Guys, wanna ask you something.
I'm looking to buy a Saga, found one from a forumer who won it in a competition, so he's selling it cheaper than the market price.
He wants to sell it directly, so I will be technically be the first owner of the car, since that will protect the resell value.
But my concern is, how would I get a loan for it? Can I get a car loan and pay it to a person? Or do the loan pays to a car dealer? Because it does not make sense to pay the dealer as the car is already paid for.. but.. I do not think they will pay it to a person that do not own the car.
I can apply for a personal loan, but I think the interest rate is higher and might end up paying more.
So, please advise. To reiterate:
1. Guy A won a car
2. Guy A wanna sell car as new
3. Guy A will put buyer's name as first owner
4. Guy B wanna buy car
5. Guy B not sure if he can get loan because it is not paid to a car dealer, but Guy A who technically do not own the car as yet.
♦ ♦ ♦ PROTON SAGA BLMCLUB V10 ♦ ♦ ♦, The Journey Continues...
Mar 12 2010, 07:04 PM
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