USAA or Navy Federal as well
USAA will loan up to 120% of BLACK BOOK VALUE which always leaves money for mods after purchase
USAA will loan up to 120% of BLACK BOOK VALUE which always leaves money for mods after purchase
I know this is off topic, but since Haggerty was mentioned....where do you guys insure your cars - for the ones that don't drive much etc? Last 04 I had, I was able to go through Haggerty or someone and get full coverage for 'driven less than 3000 miles per year' for like $120 a year. So the one I have now, I just bought, arranged for shipping then checked into insurance. Called several of these places to be told it wasn't old enough blah blah. So I called Geico who I'm with and as soon as I told them it had different exhaust even, they told me it was modified and they wouldn't cover. Of course they told me they had a collectible area too, but when transferred, my car wasn't old enough. So, I ended up calling back to Geico again and just saying it was stock to get covered. With telling them less than 3k per year, I still pay around $100/mo, no tickets and I'm 48 with like 5 other cars....WTF
What was your credit score if you don't mind me asking? I'm trying get a loan as well for I can get my first cobra. And I'm planning on going to my local credit union. Thanks!I just purchased my 03 Cobra 2 months ago and my credit union gave me a 2.25 percent interest rate for 72 months and don't have to make my first payment until the 3rd month. I drove 26 hours round trip for my car and was worth it. Got a great price on a 18k mile 03 cobra...
Damn you guys are lucky... My credit score last pull was over 800... And two credit unions wouldn't finance the car, and a large chain bank wouldn't either.
Some guys have all the luck lol
I went with Navy Fed as well. The funny part was the girl was really surprised at what the car was valued at. And according to my buddy she was hitting on me. I didn't care though. I just wanted my money so I could get my car.
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Damn you guys are lucky... My credit score last pull was over 800... And two credit unions wouldn't finance the car, and a large chain bank wouldn't either.
Some guys have all the luck lol
You have to go with a creit union or bank that you have used previous. In the last 4 years I've paid off two cars with Navy Fed. They valied the car at Around $19k so they said the loan to value was too high, but I explained to them what exactly the car is. If youir credit score is over 800 with recent vehicle credit and a solid income, you should have no issue. You should be able to walk into any bank and get a loan.
If you are military or ex military, look no further than USAA! They have financed all of my non-cash cars. I paid cash for my last Terminator, but I temporarily financed my 2000 Cobra R in the Fall of ‘16 with them. They financed the entire purchase price, which is waaay more than a Terminator and the rate was somewhere in the 2% range. The loan process is quick/easy and they send a check right away. I’ve got nothing but good things to say about them.
I think it's more the bank than anything... I've used this credit union since I was 16 and had my first motorcycle loan. Credit score over 800, 70k a year and still no dice. Simply see the car valued far lower than asking price. I know better, but there program doesn't. The other thing I'm blown away by, is the interest rates you all see with credit unions lol I have never had a loan through my local CU lower than 3%. Gah... My ass hurts reading your comments! Lmao
And by no means am I bragging. I'm high 700's with income in the upper $40's