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comment by b_b
b_b  ·  2759 days ago  ·  link  ·    ·  parent  ·  post: What do you look for in a new (used) car?

My brother financed a private party transaction through his credit union in 2013. I wonder if in 09 you were suffering from the general lack of credit everywhere. Banks were looking to exclude everyone from everything at that time. I went through the mortgage process during the credit crunch, and it literally brought me to tears of frustration, something I hadn't experienced since I was probably 6 years old. Nasty motherfuckers.

Edit: I have no idea if or how private party changes alters the loan terms.



steve  ·  2757 days ago  ·  link  ·  

    I wonder if in 09 you were suffering from the general lack of credit everywhere.

I agree - I think that might have been a general banking issue of the time. When I worked for State Farm (who also has a bank), we financed private party deals all the time.

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snoodog  ·  2759 days ago  ·  link  ·  

I think you can do private party car loans but there may be additional hoops. I would defiantly ask at your local bank/ Credit union. The chain banks sometimes offer better deals/looser standards do dont leave them out of your shopping experience.

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