What’s the best place to get a loan for a private-party car? I found a car that I like that’s in my budget, but it’s from a private seller, so I’m not sure how to get a loan for it.
(or a private-party auto loan), there are a few places that you should check:
Large banks. You won’t be able to find private-party loans at all large banks, but it’s worth checking around. Some banks that have private-party loan options include PNC, Bank of America, and Regions Bank.
Credit unions. Many credit unions offer private-party loan options. Credit unions are known for offering flexible rates and terms on car loans, so this might be a good option if you need to stay within a specific budget.
Online. Online lenders will sometimes offer private-party loans. Be sure to check the terms of these types of loans before signing to avoid any extra fees.
Once you find a lender you like, you’ll need to provide a few pieces of information, which might include:
Your full name, date of birth, address, and Social Security number
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