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Financing a used car from a private seller involves securing a loan from a bank, credit union or online lender to purchase a vehicle directly from an individual rather than a dealership.
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information . [ 1 ]
If you're purchasing a used car that was financed and the owner still owes car payments on it, things can be complicated. All loans on a car with a lien must be paid off before the seller...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Buying a used car, though risky, can mean savings. Try these steps to a successful buy.
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]