Trying to buy a used 93 RX7....help!
06-10-02, 03:12 PM
#1
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Trying to buy a used 93 RX7....help!
i have gone through about every bank around where i live and no one will finance the 93 RX7 i am trying to get a loan for, they all say the car is too old. Do you guys know of anywhere i could get a loan that would be able to finance me for this 93 RX7?????Please help...
06-10-02, 03:28 PM
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they are gonna screw you anyway. Most use a special blue book for "special interest autos" which is what our aging FD falls under...and a good condition 93 values at 11.4K to them....as if there are a bunch of nice Fds with no problems for a measly 11.4...
06-10-02, 03:59 PM
#6
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My father just was approved a loan (60 months, 6.5% interest) of $13.5k to purchase a 93 R1. I was pretty damn surprised--5 yrs for a ten year old car. It is through Pentagon Federal Credit Union--I think you have to be active/retired military to be a member, but you might want to do a search for their website and check them out.
take it easy--
take it easy--
06-10-02, 04:13 PM
#7
I got my loan through www.PeopleFirst.com last year. They will loan up to www.kbb.com retail. This should be good enough to get a 93 in good condition. Last year they would loan me $17,400 for a 93 R1 with up to a 60 month loan.
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06-10-02, 04:17 PM
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I ended up having to go with a Personal loan from my bank. Most other loans didn't apply because of the age.
I tried a couple of credit unions and they quoted me ridiculous interest rates..
PeopleFirst.com will give you a loan for a '93 if you can get approved.
I tried a couple of credit unions and they quoted me ridiculous interest rates..
PeopleFirst.com will give you a loan for a '93 if you can get approved.
06-10-02, 07:23 PM
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I hope it was a short term loan. Paying that much interest over an extended period of time is beyond overkill!
How come you had to pay that bad a rate? Even with lousy credit I would think it would peek around 15%?
How come you had to pay that bad a rate? Even with lousy credit I would think it would peek around 15%?
06-11-02, 10:26 PM
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I have good credit, but I'm kinda young (23) and don't have enough established credit to get a loan thru peoplefirst.com. I was pretty pissed, since my credit is actually really good.
For my RX7, I ended up getting a loan thru the dealership (Toyota Finance) for like 10%. Then I paid it off with a combination of 0% introductory credit cards till May 2003, and 7.9% on my GM Card. I guess it all worked out in the end.
For my RX7, I ended up getting a loan thru the dealership (Toyota Finance) for like 10%. Then I paid it off with a combination of 0% introductory credit cards till May 2003, and 7.9% on my GM Card. I guess it all worked out in the end.
07-22-02, 03:12 PM
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anyone ever try lendingtree.com for an auto loan? sory to revive this thread, but I found the exact car that I want, for 13,900. and I need to see who will give me a loan for that much for a 93 manual touring with 100k miles.
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