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  #21  
Old December 28th, 2015, 03:57 PM
jashof
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Jason Hoffman
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  #22  
Old December 28th, 2015, 03:58 PM
Chris Bronco
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When I bought my 85 ROW 110 in November I went through my credit Union. Had to have a certified appraisal done. The appraiser didn't have any problem justifying the price or finding comps. Once I did that the process was no problem and just like getting any other car loan. The appraisal also helped with getting full coverage insurance.
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  #23  
Old December 28th, 2015, 04:07 PM
whitelandy33
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Quote:
Originally Posted by galen216 View Post
I've used Lightstream for an auto loan for my wife's Volvo.

They will do an antique auto loan at 3-4% and ask nothing about the car make, model, etc...they have numerous types of loans for different things.
I recommend lightstream too. Non-colateral loans or unsecure loans I think is the correct term. As long as you have decent credit you will be fine.

I used them back when they were firstagain.com or something like that.
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  #24  
Old December 28th, 2015, 04:13 PM
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Quote:
Originally Posted by Chris Bronco View Post
When I bought my 85 ROW 110 in November I went through my credit Union. Had to have a certified appraisal done. The appraiser didn't have any problem justifying the price or finding comps. Once I did that the process was no problem and just like getting any other car loan. The appraisal also helped with getting full coverage insurance.


Whom did you use for insurance?
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  #25  
Old December 28th, 2015, 04:24 PM
Chris Bronco
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Originally Posted by xjahx View Post
Whom did you use for insurance?
American Collectors Insurance. They were one of the only companies that would provide full coverage. Had to be deemed a "collector" vehicle.
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  #26  
Old April 13th, 2016, 04:24 PM
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With Lightstream did you guys go the Classic Car route our the Used Vehicle route? Is one better / worse than the other?
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  #27  
Old April 13th, 2016, 04:34 PM
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I used the used vehicle route, but I was buying a Volvo for my wife. On an auto loan they don't even ask for the make/model so I would choose the option with the best interest rate.
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  #28  
Old April 13th, 2016, 07:59 PM
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Quote:
Originally Posted by galen216 View Post
I used the used vehicle route, but I was buying a Volvo for my wife. On an auto loan they don't even ask for the make/model so I would choose the option with the best interest rate.
Awesome thanks Galen
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  #29  
Old April 13th, 2016, 08:20 PM
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Quote:
Originally Posted by BlackField View Post
I sold an 84 D110 to a guy that financed it through USAA. I was shocked when he told me he financed it. He said they jotted down all the details and gave him what he asked for plus some extra cash for whatever. I guess "membership" has its privileges.
Pentagon Federal Credit Union will do the same. I just had an appraisal completed, and done.
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  #30  
Old April 13th, 2016, 08:57 PM
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When I bought mine I took out a loan against a car I own and a signature loan to get the rest of the money for mine. Just another option that exists. Hope this helps.
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  #31  
Old April 13th, 2016, 10:56 PM
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Aaron Norton
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I used Lightstream as well. Unsecured loan 3.5%. No questions asked about the vehicle. A very quick and easy process
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  #32  
Old April 14th, 2016, 12:55 AM
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I looked at LightStream, but ended up going wht local credit union with a 1.89% rate.
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  #33  
Old April 14th, 2016, 08:08 AM
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Quote:
Originally Posted by lithium1330 View Post
I looked at LightStream, but ended up going wht local credit union with a 1.89% rate.
Wow, with a rate like that I may not pay cash for my next one. What did your credit union want from you in terms of vehicle info?
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  #34  
Old April 14th, 2016, 08:17 AM
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Quote:
Originally Posted by Surf90 View Post
With Lightstream did you guys go the Classic Car route our the Used Vehicle route? Is one better / worse than the other?
What did you buy this time?
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I am talking purely from an aesthetics standpoint.
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  #35  
Old April 14th, 2016, 08:24 AM
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Would have thought local banks are a good way to go. Another approach is to fund it using your home equity loan. IMHO everyone should have one of those open on a just in case basis.
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  #36  
Old April 14th, 2016, 08:33 AM
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Quote:
Originally Posted by Rocky View Post
Would have thought local banks are a good way to go. Another approach is to fund it using your home equity loan. IMHO everyone should have one of those open on a just in case basis.
Agreed, and sometimes an investment secured LOC (not Margin) rate can be even better than the HELOC.
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  #37  
Old April 14th, 2016, 09:04 AM
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Quote:
Originally Posted by CJ's FJ View Post
Wow, with a rate like that I may not pay cash for my next one. What did your credit union want from you in terms of vehicle info?
I'd done the same years ago although my rate wasn't quite that low for a used vehicle. Usually just the typical stuff: VIN, proof of full insurance coverage within a few days after purchase, asset in their name until fully paid, etc. They'll usually have incentives for the mixture of % down, loan term, etc. that they desire most for your given credit score.
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I am talking purely from an aesthetics standpoint.
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  #38  
Old April 14th, 2016, 11:22 AM
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Quote:
Originally Posted by CJ's FJ View Post
Wow, with a rate like that I may not pay cash for my next one. What did your credit union want from you in terms of vehicle info?
This CU treated the purchase like other used cars, with 10yo+ car is listed in the CPI (cars of particular interest). So, you're unlikely to get a loan for a 15yo Honda Civic, but yes to a Defender. 80% LTV, VIN, and usual used car loan application.
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  #39  
Old April 17th, 2016, 03:17 PM
jashof
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Jason Hoffman
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USAA took care of me as well. 110% financing. There were two keys to success. When they ask "is this US spec," for ROW vehicles, you have to answer that it complies with NTSA and DOT requirements for vehicles of its year of manufacture for use on US roads (it does, by 25 year exception). Also, for valuation, they only have 92-97 in their database and no diesels. So get an appraisal and ask them to value it on that basis.

Service has its privileges!
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