Money For Lunch – Learn Where to Buy Your Used Car from – Dealers or Private Sellers?

Learn Where to Buy Your Used Car from – Dealers or Private Sellers?

April 16, 2018 10:52 AM0 commentsViews: 13

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Are you ready to buy yourself a used car? Have you decided whether you will buy from a private seller or a registered car dealer? Do you really know the difference between the two? It is important to recognize what each seller can or cannot do for you.

We have got the information you need to learn the differences between the used car dealers and the private sellers. It is wise to also know the pros and cons of each so you can weigh out your options against each other and make the best decisions.

The dealership car sales

Generally, buying a used car from a dealer like the Vic Bailey Volkswagen takes a lot of pressure off from you as the buyer. This is because the dealer handles all the details of buying that car including all the paperwork.

The pros

  • Most dealerships offer financing options that are not available when using the private seller.
  • The dealer handles all the paperwork associated with the ownership transfer and your registration as well.
  • In most cases, dealerships offer warranties on their used cars.
  • Used cars from a dealer shop have been thoroughly inspected and repaired the small problems they may have had.
  • Most dealers stock certified pre-owned vehicles, which are a great deal for any buyer. The CPV vehicles have been through a thorough inspection which is official that comes with a warranty.
  • Dealers are many and you are able to find the right car within your area.
  • Dealers will allow you to trade in your used vehicle for another car’s down payment, which could help you get a better car at a low cost.
  • Dealers offer more legal protection when buying a used car because they have already checked the past history of the vehicle.

The cons

  • Sometimes the prices charged by the dealership are higher than those charged by the private sellers.
  • Professional sales people can really get pushy as they earn their commissions from the sales. These sales personnel may not have your best interests at heart and they may be doing so only to close a sale and earn their commission.
  • You might get distracted and derailed by dealership sales that are not always the best.

Private sellers

The pros

  • Many private sellers always use the blue book idea to determine their asking price.
  • You have more negotiating room with the private seller and therefore, you may be able to get a better price.
  • The private sellers are not as pushy as the salesmen in the dealer shops.

The cons

  • Private sellers are not bound by the same strict rules and federal laws as the dealerships and therefore won’t really have major details put in place; you will have to do that for yourself.
  • You won’t receive any warranty on the vehicle, meaning you are stuck with whatever problems that pop up.
  • There is no trade-in option. The only acceptable option is cash.
  • You will do a lot of footwork when looking for a car from a private seller because they are scattered around your state or across different states.
  • Having a trusted mechanic inspect the car can be very difficult because it depends on the seller’s time, not yours.
  • Both you and the seller are responsible for all the paperwork, which can be very exhausting.

 

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