Does anyone know how to get a bad credit auto loan for private seller?
Wednesday, November 16th, 2011 at
21:41
Question by Lollipopgirl123: Does anyone know how to get a bad credit auto loan for private seller?
I have poor credit and am wanting to get a car from a private seller. I don't know what companies would approve me. If anyone has been in my situation and got approved for a car loan with bad credit, please let me know!
Best answer:
Answer by Steve
usually those loans come direct from the car dealers because they make so much profit from them they can take the chance that some wont pay. if a bank or credit union wont give you the loan, you can ask the seller if you can make payments to them. good luck
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Tagged with: Anyone • Auto • Credit • Know • Loan • Private • seller
I get loans from my bank to buy cars. Dealerships don’t care how you get the money just as long as you get it for them. Also the car dealerships don’t give the loans its a bank that they will work with. Depending on how bad your credit is you may be able to get a loan but with a really high APR. If you could get somebody to co-sign with you. If so you could probably get a lower APR. But they would have to have good credit.
Try Capital One, CitiFinancial, or Household Bank. All are accessable online, and cater to bad credit.
Try here:
http://www.prosper.com/lend/listing.aspx...
It’s a person to person lending site. It helps if you endorse other people’s listing and they will endorse yours.