Buy used car from an owner
Many people think that buying a used care from an owner is as simple as finding the car, paying the money, and leaving with the vehicle. But there are many other important factors to consider when you buy a used car from an owner. Besides protecting yourself from buying a lemon or getting caught by a scam, there are legal matters to consider depending on the local law where you live.
First, when you buy a used car from an owner, you should have a list of questions for the owner of the car. How many owners has the used car had? Has the used car ever been in a wreck? What work has been done on the used car? What work needs to be done on the used car? Has the car received regular maintenance? When was the last tune up? All of these questions should be asked and fully answered by the used car owner.
When you buy a used car from an owner or a dealer, it is a good idea to have a regular mechanic that can check out the car for you to make sure that there are no costly problems with the used car. Most mechanics will do this for regular customers for a small fee. If you do not have a regular mechanic, check your local yellow pages and call around for the best price, or go to a friend for a referral.
Once you are sure that you want to buy a used car from an owner, you need to negotiate the price. Typically, the price advertised for a used car is not the price that you have to pay. Owners automatically place a higher price on a used car than they are willing to take, in the anticipation that someone will try to talk them down. When the price has been agreed upon, it is time for the legal matters.
What paperwork you will need when you buy a used car from an owner depends on your locality. Every state requires that the owner has a clear title to the vehicle, and that the owner signs the title over to the buyer. The buyer must typically also sign the title, as an agreement that they have, indeed, purchased the vehicle for the stated price. Some states also require a notarized bill of sale stating the sale price, the vehicle information, and contact information for both the buyer and the seller, as well as their signatures and that of the notary. If you are unsure what documentation you need to complete when you buy a used car from an owner, check with your local Department of Motor Vehicles.
Buying a used car from an owner can be a fun, rewarding, and sound financial decision and experience. Buying a good used car from an owner can help you save money, save time and hassles, and avoid pushy salesmen. When you buy a used car from an owner, you are investing in your future. Make sure that you do everything necessary to ensure that you purchase is safe, convenient, and legal.
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