I’d like to hear your experiences with buying a car online, with a distant seller.
Every Monday I look through cars online thinking that if I ever find one that I like, I’m going to buy it. Lo and behold, I find a phenomenal deal. I met the seller on Craig’s list. I find out that he’s not in my area, but rather several hundred miles away (and so is the car, in Colorado). It’s much too long for me to drive and I don’t have enough vacation days left to go and pick it up. He says not to worry, that we can complete the transaction through ebay, and take advantage of their Vehicle Protection Program. Has anyone used it? Is it reliable?
Usually, I go through dealer financing because I qualify for their best rates and financing options which have been better than at the banks in my area. Will banks be more or less willing to loan me money to buy a car that I am essentially buying off of ebay?
I’ve asked for the VIN number. His ad answers pretty much all my questions about the car. The guy is in the air force and needs to leave, which explains the fire sale of the car, but the offer is just too good to be true. Is there any other way to protect myself in case of a lemon? Thanks in advance for the responses.
I don’t have the cash on hand, and normally I like to go through financing. I haven’t bought many cars in my life, but I’ve always qualified for dealer financing which is better than what my banks give me.