For most people, purchasing a vehicle is a major purchase. It brings with it all the stress; particularly to those individuals who know nothing about vehicles. The stresses come as a result of the processes and paperwork involved.
Buying Tips for New Vehicles
The following are some of the tips for buying a new vehicle:
- Do your homework well. Conduct plenty of research to get the vehicle you want in terms of price, lifestyle and tests. You can do your research on magazines, price comparison sites and buyer’s guides.
- You can also get reliable information from the internet. With the internet, you can compare prices of vehicles in different shops within the comfort of your home.
- Apply various negotiation strategies to get the best deal. You can learn these strategies from the internet when you are doing your research.
- If you fail to get the vehicle you want from the local dealers, you can import one from other countries. Don’t be pressured into buying any vehicle that you don’t want.
- Compare various financing partners. It may save you tons of cash if you do your homework well.
- If you get the best deal, analyze the contract closely to make sure all terms have been documented.
- Order the vehicle history report of the car you are purchasing. This report contains detailed information about the vehicle accident history, damage and repair history, odometer readings and VIN.
- Make sure you are aware of the value of the vehicle you are planning to purchase. There are several resources that you can use such as the National Auto Dealers Association (NADA) and the Kelley Blue Book website.
- Get the necessary paperwork for vehicle registration and titling from the seller. You will need these documents to transfer the vehicle’s ownership to your name.
Buying From an Individual
There is a risk of buying a vehicle from a private seller. You may fall a victim of bad deals such as being fooled into buying salvaged vehicles. Also, the processes involved in handling the paperwork for registration and titling can be hectic. However, the transaction is easier than when dealing with a salesman from the dealer. The key to getting the best deal when buying a vehicle from an individual is knowledge. You should be equipped with enough information about the processes and paperwork involved. Obtain the title certificate from the seller. You will need this certificate to transfer vehicle ownership to your name. If the seller fails to produce the title during the time of sale, don’t purchase that car even if it is the perfect deal. In fact it is a signal that the car was stolen or salvaged, and it will put you in trouble. If the title is missing, lost or damaged, ask the seller to apply for a duplicate copy at the county clerk’s office and sign it over to you. In a nutshell, these are things that you need to obtain from the seller to help you register and title the vehicle in your name:
- The original title certificate signed by both the seller and buyer in front of a notary.
- Odometer Disclosure Statement.
- If the title is from out of state, you also need to conduct a VIN inspection.
- A bill of sale.
Selling a Car
With the Internet, selling your vehicle has been made easier. You can advertise your vehicle in various online sites and reach potential buyers all over the world. After getting the best quote from the buyer, there are documents that you need to give them. The first one is the title certificate. Make sure you have filled out all the sections and signed it. You will also need to provide the bill of sale to the buyer.
Selling Without a Title
Don’t purchase a vehicle without a valid title. If the title is missing, ask the seller to apply for a duplicate copy at the local county clerk’s office and sign it over to the buyer. This can be done in person or through mail.
Selling Without Registration
Registration papers are not needed when selling a vehicle. However, you need to clear all fees and fines that may be accrued to your registration at your county clerk’s office. If you are the buyer, don’t worry about obtaining registration papers from the seller. You won’t need them when registering your car.