Private sales
Asked by Dylan Mar 06, 2019 at 02:17 AM about the 2014 Ford Mustang V6 Convertible RWD
Question type: Car Selling & Trading In
When I choose to finance a car through a
private sales. Do they credit check? Also, I
want to know the process of the sale when
we decide to purchase the vehicle. I’m
confused what it’s like. When I buy, do I get a
temporary plate?
3 Answers
You can't get a loan with out them checking out your finances. Issues like temporary plates vary from state to state. Go to your states DMV website to see what your state requires.
How long is that process of checking my credit? Is it accurate from the APR prediction they have under the car listings?
APR predictions are predicting people with a normally ok credit rating. 680-740 or so. Even with a 785-800 credit rating the APR is not much lower on used vehicles. But makes a huge difference on newer vehicles. Any loan you try to take out will run your credit. And it usually only takes a matter of a couple minutes or less anymore. The last vehicle I bought I got approved for a loan with USAA using their app. I didn't even talk a person for the whole process. Signed paperwork via email and scanned documents due to being out of town. Had a buddy of mine pick it up for me. Good luck
