PDA

View Full Version : Car loan



joe28443
09-27-2015, 06:03 AM
I am looking at buying a 68 Camaro, I am curious of the types of banks you borrow from that will loan 20k on 40+ year old car

BigRedSS
09-27-2015, 06:23 AM
I used Pentagon Federal Credit Union a few years ago. Was able to get a longer term loan at a really good rate (2.9% IIRC). They did require that I had to have a credit score of 750 or above to secure the loan.

Build-It-Break-It
09-27-2015, 06:32 AM
Most credit unions will give you a personal loan depending on credit score, income to debt etc.

joe28443
09-27-2015, 06:38 AM
My personal loan at my bank credit union is 7.75 and a used car loan is 4.75 for 60 months, curious what was out there . I am looking into lightsream which is a branch of suntrust. 72 months for 3.49-4.49, depending on credit which is excellent

ccmc
09-28-2015, 11:47 AM
JJ best banc and co. I bought my 69 Camaro using them to finance a portion of the purchase price. They then sold it to commerce bank and trust. Decent rates too.

Rick

joe28443
09-28-2015, 01:11 PM
I am thinking of growing with lightstream, I can have my money in 2 days 60 month @ 1.99 APR. best thing is they give you the money that way you go home with the title when you buy it

alocker
09-28-2015, 01:36 PM
My local credit union gave me one for my 68 Impala at 1.99%. The only drawback was they needed an appraisal but was well worth it.

joe28443
10-01-2015, 05:01 AM
Any body used lightstream that is advertised here and on the web? On a different note, the guy I am buying it from called me and told me there is a noise in the engine. So he got the go ahead from the owner to tear it apart and start over on his dime. So looks as if I am getting a fresh engine. My wife drove it the other day and could not stop smiling. She had never been in a classic car before.

xavier296
10-05-2015, 03:41 PM
I used lightstream to buy my 68 camaro. Sent them pictures of the car to justify. Borrowed 22k, paid the balance. Super easy transaction. I will use them again for sure.