cancel
Showing results for 
Search instead for 
Did you mean: 

car loans on car from private owner

tag
Anonymous
Not applicable

car loans on car from private owner

Are there any online companies that consider loans on cars bought from a private owner?

The car is a 2001 Honda, 172k miles.

 

My scores are approx.

tu:631

eq:574

ex:645

Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: car loans on car from private owner

I don't know about any companies you could use, but I'd like to question why you'd like to have financing on a 7 year old vehicle with 172K miles.  I myself am a Honda driver and know first hand that they have no problem going +200K miles, but with a vehicle this old you should be paying cash.  Odds of a breakdown are greater with a vehicle in this age and mileage range and you need to consider whether you could afford to make a loan payment and pay for a repair.  In the event you are able to find financing on this purchase, I think you'll have a hard time finding anyone to finance this for more than a year. 

Message 2 of 4
Anonymous
Not applicable

Re: car loans on car from private owner

How much is the car? Take out a personal loan, in this case, any bank will do.
Message 3 of 4
Anonymous
Not applicable

Re: car loans on car from private owner

The reason I am concidering this car is 3600 for an insight that gets 60 MPG and when gas goes back up I should be able to make a profit on a resale.

 

I've applied via phone with Postal federal community CU.  They pull equafax.  They sounded promising.  Will know tomorrow.

Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.