When looking to purchase a used car from a private individual, you need to know how you plan to pay. Unlike shopping at a dealership where financing options are available, you will need to either pay cash or check to a private seller.
Here are a few options:
Cash – Don’t roll up with $20k in a briefcase, but don’t be hesitant to offer cash if you have it. It’s a very powerful negotiating tool. When seller knows they can have cash in hand they may be tempted to lower the price.
Check – For larger purchases, you can always write a check (most common method). Know that some sellers will want to allow the appropriate time for checks to clear, etc. Keep this in mind if you have to travel a good distance to purchase the vehicle.
Financing – Some buyers will finance, but this isn't common. Consider looking into a home equity loan or line of credit. The great thing about this method is that the interest is tax deductible. You could also go to the bank and get a personal loan. In any case, know what you plan to spend and get pre-approved.
Highlights:
- Cash talks
- Checks need to clear
- Get pre-approved for loans
Oncedriven.com is a TOTAL SCAM!
ReplyDeleteOnce Driven contacted us to sell our scooter in Nov 2014 stating they had "buyers lined up". It's almost February and we still have yet to receive even 1 call from from their efforts! They're eager to take your money, but then go MIA when they get your money. My rep Jennifer Williams is constantly dodging my calls and is completely unresponsive. I called on the 45th day to get my refund for their ineffective marketing and they said the scooter would have had to been sold (by other means) in order to get it.
Beware if you should ever get a call from @OnceDriven wanting your money! They are a completely unprofessional, unresponsive, unmotivated and unsatisfactory!