Car Loan to buy from private owner

RSS

IslandPilots

(@IslandPilots)

Posts: 80

Trusted Member

Topic starter

Has anyone ever taken out a automotive loan from a bank here to buy a car from a private owner? Looking for finance 5000 of a 8000 dollar car. I have never financed a car that was not purchased from a dealer before. Thanks for any advise you may have.

Posted : December 24, 2010 1:20 am

Linda J

(@Linda_J)

Posts: 3919

Famed Member

We used a personal loan from Banco Popular to buy a car. We were told they do not finance used vehicles, but our credit was good enough for a personal loan of just about that amount.

Posted : December 24, 2010 9:37 am

billd

(@billd)

Posts: 1085

Noble Member

THAT IS THE WAY TO GO. BE VERY CAREFUL OF THE TERMS IF YOU TAKE A LOAN FROM THE OWNER. I WOULD GET A LEGAL OPINION.

BILLD

Posted : December 24, 2010 10:56 am

4 Forums
33 K Topics
272.5 K Posts
216 Online
42.5 K Members

Forum Icons: Forum contains no unread posts Forum contains unread posts

Topic Icons: Not Replied Replied Active Hot Sticky Unapproved Solved Private Closed

Car Loan to buy from private owner

Living In De V.I.

An Introduction for Newcomers (DVD)

Thinking about moving to the Virgin Islands?

The Settler's Handbook is a Indispensable Guide

Stay up to date with news from VIMovingCenter

Advertise with Us

Also Visit

VItraders.com

VInow.com

Official Sponsor