Not all dream cars are found inside a dealership showroom. In fact, many people have found their perfect vehicle through private sales. But can you still apply for a car loan if the sale is private? The answer is yes! With private sale car financing solutions from Credit Concierge, you can purchase a used car and maximise the benefits of private sales. These benefits range from negotiating the price since private sellers generally don’t have the overhead costs that dealerships do to pre-sale vehicle inspections paid for by the seller to ensure the vehicle is in prime condition before you sign on the dotted line.

Credit Concierge can help you get behind the wheel and on the road with professional and efficient private sale car financing services; just visit us online to learn more!

Step By Step To Purchasing A Used Car In Private Sales.

In terms of finance, the process of buying a car is relatively similar between private sales and dealerships. So, before the seller hands over the keys, prepare yourself for these steps:

  1. Applying and being approved for a loan – online application facilities are available from Credit Concierge for convenience and efficient correspondence with a suitable car loan lender. You may need to provide information about the vehicle, personal details and the amount you would like to borrow.
  2. Pay for the car – once you’ve been approved, your lender will either directly deposit the money into the seller’s bank account or into your account in some instances

However, there are many things you need to consider when it comes to used-car financing, so keep these things in mind when finding the best financing options for your needs:

  1. Vehicle age limits – many lenders limit the age of vehicles they are willing to finance. Some are as low as five years, while others may extend to twelve years. So, if your desired set of wheels is a classic, we may need to search a little longer to find a suitable lender.
  2. Interest rates – used car loans typically have higher interest rates than new car loans simply because used cars are riskier to finance. Also, since used cars are generally cheaper, making the loan amount smaller, lenders may increase their interest rates depending on the loan size.

Here at Credit Concierge, we have everything you need to get behind the wheel of your dream car, so contact us today to learn more about our private sale car financing solutions.