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Buying a used car is a great way to save money. Furthermore, a low-mileage model can be just as rewarding as a brand-new vehicle. Here are the key differences between dealerships and private sellers.
Typically, private sellers are unable to offer warranty coverage. As soon as the new owner signs their name on the dotted line, they are fully responsible for the vehicle. Meanwhile, reputable used car dealerships provide a limited warranty. This allows you to drive home with an extra peace of mind. If the vehicle experiences trouble within the warranty period, the dealership will cover the repair costs.
One of the advantages of going to a car dealership is the ability to get in-house financing. Some dealers even provide an online finance application that only takes a few minutes to complete. The overwhelming majority of private sellers definitely don’t allow you to make monthly payments. They usually want all of their money in one lump sum. If you haven’t saved up enough cash to buy the vehicle, you will be forced to apply for a bank loan. Unfortunately, applying for a bank loan often proves to be somewhat time-consuming and confusing when buying from a private seller.
It is true that some private sellers do a great job of keeping their vehicle serviced on a regular basis. Unfortunately, there are an equal number of private sellers who fail to properly maintain their car. According to the Arizona Department of Transportation, some people even attempt to sell vehicles that have been seriously damaged in an accident or flood. Before allowing customers to test drive a vehicle, quality dealerships inspect it for potential problems. They don’t want to get a reputation for selling lemons. The vehicle will be fully serviced and ready to hit the road, which means fewer worries on the buyer’s behalf.
If you decide to buy a used ride from a private party, be prepared to spend a lot of extra time and gas money. You will likely need to visit a least a few different private sellers before making a final decision. On the other hand, dealerships such as Young Automotive Group keep a wide selection of used vehicles in their inventory. You can do your entire car shopping in one location. Whether you are looking for a high-powered muscle car or a fuel-sipping hatchback, you are destined to find something that catches your attention.
As you can see, there are numerous perks to buying a used car from a dealership. Although buying a vehicle from a private seller is an option, you must be extremely careful.