Is It a Good Idea to Buy a Car from a Pawn Shop or Title Loan?

I found a nice car at a Pawn shop and they are asking just $5000 when cheapest one on Autotrader is $8000!

Should I go for it?

Suggestion:

Theres nothing wrong with buying a car from a pawnshop or title loan place. All it is is someone didnt pay their monthly payment and lost it, or they sold it out right possibly also.

Just do the same thing you would with any other used car, get it inspected by a certified mechanic and dont assume its in good shape. If they are not willing to let you get it checked out then walk away.

{ 1 comment… read it below or add one }

I don't know if you should go for it. I have no idea what or where this car is. Like all cars, it requires an inspection by you in person. Only if the car & the deal are satisfactory then I'd say ok. But, if they are hell bent on selling it to you w/ an attached loan, then no. They may be selling it cheap hoping you would finance it thru them at some insane killer interest rate. You gotta see the car for yourself. Nothing else matters until you do.

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