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Rather then making you listen to my tips for buying used cars on Craigslist, I figured I would post an article from someone who recently purchased a car from a craigslist seller. His name is Clark, and I asked him to explain his process of finding the vehicle on Craigslist, to the actual purchase of it.
I’ve always tried to be a savvy car buyer and never buy brand new cars. It’s not that I don’t have the money, but that I would rather spend it elsewhere and buy a car that ‘gets the job done.’ The main points that I look at within a car are the make, year, mileage, and price. You have to find a happy medium between all 4 of these points. I look for cars that are before 2004, a reputable brand, under 75 thousand miles, and under $25,000. You’ll find that searching for these criteria will bring a lot of results.
Other advantages would include a carfax report, one owner, highway miles, used by a woman, extended warranty, serviced at all required times, a normal cause for selling, and passable after a mechanics inspection.
Other disadvantages include clear damage to areas of the car, modified, dirty, low sale value, short description, and no pictures.
Once you have put your list of cars together, make sure to reference Kelly Blue Book to make sure the cars prices you have found are relatively close to the KBB prices. After your research is complete contact each of the Craigslist used car sellers. I always like to get on the phone with the seller, so if they provide a number, call it! When you email or call, ask for more info, and when they can provide you with a service report. If the car missed regular service checkups and you don’t get the best info on the car, move on to the next seller. Once you have found one that you feel comfortable with, set up a time to test drive.
If the seller does not let you take the car for a test drive for whatever reason, leave! Something is probably up with the car. When you do get to test-drive a car I always like to take it on the back roads and highway. Visualize yourself in the car for the next few years. Is it a good fit? Does it drive well? Also take a look around the car to check if it is clean, if there has been any visible damage, etc. Take account of the seller as well. Do they seem to be the type of person that would properly maintain the car, i.e. are they anal!
I always take a buddy along for the ride as well to get a second opinion. Sometimes you can be so excited that you overlook some obvious flaws. It’s also for safety reasons! Once the test drive is over, be sure to tell the seller you will get back to them in a few days to a week as you have other cars to look at. This may help to reduce the price!
Once you have narrowed down your list of potential cars, contact each seller and tell them you would like to take it to a mechanic for an inspection. If a seller says no, then you can cross that car off the list. Next, order a carfax report to check if the car was ever involved in any accidents. Each of these steps may cost a little money, though if you avoid them you could be up the creek if the car breaks down after just a few days or weeks. Lastly, make sure the Craigslist seller has the title to the car and is not still paying off the loan.
Since you have gone through some effort in your research, you should have a good idea what the car is worth, which should also be close the Kelly Blue Book value. If the sale price of the craigslist used car is close to this, then I will typically offer a price a few hundred dollars below. Craigslist dealers always work a little wiggle room into their prices that they will be willing to come down from. Don’t get to cheap with the seller though, especially if you believe the car to be in excellent shape and at a fair price.
Once you and the seller have settled on a price, I recommend all buyers look at the state regulations and requirements for car ownership. Before meeting the seller, make sure they are also aware of any documents they need to bring and sign. It’s also a good idea to contact your car insurance agency to let them know you are going to be purchasing a car from a private dealer.
When you arrive at the set location I always bring a friend for safety reasons. You can bring cash, but other forms of payment are a safer option. Before paying make sure the seller gives you the title, and all other signed documents needed. If the seller is still paying a loan, it is a good idea to accompany them to the lenders office to make sure they pay off the balance and receives the title.
I found that following these basics steps really helps to ensure that I am getting the best craigslist used car for sale possible. I am confident that it drives well, that the price I am paying for is fair, and that I am going to have fun driving it for many years!
I’m going to assume RIGHT NOW you are in the process of looking to buy a car online and Craigslist has become a consideration for finding that used car. You may be a little hesitant with Craigslist for the obvious reasons such as being scammed, or simply buying a lemon from a dealer who didn’t take their car in to be serviced once in over 100,000 miles! However, considering Craigslist used cars can, and often is, the best used car option online if you follow the 5 simple steps listed below.
1. Research the Used Car in Question
There are tons of great resources available online where you can research what the fair price would be for the used car. For instance, by submitting the basic car info such as brand, style, year, miles, etc., into carfax.com you will see what the fair price of the car would be. With that info you can get a good idea if the Craigslist used car seller is offering a fair price. You certainly don’t want to buy a car that is way overpriced, although be mindful that a car that is well below the carfax.com price may mean that there are some undisclosed issues with the car.
Main Point: Consider used cars that are in close range of the carfax.com price.
2. Speak with the Owner About Price
Call the owner of the vehicle to gather any other information about the car. You want to be sure the vehicle is the same as what is described in the craigslist posting. Don’t fall for any pity tricks that the seller may try and pull, and always remember that the price that is originally listed is most often set at a rate that the seller anticipates will be worked down by the buyer. So on that first call BE FIRM! Haggle the seller down. Sellers on craigslist are trying to sell their cars fast and can often be worked down in price.
Main Point: Haggle the price down!
3. See the Vehicle with a Friend
This tip airs on the side of safety and caution. ALWAYS meet the craigslist used car dealer in a public place WITH a friend. Though extremely rare, people have been assaulted in situations of meeting people from craigslist. Additionally, do not bring cash to the meeting. Be street smart! Don’t let this message deter you, because nearly 99% of the time craigslist car sellers are not looking to scam you in person, and simply want to sell their car.
Main Point: Meet in a public place, bring a friend, don’t bring cash.
4. Test Drive the Vehicle
If the seller does not let you test-drive the vehicle LEAVE! They simply don’t want you to realize that the car is lemon. And don’t fall for any excuse such as “my insurance won’t allow it” or “no one drives my car except me”. When you do get a chance to test-drive the car make sure to take in on the back roads and highway. Check everything on the dashboard, as well as the gears, brakes, emergency brake, lights, and overall handling/feeling of the car. Are you willing to spend $X on the craigslist used car after the test drive?
Main Point: Test-drive the car and make sure you are happy how it handles.
5. Take it to a Mechanic
I always recommend that everyone buying his or her car from craigslist should take it to a mechanic to get a full inspection. When you buy cars from dealerships, you are nearly always insured that the car is functioning correctly and has had all major issues addressed. It may cost you a little bit of money to take to a mechanic, but it will be better than buying the car only to find that it brakes down after the first week and needs a complete engine overhaul!
Main Point: Suck it up and get the car inspected before buying.
If you follow these 5 simple steps you are well on your way to finding the best used car online and the most affordable price. Good luck!