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New Member
POINTBLANK
Posts: 4
Registered: ‎03-30-2012

LENDER RECOMMENDATION

Hello board,

 

Can anybody recommend any lenders that will allow a purchase of a 2005 vehicle?  I noticed from my research that most house hold names won't lend pass 2007.

Frequent Contributor
WhiteCollar
Posts: 309
Registered: ‎04-07-2012

Re: LENDER RECOMMENDATION

Try using a credit union. The APR will be high because its an older vehicle. 

New Member
POINTBLANK
Posts: 4
Registered: ‎03-30-2012

Re: LENDER RECOMMENDATION

okay thank you WhiteCollar

Established Contributor
bettercreditguy1
Posts: 688
Registered: ‎02-11-2012

Re: LENDER RECOMMENDATION

some lenders will loan on older vehicles. Your down payment will probably be 30% or more with a shorter repayment and higher APR.

Starting scores 01/ 02/2012 EQ 707 TU 733 EXP 735 (FAKO)
Updated scores 04/13/2014 EQ 792 TU 763 EXP 768 (Fico)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
New Member
POINTBLANK
Posts: 4
Registered: ‎03-30-2012

Re: LENDER RECOMMENDATION

Ok, thank you bettercreditguy1.

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