Before buying an used car from a private seller

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Questions to ask before buying an used car from a private seller





85 due diligence questions.


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Top 10 questions

  1. How is the market for that specific type of used car looking? Is it a sellers or buyers market?
  2. What are your priorities in this purchase: low as possible price, value for money, resell potential or getting the exact make- and model you're looking for?
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About the seller

  1. Is this a professional seller?
  2. Does the seller have experience in buying and selling cars?
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Background facts

  1. How old is the car?
  2. How many miles/kilometers have the vehicle driven?
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Service history and repairs

  1. Does the car have a service history?
  2. Have there been any repairs out of the ordinary?
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Financing

  1. Are you planning on financing the purchase by a car loan? If yes:
  2. -Does the seller currently have a car loan that you can continue?
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Accidents

  1. Has the car ever been in an accident? If yes:
  2. -What was damaged?
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Reselling

  1. Is this a car that would be easy to sell again?
  2. If you were to sell the car the day after you purchased it, how much would you be able to get for it?
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Other questions

  1. If the seller had to say, what would be the main reasons not to buy this car?
  2. What’s been the driving profile of the car? Short trips, long trips?
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