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Started By
Message
Loan for private vehicle purchase?
Posted on 3/11/15 at 11:16 am
Posted on 3/11/15 at 11:16 am
I'd like to finance a vehicle I'll be buying from an individual. How do I go about doing that?
Everything I've seen online is for financing used through a stealership
Everything I've seen online is for financing used through a stealership
11
Posted on 3/11/15 at 11:17 am to SomeGuyFromLA
Call the bank.. 
Posted on 3/11/15 at 11:17 am to SomeGuyFromLA
Bank, credit union
Posted on 3/11/15 at 11:18 am to SomeGuyFromLA
Go see Rocco over in Little Italy he can fix you up
Posted on 3/11/15 at 11:19 am to SomeGuyFromLA
Is he willing to float the loan?
Ordinarily, the seller who is financing gets a lien on the vehicle, which is noted on the title, and holds the title.
You would sign a note and a security agreement of some sort, which the seller would record.
But this is really more of the seller's problem than yours, right?
Ordinarily, the seller who is financing gets a lien on the vehicle, which is noted on the title, and holds the title.
You would sign a note and a security agreement of some sort, which the seller would record.
But this is really more of the seller's problem than yours, right?
Posted on 3/11/15 at 11:22 am to SomeGuyFromLA
Mrs. Pimp called the bank this morning. Credit score 820---30 years of perfect credit. Bank says "between 3% and 6%". I said make some more calls.
Posted on 3/11/15 at 11:22 am to SomeGuyFromLA
"Stealership"......clever
Posted on 3/11/15 at 11:24 am to SomeGuyFromLA
GoFundMe
Posted on 3/11/15 at 11:55 am to SomeGuyFromLA
Pay cash. If you don't have that much cash, then buy a vehicle that you can actually afford.
Posted on 3/11/15 at 11:56 am to SomeGuyFromLA
Why am I the first one to say this...
Trashy.
Trashy.
Posted on 3/11/15 at 11:56 am to SomeGuyFromLA
Local credit union. Spoke with a guy at mine last month and they were offering 1.5% on a new or certified pre-owned car.
Posted on 3/11/15 at 12:15 pm to SomeGuyFromLA
quote:
stealership
quote:
financing
hmmmm
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