Buying a used caravan is a great option as you can save money but still get a great vehicle. However, you need to first decide between buying used caravans from a private seller or from a dealership. Naturally, there are benefits and drawbacks of each option. Here are some things to think about when making your decision.
Private Sellers Are Often Willing to Negotiate
When it comes to the price of the caravan, you may be looking to save as much money as possible. This is likely why you are looking at used vehicles instead of brand new ones. With private sellers, they often go based on the current market value for the caravan, taking into consideration the condition of the vehicle. Since they are getting cash for the vehicle, they may be more willing to lower the price due to this benefit. It is often easier to negotiate prices with a private seller than a dealership. Dealerships are more known to have a strict price based on the caravan's value and will not waver.
Dealerships May Provide a Warranty
A benefit to choosing a dealership for the caravan is that they provide warranties for the vehicle. This means if anything happens to the caravan within a specific period of time, the dealership will pay for the repairs. Make sure you read the fine print of the warranty so you know what is and is not covered. Major mechanical issues might be exempt from certain types of warranties, which means you would still be liable for those costs. However, having a warranty can still be a major benefit.
Private Sellers May Be the Only Owner
The condition of the caravan and the history of repairs is often an issue when buying one used. However, if you go with a private seller, they might be the only owner or know who the original owner was. This can be beneficial because you get insider information about what the vehicle has gone through. They will let you know firsthand what maintenance it has had, and you can get a better idea of the repairs that have been done, and what to look out for.
Dealerships Offer Financing Options
While you may still be able to get a loan for a caravan and use that to purchase it from a private seller, many sellers prefer cash for the vehicle. With a dealership, they not only accept financing from outside sourcing but often have their own financing as well. You could visit the dealership, get financing, and drive off in your new caravan all on the same day.