Should you buy a car from a private individual instead of a dealer?
Buying a used car from a private seller is very different from buying a car from a dealer. Private sellers generally are not covered by the Federal Trade Commission's Used Car Rule and don't have to use the Used Car Buyers Guide. However, you can use the Guide's list of an auto's major systems as a shopping tool. You also can ask the seller if you can have a car inspection done by your mechanic.
Private sales usually are not covered by the implied warranties of state law. That means a private sale probably will be on an "as is" basis, unless your purchase agreement with the seller specifically states otherwise. If you have a written contract, the seller must live up to the promises stated in the contract. The car also may be covered by a manufacturer's warranty or a separately purchased service contract. However, warranties and service contracts may not be transferable, and other limits or costs may apply. Before you buy the car, ask to review its warranty or service contract.
Many states do not require individuals to ensure that their vehicles will pass state inspection or carry a minimum warranty before they offer them for sale. Ask your state Attorney General's office or local consumer protection agency about the requirements in your state.
The following tips are useful when buying a car:
- Do you homework on Carfax, KBB, eBay. Check prices. Getting a car from a dealer at Private Party price is often a good deal.
- Ask questions. Please note Carfax, Auto Check will not always show if a car has been in an accident - so have the vehicle checked out before you buy. Almost 100% of used cars sold by a dealership will have had paintwork done (and many new ones too)- so that may not always be a useful question to ask. Better to look or inspect. Do you see poorly done work? Check hidden areas for "ridges" to indicate paint that may not have been done well. (A note on extended warranties: buy cars that are at the end of their factory warranty.)
- There's an option where you can get great deals and it's still much safer than just buying from any private individual: repossessed car auctions (in particular, government car auctions). These are cars that have been repossessed by the bank or lien holder due to a lack of payment of the original auto loan, and then sold at public auctions so that the lien holder can make some of the money back. Even though you should always get a vehicle history report and inspect the car yourself, these are usually pretty safe environments, although they're attended by many professional dealers.
- Another way to get great deals (and safer than buying from a private seller) is hiring a professional negotiator. If you use a service (ex: Carsala), you can get private party prices from a dealership on a car that's been reconditioned, in good shape, clean title, etc.
If you purchase a car from a private dealer how will you get it home with out tags or even to get temp tags?
(in the US) So that the government can conduct a background check on you to determine if you are legally qualified to purchase a firearm. A private individual does not need a license of any sort to purchase a firearm from another private individual under federal regulations administered by BATF&E. State laws will vary, with some states requiring a permit to purchase a handgun. Only when a private individual purchases a firearm from a Federally…
Private. I suggest getting pre-approved at your bank / credit union, and see if the dealer can beat that rate, as some dealers will arrange financing with a local bank. Private party car loan you can say it in other words personal car loan or person to person car loan where individual can get car loan without cosigner help.
Yes and No. A dealer should not be able to sell a car without a catalytic converter. However, the dealer should assume that every car it purchases has a catalytic converter. Therefore, if the dealer was unaware, then the dealer has no liability in selling a car without a CAT. Ultimately, the liability lies in the individual whom removed the catalytic converter in the first place.
I live in Alabama and want to know if you have to pay sales tax on an automobile if you purchase the automobile from and individual seller as opposed to a dealer?
I am a private party that sold a car to an individual. After 3 days he returned the car because he said he couldn't afford the repairs. He stated he had 72 hours to change his mind. Is this correct?
No. It is only correct if it was a contract sale such a a car dealer to an individual. However, the dealer can charge restocking fees. Check state laws,, each state is different. It Is True With Most Items Purchased From Car Dealers, Ect. BUT IN A PRIVATE TRANSCATION: IT MAY NOT BE SO. CHECK WITH YOUR COUNTY ATTORNEY. This Will Give A Start Or The Correct Information. This Varies From State To State
== == If you are trying to find the number for a gun you no longer have you will have to go back to the dealer who sold it to you, if the dealer is still in business. Dealer records are the only place serial numbers are recorded. If the dealer is out of business, his records may have been sent to the BATF. Theoretically they store them, but I have never heard of anyone…
It is a State by State thing and method. Overwhelmingly most do have a tax on purchase of used car, whether from dealer or individual. The difference is how the tax is collected. From a dealer (who can normally also just charge tax on the amount of the sale above the value of a trade in, if any), they collect it (along with any other transfer fees, and may even include that in financing they…
Who knows he is a drug dealer? Only you and his clients or does he have a police record for this crime? Why is he threatening you? Do you owe him money for drugs? (Sorry, have to ask the question) How about you stay as far away from this individual as possible and if you owe him money just pay it and leave the drugs alone?
You will have to pay a sales tax from a dealer, just like from a private seller. But from a dealer you may be given credit as well as applicable sales tax credit, for any trade in. When bought from a private seller, that sales tax is collected by the MVD whenyou register the bike, instead of to the dealer who handles all the paper work with the MVD for you. You will have to…
Yes, as long as you are also a resident of Florida. Sorry, I should have also said this: You can buy a handgun from a private party if you don't live in Florida, but to be legal, the owner would have to ship the gun to a dealer in your state, and you would have to pick it up there. There will almost always be a charge for that.
The invoice price is the price the dealer pays the maker of the car. It's also the price the dealer will pay a percentage of interest on while the car is in their inventory. The invoice price the the most ideal price you can achieve while negotiating. As the dealer doesn't make anything on the sale. You should always talk up from the invoice instead of talking down from the retail/sticker price.
In the US, firearms sales are regulated by federal and state laws. There is no "license" required to purchase firearms under federal law. Sales between private individuals are not regulated by Federal law, so a person can purchase a firearm privately from another individual. HOWEVER, state laws vary and must be complied with, and some states require a permit to purchase a handgun whether from a private party or from a dealer. Sales of firerms…
The price will be higher. They take the blue book price and mark it up. If it was a lease return they will take the residual left on the car and add to it. Either way you will pay more for the car. The one advantage of dealer vs. private party is that if there is a problem with the car you can get it corrected/repaired while a private party is an "as is" deal…
After voluntarily returning an inoperable vehicle to the dealer and returning the tags to DMV doesn't the dealer have to let you know how they disposed of it and if they are demanding any more money?
If the dealer is whom you were paying the loan to, then yes. If a lender/bank held the note, then the lender/bank should be letting you know if the loan still has a defficiency balance that needs to be paid. Either way though, you should be notified of what was done--- Now you might make a phone call or two and find out now instead of later. Besides, if the loan was totally paid off…