Jan 6 2010
can an auto loan be used to purchase a car from private seller?
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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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John H 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.
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0January 6th, 2010 at 7:22 am -
DH said:
Yes. Banks are ok with you purchasing it from a private party, however there are some extra hoops that you may have to go through.
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0 0January 6th, 2010 at 7:22 am
