Financing a 1985 D90 - Page 2 - Defender Source
Defender Source  

Go Back   Defender Source > Classifieds > For Sale - Vehicles


Reply
 
Thread Tools
  #21  
Old December 25th, 2013, 12:36 PM
jafir's Avatar
jafir
Status: Offline
Jafir Elkurd
Flaky Green 198something ex-mod 90
Member
 
Join Date: Jan 2013
Location: Centerton, AR
Posts: 1,580
Registry
I don't think anyone is bashing. I think we are trying to give sound advice.

Everyone will make up their own mind in the end, and that's fine. If I found a screaming deal on a NAS 110, I'd still have to finance it, and I'd strongly consider it if the deal was good enough. But in general I avoid financing any time I can.
Reply With Quote
Sponsored Links
Advertisement
 
  #22  
Old December 25th, 2013, 12:55 PM
javelinadave
Status: Offline
-
-
Member
 
Join Date: Sep 2003
Location: -
Posts: 5,394
This thread is pretty darn funny.
First a guy asks a legit question. Then a bunch of people weigh in with advise and assumptions.
Next a noob asks the same exact question again (when are the noobs gunna learn) and gets the same advise.
Then members start fighting and name calling among themselves. It's like being home for the holidays!
Ho Ho Ho!!!!!!!
Reply With Quote
  #23  
Old December 25th, 2013, 01:15 PM
mgreenspan's Avatar
mgreenspan
Status: Offline
Matthew Greenspan
Land Rovers
Member
 
Join Date: Nov 2008
Location: Nevada City
Posts: 1,719
Registry
Quote:
Originally Posted by javelinadave View Post
This thread is pretty darn funny.
First a guy asks a legit question. Then a bunch of people weigh in with advise and assumptions.
Next a noob asks the same exact question again (when are the noobs gunna learn) and gets the same advise.
Then members start fighting and name calling among themselves. It's like being home for the holidays!
Ho Ho Ho!!!!!!!
Very true. I am 99.99% certain USAA has given people zero issues with financing NAS vehicles in the past. I'd recommend them. Doubtful you'd get as good a rate as a new vehicle with them. I'm not sure on older vehicles that are ROW/UK spec.
__________________
Do not read the next sentence.

You little rebel, I like you.
Reply With Quote
Sponsored Links
Advertisement
 
  #24  
Old December 25th, 2013, 01:20 PM
jafir's Avatar
jafir
Status: Offline
Jafir Elkurd
Flaky Green 198something ex-mod 90
Member
 
Join Date: Jan 2013
Location: Centerton, AR
Posts: 1,580
Registry
Quote:
Originally Posted by mgreenspan View Post
Very true. I am 99.99% certain USAA has given people zero issues with financing NAS vehicles in the past. I'd recommend them. Doubtful you'd get as good a rate as a new vehicle with them. I'm not sure on older vehicles that are ROW/UK spec.
Many credit unions will loan on older vehicles. And most banks will loan on collectibles. I know some young kid that got a bank loan on a 1966 mustang fastback. They valued it at something crazy like $30,000. It wasn't original or restored.

I'd think NAS would count as a classic or collectable.
Reply With Quote
  #25  
Old December 25th, 2013, 05:02 PM
Jonesy's Avatar
Jonesy
Status: Online
Craig
87 D110 (Ruby)
Member
 
Join Date: Dec 2011
Location: Leesburg, VA
Posts: 4,445
Registry
Some CU's will offer rates of 2% for a used vehicle - it actually make a lot more sense if you can get above that in interest to not finance a $50K purchase - your cash is better off used elsewhere rather than in something that does not appreciate.

So all you would be cash buyers....shame on you....go finance and you will be better off investing the cash and using someone else's money.
__________________
"The difference between stupidity and genius, is that genius has its limits." - Albert Einstein
Reply With Quote
  #26  
Old December 25th, 2013, 05:09 PM
jafir's Avatar
jafir
Status: Offline
Jafir Elkurd
Flaky Green 198something ex-mod 90
Member
 
Join Date: Jan 2013
Location: Centerton, AR
Posts: 1,580
Registry
Quote:
Originally Posted by Jonesy View Post
Some CU's will offer rates of 2% for a used vehicle - it actually make a lot more sense if you can get above that in interest to not finance a $50K purchase - your cash is better off used elsewhere rather than in something that does not appreciate. So all you would be cash buyers....shame on you....go finance and you will be better off investing the cash and using someone else's money.
Well crap. This is actually makes all kinds of sense.

An S&P500 index fund gained 30% this year.
Reply With Quote
  #27  
Old December 25th, 2013, 05:24 PM
l*factor
Status: Offline
Daniel
Range Rover Sport Supercharged
Member
 
Join Date: May 2012
Location: Alabama
Posts: 62
Pentagon federal credit union - 1.99% financing on a NAS
Reply With Quote
  #28  
Old December 25th, 2013, 05:28 PM
mgreenspan's Avatar
mgreenspan
Status: Offline
Matthew Greenspan
Land Rovers
Member
 
Join Date: Nov 2008
Location: Nevada City
Posts: 1,719
Registry
Quote:
Originally Posted by Jonesy View Post
Some CU's will offer rates of 2% for a used vehicle - it actually make a lot more sense if you can get above that in interest to not finance a $50K purchase - your cash is better off used elsewhere rather than in something that does not appreciate.

So all you would be cash buyers....shame on you....go finance and you will be better off investing the cash and using someone else's money.
On a NAS I would agree. On anything that is importable(i.e. something that is old as fuck) and will require extensive work/upkeep beyond the scope of of the loan, I would say no.
__________________
Do not read the next sentence.

You little rebel, I like you.
Reply With Quote
  #29  
Old December 25th, 2013, 05:55 PM
cgalpin's Avatar
cgalpin
Status: Offline
Charles Galpin
'94 D90 ST, '63 SeriesIIA
Site Team
 
Join Date: Jan 2004
Location: South Riding, VA
Posts: 11,625
Registry
Quote:
Originally Posted by Jonesy View Post
So all you would be cash buyers....shame on you....go finance and you will be better off investing the cash and using someone else's money.
There is just one flaw in this thinking - the sad truth is most people don't in fact invest the cash wisely otherwise. The cash will find its way spent otherwise and in the case of rovers, probably on the damn truck!
__________________
Quote:
Originally Posted by pendy
I'm here for the D's
Reply With Quote
  #30  
Old December 25th, 2013, 06:03 PM
nathanwind's Avatar
nathanwind
Status: Offline
Jason Lavender
88-90-127-LR3
D-90 Source Vendor
 
Join Date: Jan 2008
Location: Saratoga NY
Posts: 8,741
Registry
Quote:
Originally Posted by mgreenspan View Post
On a NAS I would agree. On anything that is importable(i.e. something that is old as fuck) and will require extensive work/upkeep beyond the scope of of the loan, I would say no.
With the early NAS turning 20 this year, wouldn't the above really apply to them as well ?
__________________
Jason Lavender
'71 Series IIA
'88 127 #F96 DKN
'94 90 NAS #324
'06 LR3 HSE

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

(10% discount for DSource members, use coupon code "D90")

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #31  
Old December 25th, 2013, 06:26 PM
mgreenspan's Avatar
mgreenspan
Status: Offline
Matthew Greenspan
Land Rovers
Member
 
Join Date: Nov 2008
Location: Nevada City
Posts: 1,719
Registry
Quote:
Originally Posted by nathanwind View Post
With the early NAS turning 20 this year, wouldn't the above really apply to them as well ?
Only the ones that are completely neglected. I'd say the overall mechanical condition of a NAS is significantly above that of an import. ==\]-=====p[\\\\\\\\\\\
__________________
Do not read the next sentence.

You little rebel, I like you.
Reply With Quote
  #32  
Old December 25th, 2013, 07:15 PM
devildog01's Avatar
devildog01
Status: Offline
Brett Boulin
05 LR3 Locked
Member
 
Join Date: Nov 2013
Location: Ne Pa
Posts: 15
People finance new $80k+ range rover's every day when they will be lucky to get 20k for them in 5 years. At least defender's are somewhat collector's items.
Reply With Quote
  #33  
Old December 25th, 2013, 08:27 PM
WeBeCinYa's Avatar
WeBeCinYa
Status: Offline
WeBeCinYa
94 ST #84
Member
 
Join Date: Nov 2012
Location: NC
Posts: 2,382
Registry
Quote:
Originally Posted by devildog01 View Post
People finance new $80k+ range rover's every day when they will be lucky to get 20k for them in 5 years. At least defender's are somewhat collector's items.
Being upside down on a RR loan happens overnight. I wonder what automobile has the fastest depreciation value? RR would have to be at the top of the list. I say pay cash for older vehicle. If you can't save until you can.
__________________
1994 Defender 90
2006 LR3 SE
1996 Discovery I (sold)
1991 Range Rover Classic (sold)
1995 Range Rover Classic (sold)
2006 LR3 SE (sold)
Reply With Quote
  #34  
Old December 25th, 2013, 09:08 PM
Rugbier's Avatar
Rugbier
Status: Offline
Gustavo
110 Tdi - 110 N/A - D3 HSE - RRS SC
Member
 
Join Date: Jul 2008
Location: Peoples Republic of Marylandistan
Posts: 5,884
Registry
Quote:
Originally Posted by Bill Larson View Post
consensus hater...lol
LMAO

more like Realistical Check Call Out
__________________
NO SIGNATURE
Reply With Quote
  #35  
Old December 25th, 2013, 09:11 PM
leastonce's Avatar
leastonce
Status: Offline
Jason England
D-90 White 95 SW #65
Site Team
 
Join Date: Jul 2009
Location: NYC
Posts: 6,078
Registry
Quote:
Originally Posted by WeBeCinYa View Post
Being upside down on a RR loan happens overnight. I wonder what automobile has the fastest depreciation value? RR would have to be at the top of the list. I say pay cash for older vehicle. If you can't save until you can.
Mercedes CL have always had epic depreciation.
__________________
Quote:
Soapy water / KY jelly, etc. is is basically a must. Yes, good idea to remove trim panels - only takes 5 more minutes to do so.
Car Camping Collective founding member and Chief Executive Officer
Cat Camping Collective founding member and Chief Executive Officer
Reply With Quote
  #36  
Old December 25th, 2013, 09:15 PM
mgreenspan's Avatar
mgreenspan
Status: Offline
Matthew Greenspan
Land Rovers
Member
 
Join Date: Nov 2008
Location: Nevada City
Posts: 1,719
Registry
Quote:
Originally Posted by leastonce View Post
Mercedes CL have always had epic depreciation.
Yeah. I think anything AMG or anything fleet related e.g. Mercury Grand Marquis tend to have the worst(like 80% in something like five years).
__________________
Do not read the next sentence.

You little rebel, I like you.
Reply With Quote
  #37  
Old December 25th, 2013, 09:32 PM
evilfij's Avatar
evilfij
Status: Offline
evilfij
I have never seen a rover in person
Member
 
Join Date: Oct 2003
Location: on the internet
Posts: 14,688
RR don't depreciate that badly:

Worst I would guess big Jags, CL mercs, 65 AMG mercs, Aston.
__________________
*not legal advice*
Reply With Quote
  #38  
Old December 26th, 2013, 08:44 AM
Ren Ching's Avatar
Ren Ching
Status: Offline
Skinny Pete
'84 90 "Yamelo"/'88 RRC "Chewbacca"
Member
 
Join Date: Mar 2007
Location: Downtown
Posts: 4,696
Registry
Quote:
Originally Posted by WeBeCinYa View Post
Being upside down on a RR loan happens overnight. I wonder what automobile has the fastest depreciation value? RR would have to be at the top of the list. I say pay cash for older vehicle. If you can't save until you can.
Proper land rovers (not those silly rounded things) only depreciate if they were overpriced to begin with. And the massive depreciation you guys are talking about is more of a new vehicle phenomenon.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Present:
1960 SII 109"- "Red Square"
1984 90 Tdi- "Yamelo"
1988 RRC- "Chewbacca"
1987 RRC- "Chewy 2"
2008 RRS SC- "The Supersofa"

Past:
1959 SII 88"- "The Little Green Beastie" last seen in NY
1972 SIII 88"- "GreenHELL" now in NC
1988 90 "Eric the Half a Bee" half a truck, sold for parts
1991 RRC- never got a name- long since recycled
Reply With Quote
  #39  
Old December 26th, 2013, 09:15 AM
o2batsea's Avatar
o2batsea
Status: Offline
Bill Adams
66 109 sw 94 lwb
Member
 
Join Date: Jul 2009
Location: kensington md
Posts: 6,502
Registry
Funny, I'm "financing" my trucks all the time, even though they're seemingly "paid off".
__________________
Bill Adams

1966 109 5 door wagon 300Tdi "spermaceti fueled"
1994 RRC LeWiB "ruining the air behind me"
1968 2A 88

All my troubles are Rover
Reply With Quote
  #40  
Old December 26th, 2013, 10:27 AM
chuckc4
Status: Offline
chuck b
Registered User
 
Join Date: Dec 2004
Location: USA
Posts: 517
Change of perspective--funancing....
Reply With Quote
Reply

Lower Navigation
Go Back   Defender Source > Classifieds > For Sale - Vehicles

Tags
1985, 90, d90

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Multiple D90 Parts discojosh2000 For Sale - Parts 13 November 2nd, 2010 07:35 PM
financing question on d90 Kerr Defender Technical Discussions 20 May 31st, 2007 10:10 AM
D90 won't start! rover4x4 Defender Technical Discussions 32 June 13th, 2005 08:42 AM
1985 d90 PurpleHaze Defender Technical Discussions 5 May 4th, 2005 04:53 PM
D90 Tshirts norros Misc. Chit-Chat 16 March 8th, 2005 11:05 AM


All times are GMT -5. The time now is 10:19 AM.


Copyright