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Buying a car from an owner, not car dealership-loan ??

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hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Buying a car from an owner, not car dealership-loan ??

Can you get a car loan from a bank to buy a car from an owner (not a dealership)?

Posted 7/9/09 7:34 PM
 
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Shroggie
Don't Worry...Be Happy

Member since 5/06

6261 total posts

Name:

Re: Buying a car from an owner, not car dealership-loan ??

Yup!

Posted 7/9/09 7:46 PM
 

sticklee
LIF Adult

Member since 8/06

2984 total posts

Name:
Stick

Re: Buying a car from an owner, not car dealership-loan ??

yes

for example, capital one has a blank check program where they prequalify you for a certain amount, and you can use that at a dealer or with a private seller

Posted 7/9/09 8:19 PM
 

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: Buying a car from an owner, not car dealership-loan ??

Thanks :)

Posted 7/9/09 8:34 PM
 

megsmom
#2 on the way!

Member since 5/05

1723 total posts

Name:

Re: Buying a car from an owner, not car dealership-loan ??

I used the check from cap one and you could only use it with a major dealership. I called and they told me this because i had the same question

Posted 7/9/09 11:15 PM
 

Cpt2007
A new love!

Member since 1/08

5946 total posts

Name:
Liz

Re: Buying a car from an owner, not car dealership-loan ??

absolutely. in fact, when i bought a few years ago, the interest rate for a used car was slightly lower than that for a new car.

Posted 7/10/09 9:43 AM
 

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: Buying a car from an owner, not car dealership-loan ??

Posted by Cpt2007

absolutely. in fact, when i bought a few years ago, the interest rate for a used car was slightly lower than that for a new car.



And you bought privately and not a dealership?

Posted 7/10/09 9:54 AM
 
 

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