when you are buying a car through an individual how do you go about getting the money? bank? etc.
2006-08-19 16:55:49 · 4 answers · asked by AMANDA J 2 in Cars & Transportation ➔ Buying & Selling
If you are buying the car from someone, get a loan for the car if you cannot pay cash. They will most likely issue a check for the car in the name of the seller. Might even want the transaction to happen at the bank.
2006-08-19 17:01:44 · answer #1 · answered by rrrevils 6 · 0⤊ 0⤋
Assuming your not paying cash just negotiate a deposit to keep the seller from selling the car out from under you while you arrange the financing through a bank or credit union. Better yet, get preapproved by your bank or credit union which will make the seller more likley to take a small sum as your deposit. Then negotiate your sale price. Tell the seller you need to work with the bank to get financing and offer a deposit of $100-$500 for them to hold the car during the finance process. Your bank will then give you a check written to you or written directly to the seller of the car.
2006-08-19 17:03:10 · answer #2 · answered by beer234 3 · 0⤊ 0⤋
You can go to your bank or credit union and apply for a personal loan. It's really the same process as getting a loan from a car dealer. You are just going somewhere else to do the paperwork. You could even do it this way instead of having a car place find financing for you.
2006-08-19 17:01:48 · answer #3 · answered by tsopolly 6 · 0⤊ 0⤋
pay get a rec. and the title
2006-08-19 17:09:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋