- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Trying to get a loan for an 07 truck
Posted on 9/14/14 at 3:29 pm
Posted on 9/14/14 at 3:29 pm
I'm having trouble finding a loan for more than 30 months an on 07. Will I be able to find one? Or do they pretty much not exist outside of a dealership?
6
Posted on 9/14/14 at 3:35 pm to HottyToddy7
Age of the vehicle plays a large part in the length of the loan.
Posted on 9/14/14 at 3:47 pm to VABuckeye
I understand that. But there has to be a market for high end used vehicles that are 5+ years old.
Posted on 9/14/14 at 4:19 pm to HottyToddy7
quote:
high end used vehicles
quote:
truck
Not computing.
Posted on 9/14/14 at 4:46 pm to VABuckeye
I guess my question is that vehicles that are $40,000+ new, when they are 5+ years old, is it almost impossible to sell? Is trade in the only option due to the restrictions on availability of loans on vehicles that old?
Posted on 9/14/14 at 5:51 pm to HottyToddy7
I ended up getting a loan through Chase for my 2007 Xterra.
Posted on 9/14/14 at 6:42 pm to HottyToddy7
Based off of your OP, it seems the problem isn't getting a loan for it....but that you want a long term finance for it.
For an 7 year old vehicle.
For an 7 year old vehicle.
Posted on 9/14/14 at 6:45 pm to HottyToddy7
Check out pen fed
Posted on 9/14/14 at 6:50 pm to Volvagia
What pissed me off the most when I was trying to get a loan was limits. I wanted to get a 5k car with 2k down, and they wouldn't do it. I ended up having to buy a more expensive car then I wanted :(
Posted on 9/14/14 at 7:39 pm to Jcorye1
It's mainly about risk. If you default on a loan then the bank has to send that car to auction. The amount the bank can make on the Liam to the risk of the loan isn't always worth the business.
Posted on 9/15/14 at 7:17 am to HottyToddy7
Try a credit union. I was able to get a 5 yr loan for a used vehicle.
Posted on 9/15/14 at 7:46 am to onelochevy
quote:
I was able to get a 5 yr loan for a used vehicle.
Was the used vehicle almost 8 model years old when you got the loan?
Posted on 9/15/14 at 7:46 am to HottyToddy7
When you said high end I was thinking 100k+ vehicle. Every other car on a lot now cost $40k
Posted on 9/15/14 at 9:32 am to VABuckeye
quote:
Was the used vehicle almost 8 model years old when you got the loan?
Yep. 2005 model. 1.9% interest rate on the loan.
This post was edited on 9/16/14 at 11:36 am
Posted on 9/16/14 at 9:22 am to HottyToddy7
Check out some credit unions. My credit union has tiered rates depending on age of the vehicle but a 2007 is no problem for them. You could still get 4% money with a 720+ credit score.
Posted on 9/16/14 at 9:36 am to ConfusedHawgInMO
quote:
Check out some credit unions.
the only answer..
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News