Not sure what you mean by private dealer. But most car dealer deal with banks who actually lend you the money to pay for a car, unless your talking about the 'buy her pay here' places which I don't recommend you use.
Some listings are from private dealers someone who used this site to sell there unwanted car...I would like to know how does the monthly payments work between buyer and seller I know how the process works with dealers
A private seller is not very likely to take payments. Those 'suggested monthly payments' are just estimated amounts based on car's asking price and an average APR. They have no bearing on any actual deal you make with a seller.
O ok... Is that definite or most likely?...
It's neither. It's to help people shopping for cars see what a potential payment amount MIGHT be, but has no bearing at all on the deal struck between a buyer and seller. Your credit history and down payment (and purchase amount) will have a big impact on your monthly installment. So only look at those suggested amounts displayed by this site as a very, very rough guide.
Private deals are full payment. Your bank can set up monthly payments for you.
They're full payments or I can have payments set up thru my bank if the seller agrees? Is that what you mean
Whatever you do, do not buy from a Buy-Here-Pay-Here loan shark!
Most dealers that offer financing give you a loan through a bank and your payments will be to the lending agency, NOT the car dealer with the exception of buy-here loan sharks that do their own lending at 30%!
Ok I won't thank you
OK, let's see if you get this. You check the car out once you get the info from the seller and agree to a sale price. Let's say $10K. Then go to your bank to get a loan for $10K. They will work out a monthly payment. example $10K for 3 years at 3% internet = $290.81 The bank will cut a check and hand it to you to give to the seller. Make sure you have their info and the car info with you. You then go to the notary with the car and seller to transfer the title, register a new license plate and pay sales tax on the purchase price. Don't forget to call your insurance before hand.
Search Shopping & Pricing Questions
Shopping & Pricing Experts