How to Buy a Used Car from a Private Seller

Posted by Jill Martin on August 2nd, 2017

Financial sense says buy used car to save money and avoid unmanageable debt. You can save hundreds of thousands of dollars. In addition to this, you end up with great auto deal, because you get a much better vehicle at discounted price. Auto financers help you with private party auto loans bad credit to buy from private party auto seller.

CarLoanNoCredit is an online service provider helping potential car buyers contact specialized lenders. If you are worried about financing a car, put in your bad credit auto loan private party request for a quick response. We assure all applicants a high degree of success. You can meet your present target requirements without fear of future financial problems. CarLoannocredit matches application and connects potential car buyers with auto finance companies, lenders, dealers or service providers. Customers get a hassle free car buying experience despite having bad credit. Our simple and quick 1-minute online application form is the gateway to successful private party auto loans. 

How to Proceed

Buying a car with auto loan bad credit private party may not always be hunky dory. There are no guarantees either. You can take care with following tips.

1. Make Sure it’s Really a Private Sale

Used-car sales give rise their ‘gotcha’ or ‘curbstoning’ activities. These are small time dealers buying cars at auctions and passing them off as private party auto seller deals. If you are taking a car directly from seller, don’t buy from strangers! After you’ve seen it, call up and say, “I’m calling about the car.” If the seller says, “Which car?” you are speaking with a dealer.

2. Do Your Homework before the Purchase

It’s critical to have reliable inspection before you gamble away your private party car loans. Check for leaks, water damage, water line on engine, brand new floor carpeting may hide rust under seats. Body damage is often disguised with paint that mismatches. Take a totally silent test drive. Listen for unusual sounds. Drive on rough roads too. Spend $ 100 on a mechanic for a full inspection for any hidden problems. If they are acceptable, use them for negotiations instead of ignoring them. Always insist on Carfax report using the car’s VIN number.

3. Negotiate & Protect Yourself

Surprisingly taking a bank check instead of cash with you is better. Apart from financial risk of theft, misplacement etc. you can stop payment if auto deal is not going according to your wishes. A check also gives negotiations power. Some sellers may want to check if it is genuine with bank first. Use blue book values for negotiations. However, disagreements aside, it’s better to drive away a good, safe and reliable personal vehicle rather than save 50-100 bucks.

No title. No private party car loans Deal. Outstanding loans on a car indicate unclear title. A state-issued car title proves ownership. Sellers must sign title on back indicating a sale with precise, not rounded, odometer reading. You have to fill out a bill of sale and release of liability documents with local DMV.

4. The Sale May Be Over, but Your Deal Isn’t Done

You’ll have to ‘Retitle’ vehicle with a bit more paper work with your local DMV. You have to register it, pay taxes such as sales tax, which many car buyers do not realize. Sales tax is considerable and a negative hit on great private party auto deals. Discounted prices can help save some on sales tax but not much.