How to get Financed for Private?

RandoGT · August 20th, 2008, 10:28 PM

how would i go about getting financing so that i can buy from a private party or a small dealership that isn't a big franchised one from Ford, Toyota, or any of those guys?

HMUSN · August 20th, 2008, 10:29 PM

you got that kind of cash?

lend a brother $100

JoshC! · August 20th, 2008, 10:29 PM

i went through a bank

stangfreak · August 20th, 2008, 10:30 PM

financed for what? a car, boat, house? try your bank

347stroker · August 20th, 2008, 11:13 PM

You just need to call your bank or shop around for different interest rates. Some will work with you some wont you just need to call and tell them what your doing. It really doesnt work any different once its done just a little bit different process to get it. Good luck

Drick · August 20th, 2008, 11:23 PM

I would really like to know too. Cause if I dont buy a new snowmobile im gonna get a used diesel and I am not buying from a dealership

347stroker · August 20th, 2008, 11:26 PM

Originally Posted by 8t6gt

I would really like to know too. Cause if I dont buy a new snowmobile im gonna get a used diesel and I am not buying from a dealership

You just gotta go to your local banks and see who will A. Give you the money and B. Give you the best intrest rate. Shop around and see what you can find, in my personal experience I seem to have to put a little bit more money down this way than if you go to a dealer. I dont know if everyone is like that but in my 5 or 6 experiences with this thats how it worked.

JoshC! · August 20th, 2008, 11:30 PM

its usually 10% down so if you get a loan for 10000 you need to have 1000 in hand to get the loan

347stroker · August 20th, 2008, 11:32 PM

^^yea thats a good base to go off of.

RandoGT · August 23rd, 2008, 02:13 AM

so go to several banks and see what they can do for me? and going from 00vert's post i'm assuming that you have to give a down payment to the bank as well?

i was just wondering because half the time i look for a car, no big named dealer will have it and all the private-parties do....the deal with that is, i go to sites for Bank of America, Capital One, etc. and they say that for auto loans, you're gonna have to go to a pre-approved dealership. i just wanna clear this up before i go searching for a new car

Haseeb718 · August 23rd, 2008, 12:36 PM

find out how much you want to spend first and how much you want your payments to be. From there go to a Bank or a credit union and just shop rates. Find the one with the best rate that applies to you and talk to them and tell them you are buying the car from a private party. They will tell you how to handle it and then shop for a car in the price range of the money they apporve you for.

August 20th, 2008, 10:28 PM	#1
RandoGT Enthusiast 1998 Mustang GT Need to hit the track Join Date: May 2007 Location: Katy, TX Posts: 856 iTrader: 0 reviews	How to get Financed for Private? how would i go about getting financing so that i can buy from a private party or a small dealership that isn't a big franchised one from Ford, Toyota, or any of those guys?

August 20th, 2008, 10:29 PM	#2
HMUSN Doc 1986 SVO 48.47@ 12.58 Join Date: Nov 2006 Posts: 37,050 iTrader: 11 reviews	you got that kind of cash? lend a brother $100 __________________

August 20th, 2008, 10:29 PM	#3
JoshC! I Hate Convertibles... 2000 GT Vert Join Date: Oct 2007 Location: Odessa, Texas Posts: 5,511 iTrader: 0 reviews	i went through a bank __________________ Im topless, are you? Topless Mustang Club Founder Black Stang Crew Member #boobs out mods/pics

August 20th, 2008, 10:30 PM	#4
stangfreak Banned MEMBER #334 Join Date: Feb 2006 Location: Wyandotte County Posts: 1,633 iTrader: 0 reviews	financed for what? a car, boat, house? try your bank __________________ [SIGPIC][/SIGPIC] [SIZE="4"]"This just in....14.79 @ 92.15 is not fast"[/SIZE]

August 20th, 2008, 11:13 PM	#5
347stroker Enthusiast 2002 Mustang GT Join Date: Mar 2008 Location: N. Texas Posts: 971 iTrader: 0 reviews	You just need to call your bank or shop around for different interest rates. Some will work with you some wont you just need to call and tell them what your doing. It really doesnt work any different once its done just a little bit different process to get it. Good luck __________________ Foxlake stage 2 heads, CMS stage 2 cams, Custom Diablo tune, BBK LT's, BBK O/R H, Bassani Race Mufflers, MGW STS, 75MM TB, K&N CAI, Eibach Sportlines, 4.10's Mineral Gray Club Member #1

August 20th, 2008, 11:23 PM	#6
Drick Big timin' in a small town 2004 FX4 F150, 86 GT Join Date: Apr 2007 Location: Gods country. Nordern Michigan eh Posts: 14,336 iTrader: 1 reviews	I would really like to know too. Cause if I dont buy a new snowmobile im gonna get a used diesel and I am not buying from a dealership __________________ FX4 Crew Crew member #1 Don't take anything I say to heart, I don't try to come off as an asshole. It just happens

August 20th, 2008, 11:30 PM	#8
JoshC! I Hate Convertibles... 2000 GT Vert Join Date: Oct 2007 Location: Odessa, Texas Posts: 5,511 iTrader: 0 reviews	its usually 10% down so if you get a loan for 10000 you need to have 1000 in hand to get the loan __________________ Im topless, are you? Topless Mustang Club Founder Black Stang Crew Member #boobs out mods/pics

August 20th, 2008, 11:32 PM	#9
347stroker Enthusiast 2002 Mustang GT Join Date: Mar 2008 Location: N. Texas Posts: 971 iTrader: 0 reviews	^^yea thats a good base to go off of. __________________ Foxlake stage 2 heads, CMS stage 2 cams, Custom Diablo tune, BBK LT's, BBK O/R H, Bassani Race Mufflers, MGW STS, 75MM TB, K&N CAI, Eibach Sportlines, 4.10's Mineral Gray Club Member #1

August 23rd, 2008, 02:13 AM	#10
RandoGT Enthusiast 1998 Mustang GT Need to hit the track Join Date: May 2007 Location: Katy, TX Posts: 856 iTrader: 0 reviews	so go to several banks and see what they can do for me? and going from 00vert's post i'm assuming that you have to give a down payment to the bank as well? i was just wondering because half the time i look for a car, no big named dealer will have it and all the private-parties do....the deal with that is, i go to sites for Bank of America, Capital One, etc. and they say that for auto loans, you're gonna have to go to a pre-approved dealership. i just wanna clear this up before i go searching for a new car

August 23rd, 2008, 12:36 PM	#11
Haseeb718 Regular Wtb a fox Join Date: May 2008 Location: Orlando,FL Posts: 165 iTrader: 0 reviews	find out how much you want to spend first and how much you want your payments to be. From there go to a Bank or a credit union and just shop rates. Find the one with the best rate that applies to you and talk to them and tell them you are buying the car from a private party. They will tell you how to handle it and then shop for a car in the price range of the money they apporve you for.

Remove Advertisements Sponsored Links
Ford Mustang Forum Advertisement

Threads Similar to: How to get Financed for Private?
Thread	Thread Starter	Forum	Replies	Last Post
Private Event	Racerchik02	Drag	17	November 26th, 2007 02:56 PM
Will Someone Please Send Me A Private Message	mdvaldosta	The Clubhouse	7	November 11th, 2007 06:09 PM
Private Dick	G.T. Rags	The Clubhouse	91	October 8th, 2007 05:16 PM

All times are GMT -4. The time now is 09:00 AM.
Contact Us - Modded Mustangs : Ford Mustang Forums - Privacy Statement - Top
Modded Mustangs is ©2005-2008, All Rights Reserved, And is Not Affiliated with Ford Motor Company. Forum is powered by vBulletin ©2000 - 2012, Jelsoft Ent. Ltd. & SEO by vBSEO 3.3.2 ©2009, Crawlability, Inc.