06-30-2009, 09:05 AM
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#1 |
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Chief of Naval Operations
  
Join Date: May 2000
Location: LEVITTOWN< PA> USA
Posts: 13,619
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Cars listed on Craigslist
With the economy in the tank, do you think that cars advertised on Craigslist are selling, especialy higher priced cars?
I would imagine that obtaining a loan for a private sale would be more difficult than, say a year ago. Any thoughts? |
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06-30-2009, 01:12 PM
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#2 |
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Secretary of the Navy
 
Join Date: Feb 2001
Location: Chillin' N Da 'Hood
Posts: 34,379
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Depends on your credit rating. If you're pretty stable, you can get a loan. The bank/credit union will write him a check for the full amount.
If you can get the cash from your banking institution, then it doesn't matter if the car is a private sale or from a used lot since the bank will still hold the title as collateral.
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06-30-2009, 02:44 PM
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#3 |
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Admiral
 
Join Date: Nov 2001
Location: East coast
Posts: 6,922
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I have had a hard time finding a decent used 02 or 03 civic ex. Everytime there is a decently priced one (~$6k) with around 100k miles listed on CL it is usually gone within 12-48 hrs at least in the DC metro area. This is especially true if it is FSBO.
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