How Do You Negotiate A Price And Buy A Used Car?
Don’t offer too little to start out, but don’t take the seller’s first offer either. Remember: You get what you pay for. Check the Kelley Blue Book value for the model and year of the car and compare it with the asking price. The Blue Book is a catalog of car values, available at most libraries, banks and online (see Resources). Make a fair offer that fits your budget. Avoid a figure that greatly undervalues the car. If the offer is not accepted, ask for a counteroffer. If it is too high, point out any problems you noticed about the car. Make a second offer. This should be the counteroffer minus the cost of fixing any problems with the car. Continue until you reach an agreement or a stalemate. Pay with a money order or a cashier’s check. Ask the seller to sign the title to transfer ownership to you. Federal law requires the seller to provide you with two documents: the title certificate of the vehicle and an odometer statement showing the car’s mileage. Certain states may require smog
