Vehicles For Sale By Owners - Do you want to buy a used car? If you want some flexibility to get a lot of great deals, or if you can't get the money, you can choose to look for cars for sale by owner on places like Craigslist or Ebay Motors or many others that are available. As an added bonus, when buying cars for sale privately, avoid the NEAR used car dealers.
But you've heard of people selling used cars that look great and quickly turn into a "lemon" as soon as they leave the lot... You want to avoid that at all costs. You also know that wherever money changes hands, there are many scam artists.
Vehicles For Sale By Owners
Although lemon laws are in place against defaming the sale of cars while ignoring performance standards and quality, these laws do not specifically apply to private sales, but to businesses. When it comes to cars for sale by owner, it's "like" and "buyer beware". It will cover you, the buyer, for any questions about the car.
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Despite the facts, inadequate laws, and honest people inadvertently selling cars that don't meet honest standards, there are ways to be safe in the event of buying a dud through legal means.
Many drive to sell used cars because it makes good financial sense. But it all starts with having as much knowledge as possible so you can avoid making an impulsive decision that will cost you in the long run.
Run a search for "used cars" and you will find many sites to choose from. Some of them are legit, so let's start there. When looking for a used car, start with these places:
AutoTrader.com has a huge database of used cars for sale, but most listings are submitted by dealers.
Used Cars For Sale: Search 2 Million Listings & 432,936 Deals
Cars.com typically lists about three million cars at any given time. Again, many descriptions were sent by businessmen and syndicated to many partners and newspapers.
EBay Motors Local Classifieds allows owners to post their used car ads on the site. Because the service is free to advertise and includes a limited Carfax report, it is very popular with owners selling cars.
Craigslist can be somewhat disorganized, but it's free, so many people post owner-sold car ads on the site.
Police Auctions and Manheim Auctions are two of America's auto auction options where you can find a good deal on a used car. But if you want to see the best car prices in your area, 1-800 Car Show, Edmunds Price Promise and TrueCar No-Haggle.
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By buying a used car from a private seller or US car auctions, you have the best chance of paying the lowest price, against the trade that makes a profit on the daily sale of cars. When you buy from a private seller, you forgo the luxury of exposure and financial benefits, but you'll enjoy other benefits, including:
Better price – If your budget is the main concern, then it is often better to buy from a private seller. You will save a good amount on "dealer fees" and "records", which are usually added at the last minute.
Time saving – When you buy a used car from a private seller, you are both on an equal footing. Perhaps you have bought many cars before, and a private seller, unlike an experienced dealer, has not sold too many. Like you, the private seller is trying as hard as possible to get the job done at a good price. It's the best bet for getting a lot, as a private seller is less likely to turn down a lower price for the car.
Although there are many advantages to buying a car from a private dealer, there will also be many disadvantages.
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Nobody has a big budget. When you buy from a private seller, you usually pay for the vehicle in cash in advance.
No dealer warranty. New used cars with low mileage can sometimes have existing warranties that can be transferred with the car, but in most cases private sellers cannot offer a warranty.
LEMON LAW PROTECTION – While each state has different requirements, lemon laws typically only protect buyers who purchase vehicles from dealers, not from private sellers.
Risk of repairs – Since the new owner bought the car privately, you bear full responsibility for any repairs. But you can reduce the risk by getting your vehicle properly inspected before you sign on the dotted line.
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For every legitimate online car dealer, two con manufacturers have been sold. (Well, guess the number, but the point...) Many people also have concerns about touching and feeling an item when buying online. If you're new to buying online (and even if you are!), you'll want to follow the tips below when buying a car for sale from a private seller on Craigslist or elsewhere online.
If you don't feel good about the way the seller acts, what they said, or the feel of the vehicle, don't be afraid to walk away. But if you like what you see, don't rush into it. Put together the information below about the cars for sale and take a day or two to make a decision.
Download our Cars for Sale By Owner Checklist to compare up to three used cars before you decide to buy. Use the tips below to find out what to look for when buying a used car:
When buying used cars from a private seller, you can determine the estimated value by using the calculator on your local DMV website. The state will tax the share of the SPV, the size of which varies between states.
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Although you can't deduct VAT on used cars for sale, you can get a VAT refund when you buy a new vehicle. Applying for gas tax is another way to get tax exemptions, along with some ways to save tax on donated cars…
Using a third-party escrow service is a good way to handle cars for sale (besides cash) if you never meet the seller. Money is protected from loss or fraud while in trust.
So you've worked through the process of finding cars for sale and you're now the proud owner of a new (your) vehicle. Buying a car out of state can be very complicated because you don't always have someone reliable to drive you home and you can't take time off work. The good news is that National Auto Transportation can help you. Contact us today to find out how we can bring your car to your home, or use our car calculator for a free, instant quote.
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Looking To Sell An Old Car? Here's How To Get Top Dollar For It
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