When you want to buy a car from a private seller can you get an auto loan through your bank?

Myesha Zerbe: You sure can.

Shawn Lelis: Yes you can, but keep in mind a bank won't do a loan on something with high miles. Check with your bank on what there criteria is.

Dulcie Edis: 1

Darrin Hixenbaugh: Yes you can. A car loan uses the car you're purchasing for collateral. If you get a personal loan you either need other collateral or really good credit. The lending association will have a max amount they will loan for the car and you would have to carry collision and comprehensive insurance because bank is the legal owner of the car

Myesha Zerbe: Of course you can. Just go to your bank, you will probable need to get a auto loan and the car your purchasing will be your collateral. A loan officer at your bank will walk you through it. Good luck.

Donny Bankson: Yes, I've only bought one car privately, but got a loan from my bank the same as I did when I bought through a dealer. If you don't have a normal loans person at your bank, just giv! e your bank a call and they will put you through to someone who will explain the process and what they need.

Elsie Resner: stable question..... some recommendations... a million. modern-day autos are very, very stable, so the previous scare approximately wanting a guaranty has become a money maker for the motor vehicle agencies and sellers. autos do exactly no longer destroy like they have in the previous. 2. suited fee is often stable. a large fee could incredibly triumph over financing comparisons. 3. I completely commend your selection, know-how that it incredibly is economics pushed, to purchase a used automobile. i'm able to correctly have adequate money to purchase a clean automobile, yet under no circumstances have completed that. My spouse and that i are retired, we lots want to spend our money on living house, family contributors, our winters in Mexico. (we could under no circumstances have completed that if we had blown all of it on new autos.) 4. come ac! ross a stable stable automobile which you the two experience s! table approximately and base your financing on suited deal. 5. As you know, banks desire to very own loan money to those who've a lot of fairness in residences, shares, shelter earning and so on. 6. My spouse and that i've got been youthful additionally, and had to circulate by way of that economic enterprise very own loan crap. 7. Our house is appealing, I tension a ninety 4 Mustang, my spouse drives a 2000 VW golfing. wish that enables, stable success and God Bless. save the religion, you would be triumphant....Show more