to know if the car
has gotten a major repair or has been in any sort of accident. Although a vehicle
history report is generally accurate, even so, check if there are any differences in
the paint color of the car
If the vehicle was manufactured over the past 3 years, get in touch with the car
dealership to find out if the warranty continues to be in effect.
The Documents You Need
You need the title that should be signed over to you by the present owner. Essentially,
the vehicle history report, the service records, the owner’s manual, and whatever else
that is connected to the vehicle. Then, you need a bill of sale indicating the plate
number, mileage VIN, sale amount, and the names and addresses of both seller and
buyer. You also need the title, or paperless title transfer, which in this case, requires the
seller to go with you to the AAA or DMV company to register.
Ultimately, it is better not to be ignorant when buying a used car from a private party.
People (the sellers) would like to believe that they looked after their car well. Whether or
not they actually did, it can be difficult for them to remember that it has been years since
they took the vehicle for a repair or maintenance without service records to prove it.