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How do I get a loan for a car from a private seller

Published On : 2008-12-05 01:08:03.0 Ramesh
Category : Financing
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You can get loan from anyone, its not necessary to get loan from the seller. All banks offer car loans and have sub agents as well. Remember that the interest rate is very variable, meaning that you have large room for negotiation. For eg in my city when you asked for used car loan they start from 18% and fact is that they have 4.5% commission on the loan. So you can potentially get the loan at at around 15-16% so best is to contact the bank directly or go through the sub agent and do hard negotiations.
Rahul Yadav on 2008-12-05 04:58:29.0
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