How to obtain an auto loan from a bank/credit union? November 26, 2009
Posted by Banking in : Buying & Selling , 5comments
Drewboy asked:
I am planning on buying a new car from a dealer in the near future. I would rather take a loan from my credit union. What are the steps in obtaining the loan? Do I just go to the CU and get a approved for a certain ammount, find a car in that range, then have the a dealer draft the bank or do you need to have a fixed price and car when you go to the CU? Any help on the correct process is appreciated!
I am planning on buying a new car from a dealer in the near future. I would rather take a loan from my credit union. What are the steps in obtaining the loan? Do I just go to the CU and get a approved for a certain ammount, find a car in that range, then have the a dealer draft the bank or do you need to have a fixed price and car when you go to the CU? Any help on the correct process is appreciated!
How do you sell a car privately and deal with buyers bank loan? November 13, 2009
Posted by Banking in : Buying & Selling , 3comments
I’m selling my car for 20k. I know most likely the buyer will have a check from a bank loan, not cash.
So my question is…..
How do I deal with the payment transaction?
Do I wait until the check clears in my bank?
Do I hold the car until the check clears?
What would be the step by step?
By: DMI
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