Comments on: Used Car Loans: If You Want To Purchase Used Vehicles http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/ Get The Best Auto Loans Online Sat, 04 Sep 2010 05:30:16 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: hresandrid mie http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/comment-page-1/#comment-2656 hresandrid mie Fri, 26 Mar 2010 14:41:25 +0000 http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/#comment-2656 #Loans - Bad Credit Unsecured Loans: Credit And Collateral, No Bar For Borrowers #Loans – Bad Credit Unsecured Loans: Credit And Collateral, No Bar For Borrowers

]]> By: ruzz tetler http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/comment-page-1/#comment-2006 ruzz tetler Mon, 08 Mar 2010 14:34:08 +0000 http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/#comment-2006 i am just starting out and im 20 and im asking people and gathering info and opinions and financial methods and im intersted in what you have to tell, falsestrue, reply to this please and hit me up and show me ur in and outs with first starting out. i am just starting out and im 20 and im asking people and gathering info and opinions and financial methods and im intersted in what you have to tell, falsestrue, reply to this please and hit me up and show me ur in and outs with first starting out.

]]> By: abastin http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/comment-page-1/#comment-1854 abastin Thu, 04 Mar 2010 21:00:46 +0000 http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/#comment-1854 Wow, who knew that learning about loans and leases could be so engaging. Lot's of useful information that will surely help my decision! Wow, who knew that learning about loans and leases could be so engaging. Lot’s of useful information that will surely help my decision!

]]> By: alsin goone http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/comment-page-1/#comment-1630 alsin goone Sat, 27 Feb 2010 06:56:00 +0000 http://www.autoborrowing.com/used-auto-loans-if-you-want-to-purchase-used-vehicles/#comment-1630 Usually, in the purchase of a USED car from a private party, the check will be made out to you. You should be able to cash it. Lenders don't want used cars as collateral, so the loan was given not on the car, but on your credit. A new car loan will entail a check made out to the dealership. In other words, you are borrowing the money, so the check will be made out to you. The car itself is the "purpose" of the loan, not collateral for the loan. So the seller of the car is of no interest to your lender and their name should not appear on the check. The only reason someone's name other than yours would appear on the check is if you requested it. Usually, in the purchase of a USED car from a private party, the check will be made out to you. You should be able to cash it.

Lenders don't want used cars as collateral, so the loan was given not on the car, but on your credit. A new car loan will entail a check made out to the dealership.

In other words, you are borrowing the money, so the check will be made out to you. The car itself is the "purpose" of the loan, not collateral for the loan. So the seller of the car is of no interest to your lender and their name should not appear on the check.

The only reason someone's name other than yours would appear on the check is if you requested it.

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