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Hemmings Motor News Blog

Hemmings Motor News has been around since 1954. We're proud of our heritage, but we're also more than the Hemmings full of classifieds that your father subscribed to. Aside from new editorial content every month in Hemmings, we have three monthly magazines: Hemmings Muscle Machines, Hemmings Classic Car and Hemmings Sports and Exotic Car.

While our editors traverse the country to find the best content for those magazines, we find other oddities related to the old-car hobby that we really had no place for - until now. With this blog, we're giving you a behind-the-scenes look at what we see and what we do during the course of putting out some of the finest automotive magazines you'll ever read.

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Buying a Car In a Private Sale

Posted August 21, 2012 9:00 AM by dstrohl

Purchasing a collectible vehicle through a private sale is still the single most common method today. Unlike an auction, a private transaction is conducted between two people - eliminating the third party saves you 5 percent or more of the sales price by cutting out the auction house's additional buyer's premium. It also enables you to establish a short but personal relationship with the seller, which can become beneficial. As an example, discussing the vehicle one-on-one can help you determine just how open the seller will be in letting you test drive and inspect the vehicle more than once, or in negotiating on a purchase price.

First Things First
Finding a collector car or truck for sale can be as easy as taking a leisurely Saturday afternoon drive or keeping an eye out while you are running an errand. Generally speaking, peak season for spotting collector cars for sale occurs in the spring and fall, although this can vary, depending upon your geographic location.

A more common method for finding a collector car is to search through the classified section of your local or regional newspaper. Most local papers have a specific antique car section, though vintage vehicles can be found listed alongside the numerous used late models as well. It should be noted that new listings tend to appear in the latter half of the week, usually in the Friday, Saturday and Sunday editions.

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#1

Re: Buying a Car In a Private Sale

08/21/2012 11:49 AM

The last thing mentioned is the most important thing:

Get and pay for a pre-sale inspection by a competent shop. Make any sale contingent on the outcome of that inspection.

The resulting laundry list will either tell you to walk or it becomes a bargaining chip to get the seller to fix it or discount the final price.

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Re: Buying a Car In a Private Sale

08/22/2012 7:55 AM

Good tip! I agree!

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