will someone finance a car that is for sale by owner?
will someone finance a car that is also 13 years old?

who is this someone?

7/13/2012 12:03:58 PM

Ask your bank.

7/13/2012 12:15:25 PM

Most banks go by blue book value. They may have a "floor value" beneath which they will not make a loan, but the age of the car is often not an issue so much as their assessed value.

Just about any bank will finance a car for sale by owner. This may be contingent upon an appraiser looking it over, or may not be, but the seller is of no concern. When the bank finances a car for you they write a check to the seller and they hold the title until paid off. This can be done with a private individual as long as they hold a clear title.

7/13/2012 12:48:52 PM

your credit and the value of the vehicle will be more in question when seeking financing for an older car

go to a credit union

7/13/2012 1:43:06 PM

secu will finance pretty much anything with a NADA value

7/13/2012 1:56:04 PM

have seller take it to one of those small, "buy here, pay here" car lots. Work a deal with the owner to sell the car to him and have the buyer buy it from him for a couple hundred more and work the financing through the dealer.

Maybe

My grandfather used to own a car lot like that and he would do that sometimes. Don't know how often thats actually done though

7/13/2012 6:07:57 PM

^that's a terrible suggestion

7/13/2012 6:23:04 PM

hit up some credit unions.

7/13/2012 9:48:32 PM

Quote :

"^that's a terrible suggestion"

7/13/2012 9:49:20 PM

I also feel compelled to mention that, if you are financing a car of that age, be sure the car is still going to be running at the end of the loan period. Depending on the type of car and the term of the loan it could be a perfectly fine idea, but it could also not.

7/13/2012 11:58:36 PM

most banks won't....

7/14/2012 8:40:13 AM

If your bank wont, go to Lendmark (office on Capital blvd). I bought a motorcycle off craigslist through them, and when I had that largely paid down I took a personal loan on top of it just to keep the line of credit going. Great people, easy to work with, not sketchy or predatory. They're a subsidiary of BB&T, which is not my bank, fwiw.

[Edited on July 15, 2012 at 11:39 AM. Reason : actually, if interested, PM me...I think we'd both get some sort of referral credit]

7/15/2012 11:38:12 AM