Financing a used vehicle that is not being sold by a dealer is actually quite common. Though it is a little bit different that financing through a dealer ship, it doesn’t always mean it is harder to get approved for a loan to buy through the private party. NationalMotorSales is very familiar with this type of private party lending as we deal primarily with the private party market of buyers and sellers. Generally, a bank or lender will have stricter requirements on the vehicles you will be able to finance from a private seller. Most often times they impose restrictions on how old the vehicle may be in order to qualify for the loan, or even a mileage cap. They also don’t normally deal with vehicles that have a salvaged or rebuilt title. These restrictions aren’t ridiculous though, it is not a good idea to finance an old vehicle with high miles and a salvage title. You don’t want to get a three or four year loan on a car that is only going to last for a year or two. Buying from the private party has many benefits and you can often find better deals.