Private Party Auto Loans

The essentials:

• The dollar amount that you would like to borrow
• One form of photo ID (driver's license, state-issued ID or U.S. passport)
• Current address and previous, if less than two years
• Current employer and previous, if less than two years
• Previous address, if at current address less than two years
• Previous employer, if with current employer less than two years
• Your annual income and any other income to be considered

If you are applying with a co-applicant, you will need their:

• Current address and previous, if less than two years
• Current employer and previous, if less than two years
• Annual income and any other income to be considered

If you are purchasing a vehicle from a private seller you will need:

• Vehicle selling price, year, make and model
• Vehicle trade in value, year, make and model
• Down payment, if any
• VIN number of vehicle to be purchased

If there is a current loan on the vehicle:

• The seller will need to attend the closing to sign the paperwork for PNC to pay off their prior lender

Prior to Applying for the Auto Loan:

You will need to obtain the actual purchase price of the vehicle.  At that point, you may want to contact your state Department of Motor Vehicle or comparable agency for additional information around where to go to complete the title transfer, fees, and taxes, and additional information required by your state to complete the title transfer. You are responsible for paying these expenses. You may want to consider including these fees and/or taxes into the requested loan amount.

Upon closing the auto loan, responsibility falls on you and the seller to make the changes to the title. Title could be sent to PNC Bank from prior lienholder. If that happens, you will be contacted by a representative from PNC Bank. They will send the title and all paperwork from prior lienholder to you to get the transfer completed. Additionally, all fees and taxes incurred during this transaction is your responsibility to pay. PNC Bank is not responsible to pay or reimburse you for those fees or taxes. 

Additional items may be required: Clean Title, State Department of Motor Vehicle form, Odometer Reading, Proof of Insurance, Notarized Bill of Sale, Copy of Driver's License, Power of Attorney Form, etc. Each state's requirements may differ, recommend contacting your state Department of Motor Vehicle for what is required.

Steps when transferring ownership of title: 

1. You need to be listed as a registered owner on the vehicle title.
2. Have PNC Bank be listed as lienholder on the title.

More information about private vehicle title loans

The SCRA provides financial relief and protections to eligible servicemembers and their dependents. PNC is grateful for your service and we would like to help you understand your benefits and protections under SCRA as well as other similar benefits that PNC may be able to provide to you.

To find out more, please contact us at:

Phone: 844-PNC-SCRA (844-762-7272)

Fax: 855-568-4532

Email: Servicemembers@pnc.com

PNC Bank
Servicemembers Operations Center, BR-YB58-01-U
PO Box 5570
Cleveland, OH 44101-0570