When buying anything of fundamental value it is always best to consider all possible angles before sealing the deal. This is especially true when buying used cars. Used cars being sold by their owners are subject to more questions since albeit cheaper, used cars are not certified and do not come with the same guarantees as those sold by car dealerships.
What to Consider When Buying Used Cars for Sale by Owners?
When buying used cars being sold by an owner, it is very important to remember that you are buying the car exactly as you see it, meaning whatever problems the car has, upon buying it, become your problems. Rarely does one sell his / her car without there is something wrong with it and they are buying a new one. Will you be even getting an honest answer when you ask the owner if the car needs extensive repairs or if the car has been giving the owner frequent problems entailing a huge amount of money in repairing and maintaining the vehicle. Still, there may still be a chance of acquiring a car which has been well maintained from owners who are simply looking for a newer vehicle.
Owners who sell their used cars name their prices based on car dealerships' prices on comparable vehicles despite sometimes, they may even ask for a higher price compared to copies being sold in car dealerships. Owners may demand for a higher price since they assure the customer that they really took proper care of the vehicle. However, you have to remember that very little chance of getting another car from the private owner exists, so, they really do not put much emphasis on customer satisfaction the same way car dealerships do.
Owners who sell their cars ever realize that selling their car 'as is' may be harder than they have first perceived it to be. Here, they end up adding more features or making the car even more appealing to choosy buyers. Improving the car would further result to added costs passed on to consumers.
Considering all these factors, it may be even more expensive to buy used cars from owners rather than getting them from respectable car dealers. The cost alone of refurbishing the vehicle may prove costly for the buyer.