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  #21  
Old January 20th, 2011, 01:14 PM
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thomas
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NAS+USAA=

ROW+USAA=

ROW+JJBest=
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  #22  
Old January 20th, 2011, 05:49 PM
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Quote:
Originally Posted by Grover View Post
Key Bank
Key seems to be limited in the states that they will service....had my 1st Defender with them...but the loan was originated in IL...
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  #23  
Old January 20th, 2011, 10:22 PM
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Well, I gave up today. All of the banks I tried in the Denver area would barely talk to me. Most places including a couple of the local CUs either gave me a 7 year or a 10 year limit. The one bank that would talk and I was extremely hopeful came back at the last second with some pretty ridiculous terms and rates. JJ Best said they would do it without question. I decided to give up on it for now. It was a good looking 1997 NAS AA Yellow with only 49k. I am really sad to let it go. Hope to find another soon. But the financing is just not working out the way I want.

Thanks to everyone who chimed it. This financial apocalypse sucks! No wonder our economy is still not good. People who have the mean to pay for a vehicle like this and you can't even get the back to talk to you even though it is being sold under book value.
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  #24  
Old January 20th, 2011, 10:24 PM
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Quote:
Originally Posted by dlane View Post
Well, I gave up today. All of the banks I tried in the Denver area would barely talk to me. Most places including a couple of the local CUs either gave me a 7 year or a 10 year limit. The one bank that would talk and I was extremely hopeful came back at the last second with some pretty ridiculous terms and rates. JJ Best said they would do it without question. I decided to give up on it for now. It was a good looking 1997 NAS AA Yellow with only 49k. I am really sad to let it go. Hope to find another soon. But the financing is just not working out the way I want.

Thanks to everyone who chimed it. This financial apocalypse sucks! No wonder our economy is still not good. People who have the mean to pay for a vehicle like this and you can't even get the back to talk to you even though it is being sold under book value.
So if JJ Best said they'd do it without a question, what was wrong with them?
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  #25  
Old January 20th, 2011, 10:28 PM
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Originally Posted by rmuller View Post
So if JJ Best said they'd do it without a question, what was wrong with them?
x2. I'm confused.
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  #26  
Old January 20th, 2011, 11:10 PM
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David Lane
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JJ Best rates were OK. Mostly I have decided to take the money that I am saving on not having my LR3 to pay off some bills. In a couple of months I will be in a better place and can easily do it. Another thing about the truck that worried me was it had not had the head gaskets replaced. I had heard from a few that it would most likely need them replace very soon. So, a few more months and maybe I can find something with a few maintenance things done.
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  #27  
Old January 20th, 2011, 11:32 PM
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headgaskets on a d90 aren't as regular of an occurrence as the newer trucks (like the discovery 2) .. just curious, what rate/length did jj best offer?
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  #28  
Old January 20th, 2011, 11:45 PM
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60 months, 9%, 10% down. But that was with out doing credit check and stuff.
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  #29  
Old January 21st, 2011, 09:49 AM
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Quote:
Originally Posted by dlane View Post
60 months, 9%, 10% down. But that was with out doing credit check and stuff.
Holy damn, thats insane. Personal lines of credit through my credit union for 60 mos. are at 6% for up to $20k.

I checked with Pen Fed and USAA out of curiousity and they will finance no matter the year but the amount given is based on Black Book (auction values) which is great for something like an NAS truck but not for anything else really.
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  #30  
Old January 21st, 2011, 02:07 PM
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Quote:
Originally Posted by Viggen View Post
I checked with Pen Fed and USAA out of curiousity and they will finance no matter the year but the amount given is based on Black Book (auction values) which is great for something like an NAS truck but not for anything else really.
Did PenFed give you any info on the terms they had or interest rates?
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  #31  
Old January 21st, 2011, 04:40 PM
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Matt S
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Originally Posted by tjfslaughter View Post
Correct. USAA won't touch it and insuring it for a decent amount as a daily driver is also difficult to insure with them.

I took a signature loan on mine from a company called www.firstagain.com I think they got burned in the bank crisis so they are not taking on new customers.
Correct

USAA will touch a NAS. Mine is financed through USAA. They used NADA for the loan value. Correct on insuring it. USAA will not do agreed value either.
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  #32  
Old January 25th, 2011, 09:16 AM
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Brandon Stanley
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I got racked but its better now

So I'm currently dealing with this and will caution you all to check and make sure the bean counters don't mess it up.

I got the loan at a 3.29% bought the vehicle and a 3 weeks later get a promissory note saying the actual rate is 9.25%. Not what I agreed on, I would have gone somewhere else or just paid for it.

The original 3.29% was on a used vehicle rate, based on a collectable/classic NADA value of $24,200 for a 94 D90.

When the loan was being reviewed someone saw it was a "1994 vehicle for more than it should." Brought up the used NADA value at about $4,000 and jacked it up to a tangible collateral rate...

So needless to say I was not happy.

I called them up they reviewed it and said it was tangible collateral, and then a very helpful representative looked on the classic/collectable CORRECT NADA value and fixed it.

So be warned most people don't believe a 1994 vehicle can be "collectable" and a lot of headaches will ensue...
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  #33  
Old January 27th, 2011, 03:04 PM
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David Lane
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Thanks for the cautionary tale Brandon. I have applied through PenFed and am hoping to hear today on the decision. So far, it has been more painful to deal with the paperwork. But, they have been very easy going when calling in to check on the status. Hey, does anyone live near Harrisburg, PA? I might want someone to go look at it to see about rust issues before I sign the paperwork.

Thanks!
Dave.
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  #34  
Old January 27th, 2011, 03:22 PM
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Quote:
Originally Posted by dlane View Post
Harrisburg, PA? I might want someone to go look at it to see about rust issues before I sign the paperwork.
Which truck is it?

------ Follow up post added January 27th, 2011 03:31 PM ------

This one?

http://usedcars.kbb.com/detail/cars/...&kbb_zip=17177
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  #35  
Old January 27th, 2011, 03:46 PM
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I highly suggest Trevor at Roverlab.com. He's local to Harrisburg and one of the best LR mechanics around. And he's a nice guy to boot.
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  #36  
Old January 27th, 2011, 09:50 PM
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Josh, that is the truck. I am waiting on the last piece of paper with the bank now. If this goes through, the work will be worth it, but damn if PenFed can keep paperwork together. I have had to fax stuff 2 and 3 times and make the phone calls to make sure that it gets in the file....
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  #37  
Old January 27th, 2011, 10:16 PM
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Dr. Gonzo
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I know the mortgage market has gone to hell, but have you considered using a home equity loan/line of credit for this?
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  #38  
Old January 28th, 2011, 10:54 AM
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Gary
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Originally Posted by founD90 View Post
I know the mortgage market has gone to hell, but have you considered using a home equity loan/line of credit for this?
Seriously? Financing short term obligations, (like cars) with long term debt?

The ponzi continues to grow.
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  #39  
Old January 28th, 2011, 11:59 AM
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Quote:
Originally Posted by dlane View Post
Josh, that is the truck. I am waiting on the last piece of paper with the bank now. If this goes through, the work will be worth it, but damn if PenFed can keep paperwork together. I have had to fax stuff 2 and 3 times and make the phone calls to make sure that it gets in the file....
Man, that is a red flag right there. If they are that unorganized at this stage, just wait until they screw something up in a year or so and YOU and to try and prove them wrong, good luck with that.

I would wait until you had the money(cash in hand), financing a car is not a smart move, on any level.
Being able to make a monthly payment does mean you can afford it... jusy sayin....

Good Luck!!
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  #40  
Old January 28th, 2011, 01:12 PM
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Quote:
Originally Posted by GYM View Post
Seriously? Financing short term obligations, (like cars) with long term debt?

The ponzi continues to grow.
Pretty sure I didn't suggest paying it off over 30 years, rolling it into another mortgage, or defaulting on it.

If he can't find a loan, want's a loan, and is diligent in making payments, money is money. And in this case, it's tax deductible.
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