Originally Posted by wvusteve
If I were to get a loan from my bank for a used car, would I have to give them the the information of the specific car I want? Or can they just give me..like $10K to go out and get a car.
Also, how long does it usually take to walk into a bank and get a loan..same day, few days??
the way my bank does it is ...they need the make, model, year, trim package and anything extra on the car. they need the vin, then they give you the book value on it. now if the guy selling the car is asking what the car is worth or less then no problem.then they'll either approve you or deny you based on credit and income). then the bank will ask for a copy of the title front and back ( my bank ask for copy of registration, and a copy o fa bill of sale) then you go in sign your life away for 5 years and get a check.