In the past, if you were buying a used car from a private seller, you may have had difficulty getting a loan. Many banks and credit unions are reticent to finance private transactions. Today, however, there are two online lenders that do provide used car loans to buyers of cars from private sales:

• E-loan.com
• Capital One Finance

Both companies accept online applications for car loans on private sales. If approved, the companies will mail you a check in the amount of the loan so you can complete the transaction.

*The interest rates on these types of loans are slightly higher than those you would pay to finance a used car purchase at a dealership but are still very competitive.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Auto Loans Tip Site? Request a Tip Now!

Guru Spotlight

Linda Handiak

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!