Buying a used car can be scary — especially if you worry about being scammed. There's nothing worse than seeing a car you like online, checking it out in person and making the purchase — only to realize the previous owner 'forgot' to mention some serious mechanical issues. Pretty discouraging to say the least. I have only ever purchased used cars, so I've learned a thing or two about getting the right bang for your buck and lucky for you, I'm going to share it!
Finally, after negotiating a price, it's time to close the deal! Before you negotiate, make sure the car is priced fairly (you can find out it's worth on a vehicle valuation website). After a price is set, you should never pay a private seller with cash. If something goes wrong and there's no paper trail, it may be tough to get your money back. Along with the car, the previous owner should provide the title, a dated receipt for the sale signed by you and the seller and a spare key if available. Also make sure to research the rules in your state regarding how the seller should transfer the title for the vehicle to you. Call your insurance agent prior to taking possession of the car for information on the process to insure the new vehicle.
If you are closing the deal at a dealership, it’s a similar process unless you are paying with a car loan or trading in your old car. Also, ask about getting an extended warranty for the vehicle at a fair price. This is usually negotiated separately from the car purchase.
From everyone here at Foremost – good luck and happy shopping!Tweet
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