How does private seller purchase work?

Asked by GuruTGQ7Q Mar 11, 2019 at 03:43 AM about the 1988 Chevrolet Chevy Van G20 RWD

Question type: Shopping & Pricing

Hello, I found a pretty cheap 1988 chevy van for around $1k. The owner
says it he has replaced several things already and it runs perfectly fine.

My question is if I make increment payments via Carguru with at least half
down payment. Yet within a month the van breaks down and will not operate
anymore. Am I still liable to continue making the monthly payments?

Thank you for your time!

2 Answers

21,875

Yes, you must pay for the van. You are agreeing to purchase the vehicle. Most sellers sell a vehicle 'As-is'. It is 30 years old so the seller can only fix current problems.

1 people found this helpful.

Once you buy it you are responsible to pay off the loan no matter what happens to the car. Even if it is stolen or sucked up by a tornado you still owe the money.

1 people found this helpful.

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