Are private-party car loans always more expensive than dealership loans?
"I got pre-approved for a 36-month loan at 3.9%. But when I went to the bank to get the cashier's check, they told me that because I'm not buying from a dealer, my interest rate would change.
With a credit score of 680, they told me that they could give me a loan to buy from a private seller, but the rate would be 16.5%. To me, this seems ridiculous."