Toronto, Ontario -- (SBWIRE) -- 10/07/2013 -- TREND Financial is pleased to announce its new Private Party Car Loan Financing. Geared to providing consumers with car loan financing for private sale transactions, by its new funding program, TREND Financial has opened up the used vehicle financing market. This new program provides consumers an opportunity to negotiate their private used car purchase and know that the funding is available.
A private party used car loan is utilized to finance vehicles purchased through private car sellers instead of a dealership. Most traditional lenders tend to stay away from this type of car loan lending. TREND Financial is committed to providing consumers with the best possible car loans financing options available. Private party car loan financing is a market that needs to be serviced according to COO Eric Kaplan.
"By providing the funding for private car sale transactions, the consumer has the ability to negotiate a better price with the owner directly, resulting in savings when it comes to the purchase price of a used vehicle."
Know More About Car Loans For Private Sales
TREND Financial has determined that this is a market that needs to be explored and is pleased to announce that it has developed a lending program to cater specifically to private sales of used vehicles. This new financing program, depending on the transaction, could save consumers a lot of money.
Notably, going with a private party loan provides consumers with a variety of options. With many banks, credit unions and financial institutions, steering away from private party car loan programs, TREND Financial's new program provides consumers with the option to find a vehicle that is not sold through a dealership, and have the ability to obtain financing to purchase the vehicle.
Private party car loans provide consumers with the negotiating advantage when purchasing a vehicle. Used car dealerships work towards selling a large amount of vehicles to consumers on a daily basis, versus a private sale that is a one to one experience. With a private party loan, consumers are typically dealing with the existing owner of the car so the information about the vehicle should be readily available. Consumers can therefore negotiate a price much easier with financing in hand by dealing with a specific person than dealing with a car dealership. They can easily determine if the seller is motivated or not. With financing in place, negotiating a good price is to the purchaser's advantage. TREND Financial's private party sales financing therefore empowers the consumer to get the best private car sale deal they can.
TREND Financial's success continues as a expert in providing consumers with car loans that don't fit within traditional lender criteria. Private party car loans financing is only one of many financing programs available to consumers. As one of the Canada's leading car loan lenders, TREND Financial offers a wider range of flexible car loans options. As an independent car loan lender and not a broker TREND Financial offers their clients a wider choice of car loan options at competitive rates.
About TREND Financial Car Loans
TREND Financial is an auto lender based in Toronto Canada that deals with all car loans from Bad Credit, Good Credit and No Credit. Trend utilizes a multi-tier approach to auto loan applications, more than conventional lenders, in order to offer the best loan rates and most affordable payments. As well its approach to auto lending does not focus solely on the loan applicant's credit score in using a different approach to qualify individuals based on all their financial strengths.
