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How do you buy a car from a private person? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial decisions by offering you interactive financial calculators and tools, publishing original and objective content. This allows you to conduct your own research and compare information for free to help you make sound financial decisions. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The deals that are displayed on this site are from companies that pay us. This compensation can affect the way and when products are featured on the site, such as, for example, the order in which they be displayed within the listing categories and other categories, unless prohibited by law. Our mortgage, home equity and other products for home loans. However, this compensation will have no impact on the information we provide, or the reviews that you see on this site. We do not contain the vast array of companies or financial offers that may be available to you.



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3 min read published 10 May 2022
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the ways and pitfalls of borrowing money to purchase the car they want.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain the confidence to take control of their finances through providing concise, well-researched, and well-understood information that breaks down complex topics into manageable bites.









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When it comes to buying your next vehicle, options can range from traditional dealers to an online purchase that is delivered directly to your door. Purchasing from a private seller can be a great option to get a good deal, but it requires a little more consideration than buying from a well-established firm. 1. Secure financing for your vehicle, whether you buy through a traditional dealer or from a private party walking into the store with the vehicle financing you were preapproved in advance is key to saving money. Try applying to at least three different lenders that offer private-party auto loans. This way you can compare and the conditions, and go into the buying process with a clear idea on how much . 2. Research Now that you've determined how much vehicle you can afford to purchase now is the time to begin searching for the vehicle you want to purchase. It's unlikely that you'll be visiting an auto dealership but will instead be looking for the vehicle online using websites like Craigslist and Facebook Marketplace or searching ads in local classifieds. Check out the details of each vehicle's mileage and history. Also, do some research on the model of the vehicle to make sure there's no . 3. Contact the seller after you have found the vehicle, you are able to reach out directly to the owner. If you have any questions, ask them in the advertisement. Questions about the history of accidents, how many previous owners, and why they are selling are great starting points. Plan a vehicle test drive after your questions are answered. Plan this test drive to take place in a public space with a relative or family member. 4. Examine the car Take an in-depth look at the interior and exterior of the car before you begin your test drive. If you purchase a vehicle at a used store It is possible that the owner didn't check over the car prior to the meeting. Test the vehicle's electronics and search for signs of external rust, poor tire tread , or other cosmetic problems. 5. Take a test drive When you test the vehicle, try and get out onto the road to see how the vehicle handles at higher speeds. Make sure you check the brakes and pay close attention to the sound of the engine as you speed up. 6. Check the vehicle for damage. Following your driving experience it is recommended to find a trustworthy pair of eyes to inspect it. Request the owner to let you know whether the car can be taken to a mechanic. This way , you can inspect the hood and make sure that there aren't any undiscovered problems. If the owner has any qualms with this request then it's best to walk away -- they may be trying to hide any issue that is affecting the vehicle. 7. Make an offer and then close the deal when you're sure the vehicle is in excellent condition and are sure you want to purchase it, it is time to submit an offer. While you should use their posted asking price as a starting point, make use of any issues that you have discovered in the inspection process as leverage to get a better deal. Look through the Kelley Blue Book to see what the typical selling price is, and remember that the greatest strength you have when negotiating is the ability to leave the bargain. The risks of purchasing privately buying a vehicle through private sellers may make you more money, it's also a likely place to run into frauds with vehicles. Look out for like curbstoning, fake advertisements , or even identity theft. They are easily avoided so long as you keep an eye out for red flags that are common. Avoid buying from someone who appears to be too aggressive. While there is emotion attached to sales of vehicles, you should trust your instinct. Also, never purchase a vehicle in person and avoid wire transfers. The final word is that purchasing a vehicle through a private dealer is a great way to shop online as well as save some money. However, it comes with the risk of additional risks, so be sure to complete an in-depth vehicle inspection and walk away immediately upon seeing anything suspicious. Learn more


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Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the details of using loans to buy an automobile.



The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain confidence to manage their finances by providing precise, well-studied information that breaks down otherwise complicated subjects into digestible pieces.






Auto loans editor




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