Bank Loans for Imports - Defender Source
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  #1  
Old June 3rd, 2013, 09:27 AM
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thomas
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Bank Loans for Imports

Not sure if this is going to help anybody but I used this bank when I purchased my 110

https://www.lightstream.com/

They were called firstagain at the time. If anybody is importing a truck this might be the way to go.
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  #2  
Old June 3rd, 2013, 03:08 PM
whitelandy33
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Great loans that require no collateral. They just came back after a 4-5 year hiatus. Economy has rebounded.
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  #3  
Old June 3rd, 2013, 03:18 PM
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Quote:
Originally Posted by whitelandy33 View Post
Great loans that require no collateral. They just came back after a 4-5 year hiatus. Economy has rebounded.
You are correct. I pulled a 4 year loan with no collateral and I think the rate was 5 something percent. The hiatus was because they sold to these guys at the peak of the crisis. Repeat customers get preferential treatment (at least the ones in good standing)...
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  #4  
Old June 3rd, 2013, 03:26 PM
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Have used JJ Best in the past. They were always very friendly and helpful. No penalties for paying off early like other classic auto financiers. They also based "value" on market prices and not a blue book price. Very important for the Rovahs.

https://www.jjbest.com/default.aspx
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  #5  
Old June 3rd, 2013, 03:50 PM
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Quote:
Originally Posted by Fearnofish View Post
Have used JJ Best in the past. They were always very friendly and helpful. No penalties for paying off early like other classic auto financiers. They also based "value" on market prices and not a blue book price. Very important for the Rovahs.

https://www.jjbest.com/default.aspx
I had them "bid" on the job also. Both seemed like good companies.
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  #6  
Old June 8th, 2013, 02:15 PM
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Quote:
Originally Posted by tjfslaughter View Post
You are correct. I pulled a 4 year loan with no collateral and I think the rate was 5 something percent. The hiatus was because they sold to these guys at the peak of the crisis. Repeat customers get preferential treatment (at least the ones in good standing)...
Really? A four year unsecured loan for 5%. That is good.
Did they zap you with any loan origination or other BS fees?
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  #7  
Old June 8th, 2013, 02:29 PM
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Quote:
Originally Posted by GYM View Post

Really? A four year unsecured loan for 5%. That is good.
Did they zap you with any loan origination or other BS fees?
Nope, and no prepayment penalties.
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  #8  
Old June 9th, 2013, 03:24 AM
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Penfed credit union does up to 60 months at 1.74%. Age of vehicle does not matter, mileage just has to be under 100k
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  #9  
Old June 9th, 2013, 03:56 PM
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What prevents people from using these loans for say non collector cars
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  #10  
Old June 9th, 2013, 04:15 PM
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Nothing, as far as Penfed is concerned. They just need a VIN.
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  #11  
Old June 11th, 2013, 05:42 PM
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I appreciate you guys providing your thoughts on some options. I have been considering for the past few years about taking the Defender leap, and hope to sometime this Summer. I had contacted JJ Best last year when I was looking at a couple of trucks Stephen at Adventure Motor Cars in Birmingham, but was late on the draw and not quite finished with other projects around the house to make a serious move.

Light Stream seems to be the most attractive option if someone is looking for a lender. 2.99% under 50k and 2.59% over they said....

Hoping to track down a nice '97 Willow Green SW or '97 Beluga Black ST under 75,000ish miles or better.
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  #12  
Old June 11th, 2013, 06:39 PM
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Quote:
Originally Posted by sonoronos View Post
What prevents people from using these loans for say non collector cars
Nothing at all. I just had a good experience with them.
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