Looking to buy a car? You might save a few bucks if you buy privately, but what’s the real cost? The car could be repossessed if the seller still owes money on it. You’ll be out of pocket, with no car. If you buy from a dealer you’re guaranteed ownership of the vehicle. Reduce your risk. Buy from a licensed second-hand vehicle dealer. Go for a test drive. Get a mechanic to inspect it. But if you buy privately, be sure to check the Personal Property Securities Register.