Used Cars for Sale by Owner

Buying a used car for sale by owner is much different than buying from a dealership. Used cars for sale by owner generally have the lowest prices and are a more tranquil business deal. You do not have to face a dealer which may be an advantage to some by eliminating all pressure and stress.

The internet has an abundant supply of information that you can gather before purchasing a used car from a private party. Asking friends or family about any used cars for sale is also an avenue to explore. Watch for sale signs on vehicles and check bulletin boards at local establishments for awesome deals. The newspaper, especially on the weekends, should also be utilized.

After you find a vehicle of interest, you should contact the seller and ask to-the-point questions such as mileage, past mechanical problems, and if there is a salvageable title. Confirm the asking price in the advertisement and set a specific time to view the car and take a test drive. While driving the vehicle, make sure you accurately access the performance and condition. Lastly, get the car inspected by your mechanic and the VIN number so that you can get a report and assure yourself that the car is clean.

Unlike used cars for sale at a dealership for sale by owner vehicles are not covered by the Used Car Rule and are not generally covered by any implied warranties. A private party purchase is usually on a “as is” basis unless specific terms are outlined in the purchase agreement.

Before purchasing a used car for sale by owner ask to review the warranty or service contract if there is an existing one. Check to make sure that the warranty is transferable and that there are not added costs that will be applied to you. Certain states do not demand that private party sellers ensure that their vehicle pass state inspections before putting it up for sale. Check your Attorney General’s office to confirm requirements for you state. However, if you and the seller have a written contract, the seller must meet and keep all stated promises.

Consumer Comments

"I was very impressed with how hard everyone worked on my behalf and the short amount of time it took to get me financed. Thanks."
C. Osborne, Woodhaven

"We were treated with respect even though we have credit problems… this means a great deal to us."
R. Omans, Ithaca

"After getting my truck on Monday, I told my ex about the guys and the dealership. She purchased her 2003 Buick the very next day. Way to go! It was a very good experience. Yours in God!"
M. Gilson, Bay City

Frequently Asked Questions

How much can I borrow?
The amount you can borrow is based on a number of factors; previous credit history, time on the job, time at the residence, and your monthly income to name a few. A good rule of thumb is that the lender will normally limit your maximum payment to 20% of your monthly pre-tax income.