Many people believe they can get a better deal on second-hand cars if they choose to purchase from a private seller. However, that isn’t always the case. As you will learn throughout the course of this article, there are many disadvantages to going for this strategy too. While you might find models at lower prices, you will also have to deal with the fact that they might have significant issues. Therefore, it is entirely possible for you to waste your money and get a bad deal.
We’ll do our best to highlight the plus side too. Sometimes buying from a private seller can work in your favour. It could mean you don’t have to spend as much, and you don’t have to take hours out of your day to fill in lots of paperwork. With that in mind, let’s get down to business…
The pros of buying from a private seller:
As we just mentioned, the main advantage to buying from the private market relates to price. Second-hand dealerships have to make a profit on the models they sell, and so they are inevitably a little more expensive. Private sellers will have had a lot of usage out of their cars, and so they will be happy to sell for less money.
Ease of purchase
All you have to do to purchase from a private seller is turn up, take the car for a test drive and put in your offer. Once the offer has been accepted, you can simply shake hands, exchange details and drive away. The previous owner will need to send the log book away to be altered so that it contains your details, but that is about it.
Unless you visit a huge second-hand dealership, you’re going to find far more selection on the private market. That is because people all selling their cars all the time, and so almost every model you can think of is available for sale somewhere in the country.
The cons of buying from a private seller:
No going back
After striking a deal with a private seller and driving the car away, there is no going back. You won’t receive a warranty, and you will have to deal with any issues that arise on your own. Many second-hand dealers like those associated with the Pentagon Group offer a little more cover.
High risk of problems
Unless you are a trained mechanic, you’ll have to make your decision on whether to purchased based on the seller’s spiel. Of course, no private seller is going to highlight issues with their vehicle when trying to make a few quid. That is why you should always take cars for a test drive. If you hear strange noises or see smoke coming from the engine, it will be a good idea to walk away.
Having read through all the pros and cons listed on this page, you should be in the best position to make a rational decision about the best place to buy your next car. We hope you have enjoyed your time with us today, and we look forward to publishing more useful articles of this nature in the future.