can an auto loan be used to purchase a car from private seller?

by admin on January 21, 2010 · 3 comments

I want to purchase a used car and think that I would save money if I buy from an individual seller instead of a dealership. Will most banks allow this.

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{ 3 comments… read them below or add one }

Kurt G January 21, 2010 at 9:42 am

Most financial institutions will grant loans to individual Sellers and buyers. You may need to take the car to the loan officer for them to see the car.

I’ve bookmarked this site…

http://www.123thebest.info/go.php?link=auto

Best of luck to you.

My Take on It January 21, 2010 at 9:42 am

Depends on the car

Most banks won’t lend on a car that is over 5 years old or has more than 60k on it.

Fumi January 21, 2010 at 9:42 am

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