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Home PageAuto FinanceTips For Getting A Used Car Loan

  How can I sell my used car to a private party if I don't have title?
If your bank or other lien holder has the title, ask them how to transfer the title to the person who buys your car. Typically the lien holder sends the title to you or to the buyer 2 weeks after the lien has been satisfied.  You can also pay off your car loan, and get the title to make the process go smoother.
 

  Used Car Loan Tip Of The Month

How to finance a used car from a private person

A lot of people ask us how to finance a used car when you buy it from a private person. Use the Capital One Auto Finance person-to-person loan  for used cars.  Apply online, approval takes minutes, they mail you a Blank CheckŪ so you can buy any used car from a private party without paperwork hassles.  If you got railroaded into a high APR car loan from a dealer, you can refinance after 3 months with Capital One Auto Finance. Lower your current car payments with their Auto Refinancing Loans. A few of my friends have used them with my help. They have a low APR, it's fast, easy, and awesome.


Page Sections - Used car loans and used car financing | Know your credit score.  Get your online credit report | Driving Records


 Used car loans and used car financing

If you are buying a car from a private person, use the Capital One Auto Finance person-to-person loan.  They are the only company who finances person to person used car loans.  They also provide used car loans for buying from a car dealer as well. Apply online, and approval is in an hour. They FedEx you a Blank CheckŪ so you can buy any used car without paperwork hassles. Which site should you use?  First make sure your credit score is at least 680, then as a prime borrower, you can choose by who has the lowest APR.

Never pay cash for a deposit on a car.  If the deal goes south, you'll never get your cash back, but you can always dispute a credit transaction. You may need a new, clean credit card to handle deposits, and purchases, don't pay cash. If you have good credit, try either the Discover Platinum Card or the Discover Gold Card, both have no annual fee, 100% fraud protection, and 0% APR until 10/2002. If your credit is ok, but not perfect, try the useful Lending Tree Credit Card Search.   Their free service gives you up to 4 credit cards willing to issue you credit. Definitely worth checking out.  What if you can't get credit at all and keep getting rejected? Then try this Credit Card Finder For People With Bad Credit.  Don't keep applying to credit cards, get rejected, and your credit history ruined further, find out who will approve you before you apply. They find at least 2 credit cards guaranteed to issue an unsecured credit card to you.  If your credit is so bad and If you're in too deep, maybe now is not the time to buy a car.  But don't take on more debt with a consolidation loan, try a debt reduction program instead like the non-profit iDebtAssistance.com.  You get an interest rate reduction payment, which pays off your balances much quicker than you ever could on your own.

Shop Auto Insurance Costs for Your Used Car

Before you shop for a used car, get auto insurance quotes to find out how much it will cost to insure it. Auto insurance sites Comparison Market,  Progressive Auto Insurance give free online car insurance quotes.

Get An Extended Warranty for your used Car
Get an extended warranty for your used car.  The best car warranty sites we have researched so far are 1SourceAutoWarranty and Warranty Direct.  If you buy a 3 or 4 year old used car, that's when the manufacturer's warranty expires and all hell breaks loose.  Unless you have an extended warranty, you are exposed to potentially large losses.

World Trade Center Damaged Cars

Thousands of cars were damaged in on 9/11/2001 These cars will be salvaged, rebuilt, sold at car auctions and have their titles rebuilt, most likely out of state.  Even if you live in another state , run a CARFAX Vehicle History Report on every used car before you buy. Other major vehicle disasters:

  • Tropical Storm Allison Flooded 20,000 Houston homes and cars in 2001.

  • In 1999 Hurricane Floyd flooded or totaled 15,000 cars in the Carolinas.

  • In 1999 Hurricane Irene flooded hundreds of cars in South Florida.

Know your credit score.  Get your online credit report

 You can get your credit report online from Equifax, Consumerinfo, or TrueCredit.. Be sure to do that first, most people don't know what's on their credit report, or have never seen it, yet the car dealers and banks have!  Looking for a bad credit auto loan? If your Credit Score is < 680 and you're rejected, don't submit apps all over that keep getting you rejected.  Submit one FREE application to a bad credit auto loan site like AutoCreditFinders, that specializes in finding bad credit car loans for people with low credit scores. Then send in extra principle payments to buy down your APR and pay off your car loan faster.

Driving Records

Driving Records are state driver's license reports containing details about a driver's history including accidents and violations.  Each state maintains records of their registered drivers' activities occurring only in that state.

Driving records can be obtained by insurance companies to determine your rates as well as by companies during their employment screening procedures when hiring.  Some employers may even require that you submit your driving record along with your employment application.  A single typo on your driving record can cost you hundreds of dollars in insurance rates.  It can even cost you a job.




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