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

0 ⤊

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.

2006-07-19 11:13:32 · 3 answers · asked by Quin810x 2 in Cars & Transportation ➔ Buying & Selling

3 answers

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.

2006-07-19 13:27:01 · answer #1 · answered by John H 4 · 0⤊ 0⤋

2016-09-26 17:48:10 · answer #2 · answered by ? 3 · 0⤊ 0⤋

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.

2006-07-19 13:28:24 · answer #3 · answered by DH 1 · 0⤊ 0⤋