Looking for a new car? Chances are 2021 is not the time to buy.
According to statistics, 31% of social media users consider Facebook to be the primary platform that influences buying decisions. From gently used furniture to collector items, Facebook Marketplace is a quick and easy oasis for people looking to buy. As of recent, however, car adverts are saturating the market.
The chip shortage has left new car prices at an all time high, causing buyers to revert to used car buying. With low inventory nationwide, shoppers have had to get thrifty and look other places, including Facebook Marketplace.
What is it like searching for a car on Facebook Marketplace?
While Facebook Marketplace is not an actual e-commerce buying platform, it is a great place to look. Private sellers and dealerships can advertise their vehicles, instantly reaching a variety of interested buyers. Click here for a full list of Facebook Marketplace regulations.
Setting up shop on Facebook Marketplace is easy, but there are some concerns to keep note of. It is important for all car buyers to know the risks, therefore they can make smart buying decisions.
Here are a few tips on avoiding getting ripped off.
Keep an eye out for scams
Perhaps the biggest problem with online car buying is the potential for scams. Any Facebook user could become a seller in a few simple steps. This means scammers will use this to their advantage. A good rule of thumb is to always:
- Ask for the VIN number
- Never send money upfront
If a deal seems suspicious, trust your gut. It is not worth making a bad investment or loosing thousands of dollars.
Put your safety first
If you’re in the market for a new car, purchasing from a stranger can be a bit intimidating. You don’t go into the transaction with the same type of security like signing a contract at the dealership. Facebook Marketplace does not offer purchase protection on cars, so buyers will have to take precautions on their own regard.
Tips for keeping yourself safe:
- Bring a friend
- Meet in a public area
- Verify the VIN
- Make sure all documentation, including title, lien, and bill of sale, are correct and in order
Take your time reviewing each of these measures. If the deal is legit, you’ll be ready to take on the open road. Next step is registering your title at DMV and finding the right car insurance policy. You can even take it for a car inspection for extra reassurance.
Overview of how to buy a car on Facebook Marketplace
It might not be consumers first choice when looking for a car, but more and more buyers are relying on this option in 2021. With 2.89 billion Facebook users worldwide, you can search locally from the comfort of your home. And if you’re lucky enough, Facebook Marketplace will lead you right to your dream car.
In conclusion, make sure to keep things safe when you buy a car on Facebook. Stay wary of scammers and review all information before sending payment.