I pay cash for all my cars, but you are going to be hardpressed to find a place that will loan you any money for a car that have 100k or more on it. Your best bet is to just save up and buy in cash

 

No you get a personal loan, or a line of credit enough for amount of car, or if you have any equity in your home you can do that too.

 

Alaska USA Federal Credit Union. https://www.alaskausa.org/

I was going to go through BECU but it turned out they would do 100% financing for me and at 1/2 a point less.

I don't know about the rest of you, but I can't get a LOC with a rate anywhere near an auto loan rate.

 

My credit union (WSECU) has never cared about the mileage on any cars I've borrowed money for. The silver 1994 hardtop I owned several years ago came with about 109k miles on it at the time I purchased it.

 

welcome to our lovely economy and the new restrictions on lending. Its a whole new game out there with new rules. Steve bought his car "several years ago" so he might have been able to get around it. Now days. G'luck.

 

Good point REG...I haven't tried to get a loan in a while.

 

I got a loan for my little NA (only 9k) but it had 162k miles on it. Got it from NW Preferred Credit Union. That was 3 months ago or so.

 

i ask my DADDY

 

cars


Dick... :tongue:

Mileage didn't seem to affect USAA's ability to give me a loan for my '94 TT in DEC'08. Check around some more. The interest rate may suck though.

I paid: cash down payment, credit card, and car loan to get mine. However, I had 2 other cars I unloaded that enabled me to pay off my credit card in one month, and recoup 70% of the cash down payment I made.

 

You can get approved, they usually just require about 15-20% down and then limit the term to 48mo no more.

 

https://www.watermarkcu.org/

 

most credit unions will help you out with this type of loan

 

My girlfriend went to summit credit union and got approved for a loan for a 160K mile SC300.

 

My bro ended up picking up a 01' IS3 at Chaplins for $8,800 with 104k miles.
They were asking 11,800.
Financing took 5minutes. Dealerships always have a way...

 

sweet, now we can end this thread

 

When you go to buy a car, a lot of dealers want you to buy on your first visit. This prevents you from checking the prices everywhere else. Luckily, a site I came across can help you compare costs and do your research before going to the car dealership. You even can get pre-approved on an auto loan before you head out. Your search is over, everything that you need is at CarDealExpert.com!

 

I think you're about 4 years late to the party samday...

 

Epic old thread bump indeed! :lol: