How do I get a car loan for a private-sale vehicle?

I'm considering buying a used car from a private seller, but I'll need a loan to afford it. How do I get a loan in this situation?

Answer
Typically, when you’re looking to buy a car, you want to get pre-approved for an auto loan. But when you’re buying a vehicle from a private seller, you need to first pick out the car you want and then approach the lender of your choice about financing. From there, the process works just like any other auto loan. If the lender approves the loan, they will usually pay the seller directly for the vehicle.
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Johnny Puckett
Answered on Feb 18, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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