If a private seller is selling a car for $11,000, does that mean you must pay $11,000 straight up...or have to pay a monthly bill. Please educate me on how its done...when buying a used car from a private seller!? Thanks !
2007-10-20 21:23:33 · 2 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
It is up to the seller to determine what payment options he will accept. 99.999% of all private sellers are NOT going to allow you to make payments, you will have to pay the full price of the car. You can get a car loan (if you qualify) from your bank or credit union, and use that money to buy the car!
2007-10-20 21:30:04 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
There's always room for negotiation. If a seller insists on $11K, walk away. Seller has to pay off the loan on the car, if any.
Buyer and seller agree on the price. You pay seller with cash or certified check from a car loan. In return, seller gives you inspection certificate and old title. You go to DMV and obtain new title, registration and tags in your name. You obtain insurance in your name and you return to the car where the seller has already removed the tags, thank the seller, put the tags on the car and drive off.
2007-10-23 07:33:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋