Looking to buy a used car? If so, you have a decision to make. Do you want to buy a used vehicle from a dealership or a car being sold by the owner? Used cars for sale by owner sound nice, but they do have their pros and cons. What are they?
The Costs: Lets get one thing out of the way right now; you are going to notice three things. First, some sellers are asking what the Kelley Blue Book recommends. Second, some sellers are going to ask for less because they want to get rid of the car and now. Third, you are going to find some sellers who are asking for more than what the Kelley Blue Book recommends. Why? They either need to payoff the auto loan first or just see dollar signs in their eyes. Despite the possibility of a variance, most cars for sale by owner do present a good deal for the buyer.
Repairs Not Always Made: In a minute, you will notice that this same reason is also listed as a con to buying used cars for sale by owner. Why? Because it works both ways. A used car dealer is more likely to perform all repairs before placing the vehicle for sale. An owner? Not so much likely. The individuals who benefit from this (they have more power to negotiate a lower selling price) are those who are familiar with vehicles and those who can perform all repairs themselves, much cheaper.
No Over-the-Top Selling: Of course used cars for sale by owner sellers want to make a sale. The difference is their job rarely depends on you saying "yes." Although you are likely to get a sales pitch, you aren't going to be bombarded with one. Say no at a dealership and you will likely get "are you sure" or "well come look at this car instead." When dealing with a seller, you are likely to get "okay, well thanks; have a nice day."
Can Be Harder to Find: It is no secret that individuals (whether it be car owners or home owners) don't market their items for sale as good as a professional does. This means it might be harder to find used cars for sale by owner. With that said, here are a few suggestions. Check classified websites, for sale by owner websites, your local newspaper's auto section, and be on the lookout for cars with for sale signs by the side of the road.
Repairs Not Always Made: When a dealer sells a used car, they know that making a few simple upgrades and repairs can increase the value of that vehicle. That is why these repairs and upgrades are often made. This often means no or less hassle for you. There is no need to get a repair cost estimate, add the estimate to the overall price of the car, and so forth. You should have a nice vehicle that is road-ready.