Online Car Loans Have Some Great Tips For Buying A Car Privately

Online Car Loans have some great tips for buying a car privately, which is a very different process to making the same purchase with a dealer, so it’s a good idea to do some research and planning up front to make sure people get the best deal without being ‘taken for a ride’. As with most purchases it’s a good idea to set your budget upfront before being tempted to buy something that you can’t afford so it is a good idea to talk to one of the Online Car Loans team.

They recommend that it’s also a good idea to make a shortlist of the features needed in a new car, taking some time to focus on the day to day requirements, and then make a short list, by looking in auto classifieds and on the Online personal network, at all times remembering there are plenty of used cars on the market so there is plenty of choice. Intending buyers should remember that buying a car privately is easier if the seller is proactive and easy to contact and without this they might want to move on to the next car on the list.

Having made contact with the seller, buyers should use this opportunity to verify all the key details about the car as this will sense check that there are no unexpected typos or errors in the advert that could upset the sales or negotiation process later on. The warrant of fitness on the vehicle should be no more than one month old at the point the purchase is completed, so it’s a good idea to ask about this upfront.

The buyer should then make an appointment to meet the seller and their car in a public place where they will feel safe and have the opportunity to take a good look at their potential purchase and should not feel pressured into making a purchase until they are completely happy with all the details. They should then take the car for a pre-purchase inspection with a registered mechanic. They will be able to inspect the car in detail both inside and out, and review its condition to make the buyer aware of any major accidents or repair-work. Taking the car for a test drive is recommended at this stage.

Once all the checks are completed, it’s time to start the negotiations by starting with a low offer, taking into consideration any issues encountered during the inspection process. Once the price has been agreed upon, the paperwork should be checked, ensuring that the buyer completes their end of the paperwork before exchanging funds. Once the paperwork is complete, the seller will be able to notify the NZTA for a change of ownership.

Those looking to buy a car privately should contact the team at Online Car Loans who have helped thousands of Kiwis get on the road by providing them with car loans that works with their budget.

Please visit the website at http://www.onlinecarloans.co.nz or for more information about their car finance calculator.