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Private Party financing

SoCalTezla

Member
Aug 5, 2019
38
10
Irvine, CA
I'm buying a MX in a different state - Can anyone refer a bank that will finance a private party sale out of state? I'm in CA, the car is in AZ.

First time doing this - not sure how I pay the seller?

Does anyone have any experience with this?

Thanks.
 

Qbenjamin

Frugal But Classy!
Jan 7, 2017
1,160
744
Bravos
The bank shouldn't care what state the seller is in. More than likely the car will be financed on the sellers end and if so, you'll need the loan account # and payoff amount through the purchase date (overpay this amount by about $10 just in case the transaction isn't completed on that day). If possible, try to do this part in-person and early in the day so the transaction can completely go through. Ultimately, don't pay the money for the car until you can drive away with it. Make sure that you have a bill of sale as well.
 
Mar 28, 2020
28
34
FL
I highly recommend DCU. They are based in MA but do plenty of business financing Tesla owners (well known by finance folks in Fremont!). Took delivery last week and was amazed how efficient and effective they were throughout the process. Plus they have the best rate out there. 2.24% [36 - 65 months] with top credit for any electric vehicle!

Btw - Your location is irrelevant state wise as long as you're within the US.
 

dmurphy

Supporting Member
Supporting Member
Dec 7, 2018
3,906
5,525
New Jersey - Morris County
I highly recommend DCU. They are based in MA but do plenty of business financing Tesla owners (well known by finance folks in Fremont!). Took delivery last week and was amazed how efficient and effective they were throughout the process. Plus they have the best rate out there. 2.24% [36 - 65 months] with top credit for any electric vehicle!

Btw - Your location is irrelevant state wise as long as you're within the US.

Agreed! Can't speak highly enough of DCU ... they also hold my mortgage - really great outfit to work with!
 
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