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Buying a car from a private person. What information do I need the car to get a loan?
I'm going to buy a car from a friend $ 25,000. I pay $ 10,000 of my own money and get a $ 15,000 loan from my bank. What information should I bring to the bank tomorrow to ensure the loan? I need info on the car itself? If yes, what exactly? My friend has financed the car, so I need information its finance company? Thank you!
All you need is a financing company info, make, model and year of car, they will need the VIN # and. I do not, they will give you money until they have clear title to the vehicle, no if you use the vehicle to secure the loan.
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