Drawbacks of private sales
Buyers have fewer legal protections in private sales. You may get a cheaper price if you shop privately, but private sellers don’t have to:
- be registered
- display a Consumer Information Notice (CIN) on the vehicles they sell — a CIN provides important information about the vehicle’s history and any money owing
- comply with the Consumer Guarantees Act (CGA) or the Fair Trading Act (FTA).
However, if you do buy a car privately and have problems, you may have some rights after purchase if:
- you were persuaded to buy the car based on false information the seller gave you
- money is owed on the vehicle and it is repossessed by a finance company
- the seller didn’t have the right to sell the car
- the car seller should actually be a registered motor vehicle trader.