Jan 21 2010

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

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 on this post

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  1. Kurt G said:

    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.

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    January 21st, 2010 at 9:42 am
  2. My Take on It said:

    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.

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    January 21st, 2010 at 9:42 am
  3. Fumi said:

    Good day,

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    Like or Dislike: Thumb up 0 Thumb down 0

    January 21st, 2010 at 9:42 am

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