Sister lives in FL and her 2019 Toyota SE comes to term in February. The buyout is 17k and Carvana is offering 23k.
However, Carvana is unable to buyout from SETF. Can anyone help me? Also, she’s interested in a Hyundai Sonata SEL if anyone can help here as well!
She will need to purchase it from setf first if she wants to sell it to carvana.
Can she take a loan with SETF to finance and then turn around and sell to carvana or will it need it to be a personal loan?
She can take a used car loan on it. It’ll probably have to be bought out through a dealer though, so expect to pay sales tax and a dealer fee on top of the buy out amount. It may also take quite a while for the title to show up.
Check out Penfed for a loan if you decide to go that route. Quick and easy once you become a member.
Her local credit union or bank would work as well and rate shouldn’t matter as much as she would be selling as soon as the title arrives.