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  #1  
Old 05-31-2004, 12:31 PM
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528i 528i is offline
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Location: Seattle
 
Join Date: Apr 2004
Posts: 520
Mein Auto: ist schwarz
Auto Loans (Out of state, private seller)

I'm trying to buy a car out of state (San Francisco) and I have called essentially every major bank and credit union in my area in an attempt to get a loan. They have either said:

- We don't do that (out of state, private party) Or
- The seller must be present at the bank when signing

So, since the seller's schedule just won't let him do that, I'm stuck.

Does anyone know any good banks or credit unions that would loan to me for an out of state, private party purchase? Or, does anyone know of any good banks in the Bay Area that would give a loan to someone from Washington if I came down there?

What sucks is that my favorite credit union has already approved me of the full loan requested, and they didn't tell me the seller had to come up until after I was through with the process. So really, I have the money from that credit union, but I can't use it. Argh?

Suggestions? Comments?
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  #2  
Old 05-31-2004, 12:45 PM
e46Christian e46Christian is offline
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Try peoplefirst.com. I hear they're great.
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  #3  
Old 05-31-2004, 01:14 PM
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528i 528i is offline
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Location: Seattle
 
Join Date: Apr 2004
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Quote:
Originally Posted by e46Christian
Try peoplefirst.com. I hear they're great.
Yes, they are now Capital One.. I was planning on calling them tomorrow
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  #4  
Old 05-31-2004, 03:35 PM
LDV330i LDV330i is online now
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Location: Houston, TX
 
Join Date: May 2003
Posts: 6,113
Mein Auto: 2014 335i M-Sport EB
Have you tried your bank?. I once bought a car in the same state but 8 hours away. The guy needed my money to pay off his loan. My bank sent the check directly to his bank via FedEx and they released the title to my bank after the previous owner endorsed it.
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  #5  
Old 05-31-2004, 03:36 PM
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Melissa Melissa is offline
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Location: Near OBX
 
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Mein Auto: '07 530xiT
Have also bought autos and motorcycles using Peoplefirst.
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