Whether it is advisable to buy a Chevy Tahoe or other used car directly from its owner depends on the buyer's personal preferences and comfort level. This method may allow the buyer to obtain a lower price compared to buying from a dealer but provides less protection for the buyer.Continue Reading
Since dealers must follow various state and federal guidelines that dictate the quality of the cars they sell and make certain inspections before selling a used car, they must ask for a higher price to recoup the costs associated with these requirements. Private sellers do not need to meet these standards, which allows them to offer lower prices to potential buyers.
When buying from a private seller, the buyer has little to no protection in the event of fraud or if a problem arises with the car. Dealers usually offer special warranties and return periods, while purchases from private sellers are usually final. Private sales also require the buyer to handle necessary paperwork, such as title transfers and registration documents, which a dealer would otherwise handle for the buyer.
Whether buying from a dealer or private seller, the buyer should take steps to minimize his risk. Requesting vehicle history reports and inspecting and test-driving the vehicle help ensure the car meets the buyer's standards. The buyer should also shop around to compare prices and consider insurance costs before making any purchase.Learn more about Buying & Selling