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: 758
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(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


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.