Best Private-Party Auto Loans
When you buy a car directly from its owner, you may need a private-party auto loan.




Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Private-party auto loans are used specifically to finance the purchase of a car from an individual, such as a family member or owner on sites like Facebook Marketplace or Craigslist.
You can find a private-party auto loan at banks, credit unions and online lenders, but you may have to shop around since not all lenders offer them. In fact, in recent years, several large lenders have stopped offering private-party loans.
To save you some time, NerdWallet has identified these top lenders where you can apply for a private auto loan.
Why trust NerdWallet
- 45+ auto loan products reviewed and rated by our team of experts.
- 30+ years of combined experience covering financial topics.
- Objective, comprehensive star rating system assessing 4 categories and 60+ data points across direct lenders and aggregators.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
- 45+ auto loan products reviewed and rated by our team of experts.
- 30+ years of combined experience covering financial topics.
- Objective, comprehensive star rating system assessing 4 categories and 60+ data points across direct lenders and aggregators.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Best Private-Party Auto Loans
Lender | NerdWallet Rating | Est. APR | Loan amount | Min. credit score | Learn more |
---|---|---|---|---|---|
LightStream - Used car purchase loan See Offers on LightStream's website | Best for transparency and good credit 4.5 /5Rate discount No origination fee | 6.49-15.29% | $5,000-$100,000 | 660 | See Offers on LightStream's website |
MyAutoloan - Used car purchase loan See Offers on MyAutoloan's website | 4.0 /5Soft credit check Rate discount | 6.74-35.04% | $8,000-$100,000 | 600 | See Offers on MyAutoloan's website |
Alliant Credit Union – Used car purchase loan See Offers on Alliant Credit Union's website | Best for affordability and flexibility 4.0 /5Rate discount No origination fee | 5.86-26.25% | No min.-No max. | Did not disclose | See Offers on Alliant Credit Union's website |
Our pick for
Private-party loans with a direct lender
Direct lenders are banks, credit unions and other companies that work directly with a borrower to make and service loans. We evaluate them using different criteria than aggregators.
6.49-15.29%
$5,000-$100,000
660
Our pick for
Private-party loans through an aggregator
Aggregators connect prospective borrowers with a network of auto lenders, usually resulting in more than one loan offer. We evaluate them using different criteria than direct lenders.
6.74-35.04%
$8,000-$100,000
600
Want to compare more options? Here are our other top picks:
How does a private-party auto loan work?
Buying from a private seller can be more time-consuming
Private-party auto loans tend to have higher interest rates
Lender requirements can differ for a private auto loan
You may need to know the exact car you’re buying
How to apply for a private-party auto loan
- Vehicle identification number (VIN).
- Car year, make, model and mileage.
- Copy of the vehicle registration and title or title status.
- If the current owner has an outstanding loan balance on the car, written documentation of the pay-off amount from the previous lender.
- A bill of sale listing the details of the purchase, sale price, date of sale and names/addresses of the buyer and seller. (This differs by state, so check with your local DMV.)
If you can’t find a private-party auto loan
Last updated on August 19, 2025
Methodology
NerdWallet's Best Private-Party Auto Loans
- LightStream - Used car purchase loan: Best for Private-party loans with a direct lender
- MyAutoloan - Used car purchase loan: Best for Private-party loans through an aggregator
- Alliant Credit Union – Used car purchase loan: Best for Private-party loans with a direct lender
- PenFed Credit Union - Used car purchase loan: Best for Private-party loans with a direct lender
- Digital Federal Credit Union - Used car purchase loan: Best for Private-party loans with a direct lender
- Navy Federal Credit Union - Used car purchase loan: Best for Private-party loans with a direct lender