Once that calendar page turns to a New Year, many Americans look forward to that payback known as the tax refund. While it may be tempting to take it to the nearest casino and place it all on red, there are more efficient ways to bolster that refund money.

As tempting as it may be to buy or sell a vehicle through a dealer, it may make more financial sense to complete a private sale with an individual. If you’re willing to do the research, inspections and paperwork yourself, there are additional things to consider when buying or selling a vehicle through a private sale.