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

‎11-28-2012 01:30 PM

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.

(611 Views)
 
Regular Contributor
WhiteCollar
Posts: 228
Registered: ‎04-07-2012
Re: LENDER RECOMMENDATION

‎11-28-2012 03:45 PM

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

(586 Views)
 
POINTBLANK
New Member
POINTBLANK
Posts: 4
Registered: ‎03-30-2012
Re: LENDER RECOMMENDATION

‎11-28-2012 04:47 PM

okay thank you WhiteCollar

(570 Views)
 
Established Contributor
bettercreditguy1
Posts: 652
Registered: ‎02-11-2012
Re: LENDER RECOMMENDATION

‎11-29-2012 04:53 AM

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 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
(521 Views)
 
POINTBLANK
New Member
POINTBLANK
Posts: 4
Registered: ‎03-30-2012
Re: LENDER RECOMMENDATION

‎11-30-2012 03:03 AM

Ok, thank you bettercreditguy1.
(459 Views)