How do you guys find auto loans for a purchase from a private seller?
04-30-2023, 06:03 PM
#1
How do you guys find auto loans for a purchase from a private seller?
It seems most banks won't do auto loads for buying from a private seller/individual, or they charge a 9% interest rate.
How do you guys finance your car?
How do you guys finance your car?
05-04-2023, 02:00 PM
#2
Rennlist Member
Pay the going rate. The consumer has little power in this lending segment.
Years ago I bought an XJ-6 from a private seller and got a check from the bank, which was the proceeds of a loan.
As of late I have paid cash for vehicles so don’t have a suggestion for a lender.
Years ago I bought an XJ-6 from a private seller and got a check from the bank, which was the proceeds of a loan.
As of late I have paid cash for vehicles so don’t have a suggestion for a lender.
05-04-2023, 03:57 PM
#3
It looks like I am going to have to pay for it with cash. The amount of hassle with a lender and the sky high interest rate they want! It sucks.
The following users liked this post:
chassis (05-04-2023)
The following users liked this post:
chassis (05-04-2023)
05-04-2023, 07:12 PM
#6
Rennlist Member
Check out PenFed credit Union - they used to be super easy to work with and always had good rates - not sure about today’s rates but worth a look
05-07-2023, 10:03 AM
#7
Rennlist Member
You must be young....sky high rates were 40 plus years ago, during Jimmy Carter days. Rates today are not high. You've been spoiled.