buying first car - can you pay off or do they require money paid outright?

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suga_baby_la_la

New member
Buying a car from private seller can you pay off over time? ive never owned a car before

if you buy a car from a private seller can you work out a payment plan with them and pay it off over time or do they normally want the money out right
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is it expected that you just pay them and there cash or whatever??

Im a student so i need some sort of financial plan

the owner said there selling it because there new to the city and broke???

ive found a car to go see its a its a 1992 mazda MX coupe for $1500 neg registered untill october but no road worthy certificate

Ive never really done this sort of transactions and i feel abit wierd about asking the seller

also how much is road worthy going to cost in victoria australia


thanks
 
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busterwasmycat

New member
most private sellers aren't really into the loan business, so they expect payment in full. If you do not have the full amount, they normally expect you to get your own loan from a loan provider (banks etc).

Dealers sometimes have an in-house loan agency for used cars or a special deal with a particular loan agency.

All that a private seller wants is someone to take the car and give them the money. end of story.
 
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Taylor

Member
Making payments of a $1,500 is a terrible idea... I highly doubt any seller of a car that inexpensive would even consider taking payments.

Pay cash, but before buying the car, take it to your trusted mechanic and have him/her inspect it head-to-toe. If the seller won't let you, RUN.
 
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