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How does financing private sale car work??

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peri peri
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2014/12/10 08:28:26 (permalink)

How does financing private sale car work??

Hi guys, 
 
I am after a new car but don't have the money outright. Dealerships are all about £2-3k more expensive so I'm looking to buy private. 
 
I have a deposit but looking to finance the rest, does anyone know how this works? Do I give the deposit to the guy I'm buying from or do the finance company pay him the full amount and I give them the deposit, also where does that leave me with negotiation? I want to at least try and get a bit off?
 
Didn't know if anyone else has been in this situation? 
 
Cheers 
#1

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    Rasputin
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    Re: How does financing private sale car work?? 2014/12/10 16:05:42 (permalink)
    When i bought my bike I took out a personal loan with my bank. I couldn't get finance on a personal sale on the bike not sure if its the same for a car. 

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    #2
    s2000
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    Re: How does financing private sale car work?? 2014/12/10 16:18:28 (permalink)
    same for me. i just paid for it in full from a personal loan with my bank.
    find the interets rate is likely to be lower than with any finance company.
     
    car was £5k i took £5k loan, paid £4900 for it and pay £150 a month for 3years. jobs a good un
    #3
    Desmo
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    Re: How does financing private sale car work?? 2014/12/11 07:00:14 (permalink)
    Yep, just get a personal loan.

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