Know How to Buy Used Car From Private Owner
Purchasing cars nowadays have become a very common task. One can purchase cars and other vehicles even by sitting at home nowadays.
But people today have realized that buying a car from showrooms or recognized dealers’ costs more than buying a second–hand car. Yes, some people do have that feeling to buy a first–hand vehicle only but many and most people have realized that a second–hand vehicle bought with care is worth buying a new car straight from a showroom.
Unlike two-wheeler, a second-hand car or a four-wheeler needs more inspection before it is to be bought. This is because a car is a covered vehicle. A lot of its parts and compositions are hidden under its body. One must have very good knowledge about how to buy used car from a private owner before entering into a deal as because of such deals are not official and can’t be reversed easily.
Steps to purchase a car from a private owner
Purchasing a car from a private owner is a simple and an easy process if known properly. It avoids unnecessary dealer charges and service charges. It also avoids registration charges and processing. For those who do not know how to buy a used car from a private owner can go through the following steps:
- Step 1: Know the private owner
The first and foremost task of the buyer is to know the owner. It’s always safer if the owner is a friend of the buyer. But if not, the owner’s background must be studied well before thinking to buy his car. The owner must be an honest and just person. The buyer can enquire about the private owner from his friends, neighbours or his acquaintances. Things like whether the person is honest, whether he has bought the car justly, whether he is trying to cover any frauds, the reason why he wants to sell the car etc. such facts about the owner must be clarified before starting the deal.
- Step 2: Know the car to be bought
The obvious thing about a contract of buying and selling is knowing the product. Before one buys a car, he must know the details of the car. And before buying a second-hand car, the person must know every detail of the car. The details might be the details about the model of the car, the year of manufacturing, the year of purchase of the car, the pros and cons of the car, whether the car was bought first hand or second hand etc. One should always proceed after knowing well about the vehicle he desires to purchase.
- Step 3: Check the market value of the car
Private owners have no responsibility regarding the price at which they must sell the vehicle. If they desire, they can sell their vehicle either at a lower price incurring loss themselves or at a higher price by incurring profit on the vehicle. It all depends upon the buyer and the price at which he agrees to buy the vehicle. A person who knows how to buy a used car from a private owner will check the market value of the car. There are several apps available nowadays which on providing required details can show the current market price of the vehicle. To evaluate it, the buyer has the right to ask the seller details of the car which include current mileage and kilometers traveled.
- Step 4: Check out the documents of the car
A person who doesn’t know how to check the documents of the car he is buying doesn’t know how to buy a used car from a private owner. It is the most important task to be done before buying a second-hand car. One must properly go through all the documents of the car and make sure all documents are true and genuine. Along with checking the documents one must also make sure that the name in the documents match the person from whom the car is to be bought. He must make sure that the documents are all up to date and there are no issues regarding them.
- Step 5: Personally inspect the parts of the car
Another thing a person has to keep in mind before buying the car is to personally inspect the car. The person must visit the private owner and see and check the car by himself. He must thoroughly check various parts of the car to ensure that there is no part faulty or duplicate. Tires, brakes, glass, battery, seats, body condition etc. must be properly checked and inspected. It is very recommended to do such inspection during the day time as it’s always difficult to analyse things in the dark.
- Step 6: Inquire about the warranty of the car
It may so happen that the car which is to be bought is less than 5 years old. In such cases, a person who knows well how to buy a used car from a private owner will contact the manufacturer or dealer of the car from whom it was originally bought and enquire about its warranty. He can find out if the warranty of the car is still available or not and if not, he can get information about how the car lost its warranty. When one buys a second-hand car, it’s his duty to do complete research on the car and then only proceed with the deal.
- Step 7: Request for a test drive of the car
A smart car purchaser will ask for a test drive. What looks from outside may not be the same from inside. Even if a car is perfect with its body parts, it may not be that perfect when it is out on the road. One who knows how to buy a used car from a private owner will get a test drive of the car and check whether all the parts do work well then just looking well. This will show whether the buyer is contented or not by buying the car.
- Step 8: Finalize the deal
Now that everything is checked and verified, its time for the seller and buyer to negotiate the terms of purchase and price of purchase and buy the car. The price must be accepted by both the parties and based on the current market value, and the terms of the purchase must be and clear. How and when to pay the money is ultimately how to buy a used car from a private owner. A smart person will never pay early and then take the car. He will wait till he gets the car properly transferred in his name and when he gets the keys, it is then he pays the price of the car agreed.
Thus, by following these steps properly, one can buy a second-hand car without being defrauded and buying it to the extent of personal satisfaction. In this way, a car is purchased from a private owner.