Buying a car from a private seller? Consider a private party auto loan. All you need is your laptop or your phone to pre-qualify.
We need to know a bit more about you to give you a pre-approved loan offer.
You'll be contacted to discuss your application including required documents, rates, terms and lenders
Once approved all you need to do next is sign and drive away in your new car. Funds are paid by a trusted brand directly to the seller.
What it is a private party auto loan?
A private-party auto loan is one way to get the cash you need to buy a vehicle from a private seller.
How do private party auto loans work?
You must select the car you want to buy before applying for financing. If approved, the lender pays the seller the amount negotiated, then you repay the lender, with interest, over the term of the loan.
I want to finance a vehicle in the CarBerri Marketplace. How do I pre-qualify?
Simply open CarBerri on your web browser, select the car you want to finance in the CarBerri marketplace, tap “Apply for Financing”. CarBerri will ask you answer a few questions. A team member reviews your application to instantly pre-qualify you for financing.
Does CarBerri offer financing if you choose to purchase elsewhere?
Once you are approved for a CarBerri loan, you can finance any car that displays a monthly payment option in our marketplace. If you don't see a car you like, you can shop places like Craigslist, Autotrader and Kijiji, and ask the seller to list their car for sale on CarBerri. Currently, you can not use your CarBerri loan at a dealership.
Does pre-qualification impact my credit?
During the pre-qualification process, a CarBerri team member will review your application. This has no impact on your credit, but will let you know what your buying power is.