Buying a car form private seller?

Answers:1   |   LastUpdateAt:2012-10-26 19:08:02  

Question
Can sombody please help me
Asked at 2012-09-28 11:24:02
OK I want to know if the following is possible. MedlinePlus MedlinePlus I am a student of 20 years old university and want to buy a used car from a private seller that costs about $ 15,000. But I have no credit only Chase debit card . So I know that they would be denied a car loan , because it has no credit history and only make about $ 800 a month. So my question is would it be possible to make an agreement or contract with a private vendor to put as $ 5,000 down and finance the rest of the month with a $ 380 compensation and give more interest , without turning a loan from a bank. I really prefer not to involve the bank so they can stop sucking the life out of us and let the seller have the extra money that the bank normally benefit . I do not see how this is wrong , it's a win, win situation . Thank you very much !
Answer1RyomasaAnswered at 2012-10-26 19:06:24
Most private sellers want cash upfront. I do not finance a car for someone else . You just buy a $ 5000 car , pay for it at the front , then drive it as you build your credit.
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