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
21,865

Gary answered 5 years ago

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.

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F_O_R answered 5 years ago

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.

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