There are two methods for paying for any vehicle you purchase, whether in the dealership or with a private seller: cash and financing.

If you have cash in any amount, you are in the driver’s seat. If you find a motivated seller and you tell him that you can pay $500 less than he is asking in cash, you may be able to strike a better deal.

Buying online for cash doesn’t negate the need for inspecting the vehicle. This inspection includes a test drive, close inspection of the title document and a Carfax or similar vehicle report.

Once you are satisfied with all the terms, invite the seller to meet you at your bank at a certain time and date. Tell him to bring along a Bill of Sale and the Original title to be signed over to you. Your job is to present him with a … Read More ...