If you’re in the market for a private used car, one of the most important things to do is be very careful about how you make your purchase. Purchasing used cars in reno privately can be risky business, and it often comes with hidden costs that are not apparent at first glance.
Do Your Research
A common piece of advice from knowledgeable consumers is to do your research before making any decision, as it can lead to a better purchase. Researching a private car purchase includes looking at the vehicle’s history, asking plenty of questions of the seller, and having it checked out by a mechanic.
Get to Know the Vehicle
Once you have purchased the car, you should take it to be evaluated before setting out on your drive home. The documentation that you receive in purchasing your vehicle should include a vehicle service history and a guide on how to maintain your purchase.
Buy Car Insurance Beside the Driver
You may choose to provide your own insurance for any car that you purchase, but if you opt for the seller’s car insurance instead, take into consideration that all cars are registered in somebody’s name – most likely that of the owner. If you don’t let the owner know about your private car purchase, and you are involved in an accident whilst driving their vehicle, you could face legal consequences.
Record of Purchase
Be sure to record your private car purchase, from the test drive to the final sale. You should also be logged into the vehicle’s log book as a designated driver for all situations.
Remain Vigilant
Take extra precautions when you are dealing with a seller who is eager to sell their vehicle quickly and at any cost. If a seller has their car priced too low to be real, they are either in a bind financially or they don’t want you asking any questions about how they acquired it.
Be Careful of a Deal with a Hidden Fee
One of the most common charges that private buyers come across is the “transaction fee”. The transaction fee is what you want to avoid – it’s supposed to be used by the seller to cover their costs of selling the car. Unfortunately, it is not uncommon for this hidden cost to be added to your purchase without you being aware of it.
Know How to Inspect a Car
One of the best ways to ensure that you are making a good purchase is to physically inspect the car yourself. If you’re not prepared to do much lifting, use a mechanic or someone who is handy around vehicles.
Get an Independent Opinion
While you are inspecting your car, it’s important that you ask for an outside opinion as well. You can ask a mechanic, your spouse or a close friend to check the car out for you and give you an honest opinion.
