Go to Kelly Blue Book, www.KBB.com. Here, you can find out the fair market value of the vehicle sold by a private party. ( The fair market when sold by privately is always less than the retail value!) Also check out the loan value of that vehicle. This is usually less than private party or retail value. Next. go to Carfax.com. Do a record check of the vehicle.This will give you a lot of information about the vehicle. I think it costs about $25. This a small price to pay compared to what it could end up costing you if you buy a care with a lot of problems! If you are in the market for a used car, it wouldn't be a bad idea to get unlimited searches on vehicles. It is a little more expensive than one search, but if your looking at a lot of cars, it will end up being cheaper in the long run. When making an offer on a used vehicle, always offer less than you are willing pay for it. This called 'haggling'. If they won't make a deal for a price you are willing or want to pay, walk away! They will probably call you back and go lower on the price if you show interest and they think you want the car. Also, telling someone that other people are interested is a common scare tactic to push someone to pay a higher price. Be willing to walk away. Also, a lot of people think that their car is worth more if it is good condition. Kelly Blue takes factors like this into account when figuring the value of the car. You'll see this if you go to the website. Hope this helps!
It is usually less expensive to buy a used car from a private party. You can't get financing from a private party, and dealerships usually offer warranties so a dealership might be a good idea for someone like you.
Carfax
You will pay the tax when you register the vehicle in your name.
There are a number of websites where one can find car buying tips. These include How Stuff Works, KBB and Consumer Reports. Another site where tips can be found is the AA website.
There are many tips for buying a used car. Some tips for buying a used car include always shop around, ask to test drive cars if possible, and don't settle for something you truly don't like just because it's cheap.
While buying a used car from a private party might take less time and be less expensive, buying a used car from a dealer provides a guarantee. The guarantee alone makes shopping at a dealer a better choice.
One can find tips for buying a new car from friends and family, and even from the car sales companies themselves. Another source is New Cars for Dummies.
Some tips for buying a used car from a dealer would be to find the right car for your needs, to save money by buying second-tier vehicles, and figure out how much you are willing to spend and keep at that budget limit.
No ... there is no sales tax on private person to person sales on used cars. Buying from a dealer may be a different story.
Some Questions should be asked when buying a Used Car from a private seller like : How many miles are on the odometer? Why are you selling the car? How would you describe your used car's condition? Who was this vehicle bought from? Where was this car bought? What kind of oil do you use in the car? What are you willing to sell the car for? How long of a test drive can i take? Are you willing to let me get this inspected independently? What's the last used car you sold?
If you are looking into buying a used car, there are some tips that you should follow. Some tips include viewing a full service history and research your seller (eBay will provide a feedback section). Failing that take an expert who will give the car the once over.
Many websites provide information on car loans for first time buyers. Such sites include Car Buying Tips, Ezine Articles, Bankrate, Autos, Insider Car Buying Tips, and eHow.