<prompt> Human: Hi Guys,Im buying a car from a private seller and the guy wants me to take a loan with my bank so the title can be tracked and registered with my bank.I was planning to pay cash and just meet at his bank to pay off the loan.If I take an auto loan with my bank will it effect my credit? What should I know? Any help is appreciated. Thanks.  <response>: this makes zero sense. You dont need a loan. You can meet at his bank, pay off the loan, and then the title will be released.Any loan you take will have fees tied to it and will cost you more than the purchase price of the car. 