Generally, an inexperienced used car buyer in search for used cars for sale by owner might get carried away by the owner's convincing pitches, special offers, fantastic deals, amazing freebies, etc. That is why it is very important to know the basic factors before deciding to buy a particular used car especially if the cheap used car for sale will be bought directly from the owner.
If you have plans to buy a used car the following must be considered:
Know the full details of the car's ownership like the owner's name, address and other identity information. You will acquire this through a "Vehicle Registration Document" or V5. The seller must present this to you. Otherwise, don't push through with the deal.
Sometimes, a V5 is with the Driver and Vehicle Licensing Agency or the DVLA for recording purposes and a green slip is given to the owner. So if the seller doesn't have his V5 because it is with the DVLA you have to ask for the green slip in support of the V5.
See to it that the used car owner has the Insurance Policy of the car. If he doesn't have it then he is not a real owner and your transaction may be a fraud.
If the identification details stated in the V5 is the same as what is in the driver's license then you are in the right track. Basically, names and the address is the same and if the details are doubtful don't pursue the transaction.
It will take a really smart buyer to get the best used cars deal specially when buying cheap used cars for sale by owner.
