A private party auto loan is usually financed with your savings. Banks will not finance used cars that are 4 or 5 years old. It's the reason why trading your 4 or 5 year-old car at a car dealer will usually yield you nothing much for that car because dealerships won't be able to get auto finance loan for that car. It's much better for you to sell that car first to an individual buyer, then use the money as down payment for a new car at a dealer. Cars lose much of its value during the first 2 or 3 years and that's true for all makes and models.
With Web2Carz.com you simply fill out an easy credit application. If approved, you’ll receive the Web2Carz.com private party auto loan packet with the drive check. You can immediately shop for a vehicle. When you’ve found one you like, follow the instructions in the loan packet, meet with the seller, and purchase the vehicle with your drive check.
Here's a good example of why it's better to get a private party auto loan...
It's usually better to buy from a private seller, then get a private party auto loan.
According to Kelly Blue Book, one of the most trusted resources when it comes to determining the value of a car, a 2010 Toyota RAV4 with standard options and typical mileage purchased from a dealer should cost $16,400. Buy from a private seller, and you should pay $15,300, a savings of $1,100. Even better: The 2008 Jeep Liberty dealer price is $12,120, but the private-party sale price is $9,775, a savings of $2,345, or more than 20%.
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