July 4, 2008, Newsletter Issue #50: Buying a Used Car from an Owner: What Not to Do

Tip of the Week

An auto for sale by owner is often a great deal. You can improve your chances of a great used car buying experience by following these tips.

Don’t Buy Without a Vehicle History Report

No matter what the private seller says, it is up to you to do some research. A vehicle history report will tell you if: The car has been flooded – even if it looks and drives perfectly now, you may be in for some very hefty repair bills later. The car has been in a major accident – again you could just be buying a big headache.Don’t Buy Without Having the Car Inspected by a Qualified Mechanic

Private used car sellers usually offer the car as is. After the sale, any problems that may come up are usually all yours. Let a mechanic find any problems before you buy so you can make the most informed decision.Don’t Let Your Heart Rule Your Head

The old saying, haste makes waste applies to used car sales, too. You don’t have to buy the car the minute you see it. Take a moment to think if this is really the best choice. What are the downsides of this decision? How will you feel about this decision a year from now?

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Linda Handiak