What's the best way to finance a people-people deal on a used car?
10-15-2002 | 01:22 PM
#3
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Joined: Dec 2000
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From: South Bay
So long as the seller will provide you with a bill of sale, any lender should be willing to loan a creditworthy borrower money. Try credit unions or banks that you already do business with. Otherswise, online banks may be a good call too. Good luck. (I think each financial institution will have different requirements of what they need, so make sure to ask each one before deciding )
10-15-2002 | 01:36 PM
#4
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From: Wheeler Army Airfield, HI
Credit Unions usually give good interest rates and they seem to be more likely to give out loans to people with little credit history.
I was turned down on financing a $900 chair at a store, yet the next day, I got approved on a $25K car loan with a credit union.
In the past, you get the loan stuff going, then the person will meet you at the bank/credit union. The bank cuts them a check when they sign the title over. Very easy really.
I was turned down on financing a $900 chair at a store, yet the next day, I got approved on a $25K car loan with a credit union.
In the past, you get the loan stuff going, then the person will meet you at the bank/credit union. The bank cuts them a check when they sign the title over. Very easy really.
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