Even when you buy a used car, you need to avail finance. So, if you are eager to buy your colleague’s Camry, you will still have to walk down to lenders. Now, lenders consider private party auto sale risky. They believe that you may inflate the price and extract more cash from them.
But, ezAutoFinance.net offers you auto loans for private party car purchase. We are an online auto lending company and are dedicated in providing affordable auto loans. We offer person to person auto loans. The name itself is self-explanatory. We offer loans for those deals which do not have any dealership involvement.
Applying for loans is very easy for you. As soon as you fill the online application form, we send it to the lenders. They compete for your application and offer the most competitive interest rates. We have a wide network of lenders and that is how we ensure you nothing but the best.
Now as several lenders are involved, we approve almost all types of applications. A lender’s approval criteria will be a tad different from another. But, the general approval requirements remain same.
Private Party Auto Loan Requirements
You must be at least 18 years old. You monthly income should not be less than $1,800 per month. A same house address for at least 6 months is a requirement. Also, you should have spent more than half a year at the last residence.
You will have to provide few basic employment details. It is a necessity that you must be at your present job for at least six months. A copy of your recent pay stub is necessary as a proof employment. You must also specify details about your last employment (the prior to the current one). You must also be employed at your last job for at least six months.
An open bankruptcy is a very unfavorable for your approval chances. Specify your SSN accurately. Also make sure that the loan amount is at least $5,000. There are also a few specifications for your car. It shouldn’t be driven for more than 100,000 miles and mustn’t be older than 8 years.
So, now you have the opportunity of buying a used car from neighbor or someone you trust. You are no longer required to involve any dealer. It means you have the opportunity of saving dealer’s commission also.
So fill in the private party auto loan application form and own a car today!
|
