Is it Really Cheaper to Buy Used Cars Through a Private Sale?
In an effort to save money, many people avoid buying used cars from dealers and opt to shop private sales instead. At times, this could save thousands of dollars, but are you really getting the same quality product? Just because the asking price is lower, it doesn’t necessarily mean it is the better deal. Used Cars Purchased Privately When you choose to purchase a used car through a classified ad, poster, or any other method used by private sellers, you are buying that vehicle ‘as is.’ If you purchase it only to have it fall apart in the driveway as soon as you bring it home, it’s your loss. Purchasing a stolen vehicle is also a possibility. In this instance, you lose the car and have to recuperate your loses through the courts — if at all. In some cases, you might even be charged with possession of stolen property. Private sellers will rarely check for liens on their vehicles. If it does have a lien of some kind, you likely won’t find out about it until you go to register it, and wil