Do private-seller car loans always require more paperwork?

"I found a car that I like from a private seller, but the process with the lender has been difficult.

Are all loans through a private seller like this, or should I just get a traditional loan through the dealer?"

Answer provided by
Eric Schad
Answered on Jun 03, 2021
“Lenders perceive private sellers to be more risky, so yes, you’ll probably have to deal with more paperwork compared to getting a traditional car loan.
The true advantage of buying from a private seller is the price. So in the future, you’ll want to bring cash to the table to avoid all the red tape.
Still, you can get a private-seller loan—just be prepared for the extra work. Good luck!”

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