private individuals
Question
Private auto loan companies?
What should I know? Well here's my situation.... I'm looking at buying a used car from an individual. It's a nice car, few years old, has a carfax, etc. But it's more than I could pay cash for. I know credit has dried up alot. But what should I know? Also, what are some companies I should check into using?
6 months ago - 3 answers
Best Answer
Chosen by Asker
Hi Soul! O.K.,you must first identify your credit history to yourself. First, determine if you are within that golden area that is easily able to finance (most people aren't). A bank will lend you money if you are creditworthy. Finance companies will also lend but their rates escalate as your creditworthyness drops. Also, most finance institutions have limits as to how old of a vehicle they are willing to finance. "If" you have a car located and you simply cannot get financing anywhere; you can always go to a 'tote-your-note car lot. Yes, they will assist you in geting a car not from their lot. They will simply buy the car you want and refinance it to you"but" It's going to cost you (a lot!!) Sorry, but those are the facts that you have to live with. Alternative-"If' you have someone(friend/relative) who may be willing; you can have a co-signer, and usually get what you want at an affordable price. That's about the best I can offer to you for the moment soul. Good Luck! By the way, it is a good thing and I am not directly questioning it but you sure ask a lot of varied questions...! Anyway, keep 'em coming. We need the practice.
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6 months ago
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Other Answers
Try this site loanquotes ... here you can find offers available for you.
by Trevor- 6 months ago