Where to find Independent dealer or private party financing.

Asked by Jun 29, 2013 at 11:20 PM

Question type: Shopping & Pricing

Aghhhhhh!!!!! So the time has come.
I've found the perfect car, and it's
being sold by a private seller. I have
a connection to someone with an
independent dealer license who
would be willing to buy the car from
her and sell it to me for a very small
fee, and I'm ok with that. Problem is,
it seems impossible to find financing
for an independent dealer or private
seller. I'm only getting approved for
franchised dealer purchase. Does
anyone know of any online or
physical places to get a loan for
either of these? I make decent
money and have been at my job 4+
years, but I'm a first time buyer with
so so credit, so places like chase,
Wells Fargo, the major banks turn me
down. Any ideas? I'm running out of
steam here!

2 Answers


yes, the car game- getting the financing is what determines the kind of horse we ride, the joy (looking cool) and the pain (paying for repairs) that is our destiny- OM- I have 2 suggestions- a credit union, maybe?- and research the car which is your heart's desire- online research will help you understand what you are trying to get into- maybe good (so cool) or maybe bad (reputation for unreliability)


A credit union is definitely the way to go. They are not-for-profit and chartered to serve the communities they are in. Large banks don't make much money on auto loans and can be much pickier.

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