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Registered
Join Date: Aug 1999
Location: Denver, NC
Posts: 1,391
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Used Car Loan
Who is out there for Used Car loans.
I know about Capital One. But there was another company that was backed by BMW but forgot the name and can not find them ? My son needs to Buy a truck. Any one have a 4X4 2500 or 250 Long Bed for sale. 10K or Less
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05-19-2009, 08:18 AM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,786
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Capital One no longer finances private party used cars, has to be from an approved dealership. Sort of a bummer as I thought that was a cool program, but I guess it's a sign of the times.
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S |
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05-19-2009, 08:23 AM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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Personal loan secured with the car as collateral.
Co sign if it will help.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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05-19-2009, 08:41 AM
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Registered
Join Date: Aug 1999
Location: Denver, NC
Posts: 1,391
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I found it .....
http://www.up2drive.com/ ©2009 up2drive, a division of BMW Bank of North America. Would rather deal with them than Capital One
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05-19-2009, 09:15 AM
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Custom User Title
Join Date: Oct 2002
Location: Miami
Posts: 4,294
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Check out local credit unions. I've been in the same boat as you for awhile now (I've been taking FOREVER getting a car). Best rates I've found are at a credit union down here. All I had to do was be living in this county. Current new car rate is at 4.49%.
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05-19-2009, 09:29 AM
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Credit unions are great. I've probably had eight or so from mine, always do it all over the phone, get approved, have the check overnighted somewhere.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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05-19-2009, 09:52 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Yep, credit union. I belong to two. The one at work will finance any vehicle, new or used for 4.25%. They will pay up to blue book value on most, but will accept an appraisal (that you pay for) if you are getting something "special".
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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05-19-2009, 10:30 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,678
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+ for CU's.
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05-19-2009, 11:51 AM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,786
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Thought I would drag this one back up... I am now considering getting a "newer" P-car (keeping an eye out for a 993) and finding financing would be nice. The problem is that I cannot find anyone (including the 5 credit unions I have contacted so far) who will finance a car older than model year 2002. Plenty of CUs and the up2drive folks mentioned above will finance me for a used Cayman, but no love on the air cooled era. The newer P-car is by no means a necessity, but if I could get reasonable financing it would surely make for a fun summer! Any leads on specific credit unions etc?
I guess I should have been irresponsible with credit back when I had the chance 
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S |
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06-17-2009, 09:33 AM
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Keep looking for a credit union. Isn't Digital CU in your area? They financed my 2003 330i for the guy who bought it from me. I got a loan on my '83 SC about four yrs. ago from my CU.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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06-17-2009, 09:36 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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No credit union through your employer? Those usually have the most lenient terms.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-17-2009, 09:39 AM
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I've used State Farm bank in the past....they offered low rates with good terms. I insure all of my cars through SF, so it worked out nicely.
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-mike |
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06-17-2009, 09:50 AM
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Registered
Join Date: Sep 2003
Location: Vermont
Posts: 1,199
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Grant - try Haggerty, they still have their link up on the site for classic /exotic financing.
http://www.hagerty.com/Finance/finance_index.aspx Good luck with the search! |
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06-17-2009, 09:56 AM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,786
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Hi guys,
thanks for the responses! My company does not have a credit union. I tried DCU, but they won't finance anything older than 1999. State farm says they generally will not finance before 1999, but that they handle older cars on a "case by case" basis, so I will follow up with them. Haggerty rejected the car (the one I put on the application was a 1995 911C4 with 71k and I was looking to finance $17,500) because the car was "not eligible." I guess not exotic/classic enough? I'll follow up today with Haggerty and State Farm to see what the deal is and let you guys know. Thanks again for the suggestions!
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S |
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06-18-2009, 04:56 AM
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JOT MON ABBR OTH
Join Date: Feb 2001
Location: USA
Posts: 3,238
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Try asking local credit unions the requirements to join. Many only have residency requirements. Ya never know...
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David '83 SC Targa (sold  ) MANLY babyblue honda '00 F250 7.3L (MINE!)'15 F250 Gas (Her Baby) '95 993 (sold )I don't take scalps. I'm civilized like white man now, I shoot man in back. |
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06-18-2009, 05:37 AM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,786
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Quote:
Also just got the official brush off from State Farm, but not because of the year of manufacture: they say they won't accept new business in Massachusetts. Maybe this is my cue to just keep saving and buy a car for cash like a responsible adult... (whine)but I want my 993 NOW(/whine) 
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S Last edited by Tishabet; 06-18-2009 at 06:06 AM.. |
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06-18-2009, 06:02 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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Just get a personal loan.
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06-18-2009, 06:43 AM
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Registered
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The local golden one credit union was offering 3.99% APR car loans just recently.
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991.1 RS - Lava Orange 991.1 GT3 - Sapphire Blue - gone 997.2 GT3 - Guards Red - gone 996 GT3 4 Liter - Basalt Black - gone |
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06-18-2009, 09:38 PM
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Only Porsche
Only bike
1986 Porsche 944 2.5 l 8v I-4
