Knowledgebase

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How do I get a loan to buy a second-hand car my friend is selling?

If you want to get a loan to buy a second hand car from a friend, the only option for you is to get a personal loan. Of course, this will mean that you have to get a loan equivalent to the monetary value of the car your friend is selling it for since you have to pay your friend up front or even when you agree to pay it by installment.