car loan question
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Re: car loan question
Originally Posted by wvusteve
sweet..will banks do 5 year loans for used vehicles? Or are they usually shorter?
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Re: car loan question
Originally Posted by ritz
I had a 5 year loan for my TA and Durango. They were both 01's. It might depend on pricing of the vehicle and year. The loan for my TA was 17,500 and the loan for my Durango was 13,800.
Looking at '00 BMW 3 Series Coupe, I hope they'd finance a 5-6 year old car for that long.
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Re: car loan question
I financed my TA in 04, so it was only 3 years old and I financed my Durango in 05, so it was only 4 years old.
It might depend on who you go through. My Durango is through NFCU. I heard if you get a loan through them and pay it like you're supposed too they'll loan you anything. I hope that's true because when I sell my Durango I'm gonna get a $5K personal loan.
It might depend on who you go through. My Durango is through NFCU. I heard if you get a loan through them and pay it like you're supposed too they'll loan you anything. I hope that's true because when I sell my Durango I'm gonna get a $5K personal loan.
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Re: car loan question
Originally Posted by wvusteve
Looking at '00 BMW 3 Series Coupe, I hope they'd finance a 5-6 year old car for that long.
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Re: car loan question
Originally Posted by wvusteve
If I were to get a loan from my bank for a used car, would I have to give them the the information of the specific car I want? Or can they just give me..like $10K to go out and get a car.
Also, how long does it usually take to walk into a bank and get a loan..same day, few days??
Also, how long does it usually take to walk into a bank and get a loan..same day, few days??
Signature Loan - Yes. Based on credit and job history. These typically have higher rates.
Automotive Loan - No. They use NADA values, and they need all the information on the car. Automotive loans are better because of lower rates.
My car is automotive at 4.99%.
Depending on the day you go and the Credit institution, you can possible get it in the same day.
Last edited by Black Z-24; Feb 3, 2006 at 01:59 PM.
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