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buying or selling a used car

access documents for buying, selling or leasing a car.

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buy, sell or lease a vehicle faqs

  • when is it smart to lease a vehicle?

    most personal finance advisors will say it is never in your best interest financially to lease a vehicle. during the terms of the lease, you'll always need to make monthly payments and you'll never actually own the vehicle. it's basically like renting a car. while financially it often doesn't make sense, there are advantages to leasing a vehicle.

    advantages to leasing a vehicle:

    • most leased vehicles include the latest technologies, such as semi-autonomous driving systems, emergency braking, and more.
    • monthly payments are often lower than loan payments.
    • most of the maintenance and repairs are included. the vehicles often have warranties as well.
    • you only pay sales tax on the portion you pay, and not for the entire purchase price of the vehicle.
    • usually only a small downpayment is required.
    • for business, it often allows a larger deduction than a purchase.
  • how do i buy a used car from a private seller?

    buying a car directly from a private seller is often much more affordable than buying from a dealer. if you are wanting to buy a car from an individual, you may be wondering how to ensure that the transaction is legal, safe and fair.

    before buying a used car from a third-party:

    • verify the status of the title
    • have your mechanic perform a pre-purchase inspection
    • if they have a loan on the car, verify how you can obtain the title
    • ask for the most recent emission documents, if required in your state
    • obtain vehicle history report using the vehicle identification number (vin)
    • verify the odometer reading and vin
    • ask for service records and warranty information
    • get the transaction or bill of sale in writing

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