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What is a private party auto loan, and how do you get one?
Private party auto loans let you finance vehicles from private owners.
About the author
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Private party auto loans let you finance vehicles from private owners.
Answer some key questions before buying a car with your partner.
You may be able to save hundreds by working with a direct auto lender.
Equity will determine whether you can easily trade in a car that’s not paid off.
Buying a car from a private seller can save you money, but take precautions.
Weigh what these two big bank lenders have to offer.
A lease stipulates that you’ll make payments on the car until the lease is over.
A used car purchase can save you money — but only if you get a quality vehicle.
Don’t just look at a used car’s polish and history. Get an oil analysis to learn about the health of the engine.
Credit Direct and LightStream car loans are made for nontraditional car purchases.
Learn why these nonprofit institutions are a smart choice for auto buyers.
Online platform iLending’s extensive lender network offers some of the lowest starting refinance APRs in the industry.
Explore Bankrate's expert picks for the best low interest personal loans available and discover how to compare lenders by their annual percentage rates (APR).