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.
Related posts:
- Can you use car finance to purchase a private sale car?
- Can I refinance an auto loan and use it to make a purchase?
- Does anyone know how to get a bad credit auto loan for private seller?
- Does anyone know how to get a bad credit auto loan for private seller?
- Bad Credit Auto Loan Advice? Private Party seller!?
{ 2 comments… read them below or add one }
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.
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.