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How to Buy a Used Car and
Not Get Taken

2. Deciding Where to Buy a Used Car

What follows is a brief assessment of the potential for getting a car, van, or pickup at a very good price, i.e., "cheap" vs. the risks involved n dealing with each of the buying options. Private Owners

1. Friends and Acquaintances
There are many who will suggest that the best place to buy a used car is from a friend. The upside of buying from someone you know is that he or she will be less likely to sell you what has become their repair shop nightmare-at least not without warning you. They may even be willing to take a little less for the car than they could get from another buyer. However, there are also several downsides to consider.



First, your friend may have an inflated idea of the value of the car and will resent your trying to negotiate a lower price.
• Second, if something does go wrong with the car, an unexpected repair charge could put your friendship in jeopardy.

• Third, unless there is still some factory guarantee left on the car, a friend won't be in a position to offer you any kind of warranty.

Even with these possible negatives, a friend or business associate may still be the safest source for a used-car purchase.
Price: It will vary according to:

Risk: Moderately low. After all, you do know where the seller lives. However, to assure that the risk remains low, you must follow the inspection instructions outlined in this segment, and you should be sure to have the car checked by a professional mechanic before you buy.

2. Persons Previously unknown You
Most people generally feel more comfortable wheeling and dealing with someone they have never met before. You can "grind" the seller on the price and then, if not satisfied with the deal, walk away without endangering a friendship or damaging your relationship with an acquaintance.

As we'll explain in our strategy section, one of the keys to buying at a good price lies in:

• Finding sellers who need to sell their cars
• Finding sellers who are in a hurry to sell their cars
• Finding sellers who have not had much success in attracting potential buyer

 

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