Applying for Auto Loan when Buying a Car from a Owner?

I am planning to buy a Used car and i wanted to get a loan for the car, but i am not interested in getting a used car from a dealer. So i wanted to buy it from a owner. In this case how should i approach a bank or lender on getting the Auto Loan. Please advice.

Applying for Auto Loan when Buying a Car from a Owner?
The bank will want a VIN and will want to inspect the car and check it's mileage. They'll look up it's value in their "black book" and pull your credit report. Based on that information, they'll decide how much to loan you. Then you'll have to get the car's title and show a Bill of Sale to get a check to give to the seller. The bank will want to hold the title.





If it's an older car for not much money, you might be able to get a personal loan as another answerer has suggested.
Reply:Go to the bank and get a personal loan or a line of credit. It is basically what you get when you get a car loan anyways.





If you are buying the car off the owner for $5,000, then you'd need a car loan for that. Basically they'd give you a check for that amount and the payment terms would be similar to a car loan: Fixed percent, # of months, etc.





Be sure to get a loan that will be enough to cover taxes, title and tags. When you transfer the title you will also have to pay sales taxes on it in most states.
Reply:Basically, all you'll need to do is go to your bank or local credit union and take out a presonal loan for amount needed. They will be able to help you with all the details. Cgeck out this site for more information:


http://www.find-cheap-used-cars.com/used...
Reply:Yes there are bad credit auto loans online for people with a poor credit history and low FICO scores who need transportation, and need a fresh start in repairing their credit. Although it may seem hopeless if you have blemishes on your credit there is a solution. First you will want to get rate quotes from various sources. This is very important, you should shop around to find the best deal. However, keep in mind that there are different%26lt;!--factors at play with each lender, as to whether or not you get a loan and if so at what interest rate. You can get approved for a auto loan.





http://badcreditloans.awardspace.com/How...





But lets be clear, obviously you are not going to get the preferred interest rate on a car loan that a person with A+ credit will receive. However with a little research, especially online, you can find the best auto rate quote that meets your circumstances. Most people just dive head first into the auto financing process when--%26gt;buying a car, giving no thought to how the auto loan interest rate affects the overall cost of the vehicle or monthly payment. With no plan of action or alternative financing source, this results in them receiving high interest rates and high processing fees which lead to high monthly payments.