Owner financing: What it is and how it works
The seller playing lender can help buyers. But there are risks on both sides.
Allison Martin is a contributor to Bankrate covering personal finance, including mortgages, auto loans and small business loans. Martin’s work began over 10 years ago as a digital content strategist, and she’s since been published in several leading outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. Martin, a Certified Financial Education Instructor (CFE), also shares her passion for financial literacy and entrepreneurship with others through interactive workshops and programs.
The seller playing lender can help buyers. But there are risks on both sides.
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Ally is a direct lender that offers a streamlined digital auto financing experience for individuals looking to refinance their current vehicle or buy out their lease.
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Rates, fees, terms and other important details aren't available until you prequalify - but it may be worth the time.