Theres this car for sale down the street for 5000.00 can i get a loan to get it and pay a bank payment or can you only get car loans through a dealer?
Yes, if you meet the credit and debt/income requirements of the lender and the car is worth at least $5,000, you should have no problem.
Unless it is a ‘buy here, pay here’ lot, the dealer will go through a bank to get you approved, anyways. I suggest you do the legwork on your own. You can usually find a better rate than the dealer if you have decent credit.
Also, if you have decent credit, I would stay away from ‘buy here pay here’ lots. When they do their own financing, the APR is usually outrageous (20+%) and they make you pay every 2 weeks.