Financing for Purchase from Private Seller
#1
Tame Racing Driver
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Location: Bel Air, Maryland
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Financing for Purchase from Private Seller
I am rather new to the forums, but I joined mainly to read about the RX-8 as much as possible before purchasing one. I was a Honda fanboy for 7 years, ricey mods and whatnot. Then I grew up. I am looking to get an RX-8 and keep it stock, 100% the way Mazda wanted it (with the exception of a way to hook up my iPod).
Anyways, I was wondering if anyone had any advice about auto financing for purchasing from a private seller. Is this even possible? I don't have much of a credit history aside from credit cards, but my credit score was a 762 (checked last month), and I have about $2500 to put down (if a down payment is even an option). Please help, I saw a very nice 8 for 12,000...
Anyways, I was wondering if anyone had any advice about auto financing for purchasing from a private seller. Is this even possible? I don't have much of a credit history aside from credit cards, but my credit score was a 762 (checked last month), and I have about $2500 to put down (if a down payment is even an option). Please help, I saw a very nice 8 for 12,000...
#2
BBQ Smoker Addict
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Look up the credit unions in your city. Most only require that you live in the same city. They are non risk based. I use them myself for your exact scenario. I bought my last three cars this way.
Take care,
Brian
Take care,
Brian
#4
I took a 13k loan through Wells Fargo with at 5.5% with nothing but credit cards to base my credit on. It was a 5k downpayment. They have a special section for "private party" auto-loans and they'll give you a check long before you buy it. I had the check as soon as my eBay auction finished.
#5
Tame Racing Driver
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So for all the diffrent methods of obtaining credit for purchase from a private seller, does it always have to be local?
#6
Gaijin
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