BUYING A PRIVATE PARTY VEHICLE
By Carl O'Reilly
WHY
BUY FROM A PRIVATE PARTY?
Since a private party has no overhead, you can expect the best
price on a used vehicle as opposed to buying from a used car dealer
(which of course does have overhead). Further, you'll be able to meet
the owner of the vehicle and gain some insight into how the vehicle
may have been cared for. Always ask the owner for any and all service
records pertaining to the vehicle. If he says he doesn't have any, this
is generally reflective of someone who has abused the vehicle by not
performing regularly scheduled maintenance. In this case, it is best
to move on to the next prospect.
Watch out
for bandits! A few shady types will pose as private sellers but are
really dealers without a license. These "weekend dealers"
usually buy from auctions or other private parties and turn around and
sell for profit. Ok, fine, there is nothing wrong with somebody trying
to make a few bucks off buying and selling cars. However, when dealing
with one of these types, you are not dealing with the owner of the vehicle
and this is a big disadvantage. Further, these people are pros at adding
a few inexpensive cosmetic corrections to make a certain vehicle look
like more than it's worth and finally, they may even be rolling back
the odometer on each of the bargains they pick up. To protect yourself,
always check the issue date of the vehicle's title. If it's recent,
the seller could likely be a weekend dealer.
READING
CLASSIFIED ADS
Classified advertisements found in newspapers and various car shopper
publications usually involve one or more of the following abbreviations/wordings.
Briefly study the list below in order to better understand used car
ads.
A/C or
air - air conditioning
All opts. - vehicle has all factory options
AT or auto - automatic transmission
Cherry - perfect condition
Clean - usually a well kept vehicle in good shape
Ext. warr. - extended warranty
Fac. - factory installed accessory
Fac. warr. - factory warranty; check if it's transferable
Firm - listed price is not open to negotiation
Full pwr. - has all common power accessories
Gar. kept - always garaged
Gd. trans. - good transportation; means it looks bad but runs strong
Loaded - vehicle has all or nearly all options
Looker - usually means vehicle has had extensive customization
Lo. mi. - low mileage
Mechanic's dream - a real fixer; in terrible shape
Mint - perfect condition; super low mileage
Must see to appreciate - usually means a good, very clean vehicle
Needs work - looks and/or runs poorly
New Paint - was the paint job only to mask dings and small dents?
Nice - a vehicle that looks fairly good
No rust - great, but make sure you check the underside thoroughly
Non-smkr. - driver did not smoke in vehicle
OBO - or best offer; owner is very motivated to sell
One owner - this is what you want; ask for all service records
Orig. own. - original owner; ask for all service records
PB - power brakes
PDL - power door locks
PL - power locks
Private - private party
PS - power steering
Rblt. - rebuilt engine or transmission
Runs good - definitely does not look too good
Tilt - has tilt steering column
25K - the mileage; in this example - 25,000 miles
PAPERWORK
CONSIDERATIONS
When buying a vehicle from a private party you'll be responsible for
handling the title transfer, smog certification (if applicable), and
re-registration. The person whom you are buying from should be the same
as the person listed on the vehicle's title. The vehicle should also
of course have current registration under the sellers name. If you are
unsure as to the correct procedure to follow when buying a vehicle from
a private party, contact your local Department of Motor Vehicle's office.
NEVER
FORGET YOU'RE BUYING IT "AS IS"
Once you buy a vehicle from a private party, it's all yours, problems
and all (if any), period! Therefore make sure you thoroughly check it
out. Refer to the used vehicle topic for more information along these
lines.
.
.
.
|