What does bank do if getting loan for used car?

I would like to apply for a used car loan through my bank. I have Good credit (750)


if the truck I want to get is not from a dealer, privet, what else does the bank do? Do they care what vehicle your getting, or do they like go inspect it, or kelly blue book it?

What does bank do if getting loan for used car?
they will "blue book" the vehicle as well. They won't go inspect it -- that's your job.





you can "blue book" it yourself at edmunds.com on the web.





the value they like is the "trade in" value -- they'll want their loan to be at most that much. You provide the rest in cash.





most will happily handle the financial part of the deal right there in their office -- you sign the loan docs and your check for the down payment, they provide the payment in full, and the seller signs the title right there -- after which you get the keys on the spot and drive it to the auto license agency.











[no connection to edmunds except that i use them].
Reply:It depends on what kind of loan you are getting from the bank.





If you are getting a signature loan, the bank does not need any information on the truck.





If you are getting a loan that will be secured by the auto, the bank will have the get the information on the truck. They will want to see the vehichle to make sure it is in good shape.
Reply:They don't care about the car, it has nothing to do with the car. All they care about is making sure that you will be able to repay the loan.
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