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Posted in Auto Loans
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phyllislender

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can i buy a car from an individual and obtain financing

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auto financing

The answer is yes, that is if you have a bank that you do business with. That is who I would go to first to FINANCE AN AUTO. But banks will normally finance a car that is no older than 10 years old or newer.

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It would be a personal loan

Rarely will a bank give you an "Auto Loan" for the purchase from a private individual.  But if you can qualify for a personal loan, your good to go.  Try your bank or credit union first,  There are also serveral "On-line" banks that will give you a personal short term loan. 

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