Pitfalls of Buying Cars from Private Sellers Only

You may have to consider buying from private sellers or dealerships when you are shopping for a salvage car. Each option comes with its own strengths and weaknesses. Read on and discover some of the limitations that you will have to contend with if you decide to consider private sellers only.

TimeConsuming

The process of searching for a salvage car to buy from private sellers can be very time-consuming. This is because you will have to move to different locations in order to view each of the cars that are on offer. Those movements will also be very costly in terms of fuel for your car. Dealerships are better in this regard because they usually have multiple cars that a buyer can view and select the most appropriate.

Background Research Is Hard

You can research about the experience of previous salvage car buyers when you are planning to acquire a car from a given dealership. The reviews of those previous buyers can guide you when selecting the best dealership in the area. This background research can save you from having to deal with shady salesmen who may have little interest in helping you to get what you need. It is nearly impossible for you to conduct the same background research when you want to deal with a private seller. You stand a high chance of buying a car from someone whose reputation is unknown to you. Your hard-earned money may therefore end up being lost when you end up with a junk car that was sold to you as a salvage car.

Security Risks

Choosing to buy salvage cars from private sellers only can expose you to a number of security risks. For example, you will be going to view the cars where the private seller says the car is located. This can be at his or her home or in another location. There is no guarantee that you will be safe when you are with those sellers. Other security risks may arise from the different hazards on the road when you are making those numerous journeys to view the salvage cars on sale by private sellers. These risks include the risks associated with the likelihood of accidents while you drive through unfamiliar areas. Dealerships reduce the security risks that you may face because they are usually located in readily accessible places. Besides, many other car buyers are likely to be present at the dealership while you are there. Chances of any harm befalling you at a dealership are therefore minimal.

No Help with Financing

You may wish to secure financing when buying a salvage car. Private sellers are unlikely to offer you any help in obtaining that financing. You will therefore have to do it on your own. Dealerships usually have longstanding relationships with a variety of lending institutions and groups. They can therefore offer suggestions about the best sources of financing for your purchase. You can then compare the terms of the different potential lenders before selecting the most favorable option.

Buying from a private seller also has its perks, such as the possibility of getting the car at a lower price. Dealerships also have their pros and cons. You should therefore be open minded and explore all the options so that you increase your chance of getting exactly what you want.

Sources

http://www.tooeasytravel.com.au/why-us/pros-cons-of-purchasing-your-car-with-a-dealer-vs-private-seller/

http://blog.renotahoeautogroup.com/pros-cons-of-used-car-dealer-versus-private-party/

http://www.jdpower.com/cars/articles/used-cars/pros-and-cons-buying-used-car-private-party-seller

Leave a Reply

Your email address will not be published. Required fields are marked *