Corvette financing difficulties
Thread Starter
Racer
Joined: Mar 2006
Posts: 311
Likes: 0
From: Northbrook illinois
Corvette financing difficulties
Hey guys, Im about to buy a 1999 corvette, and i need to take out a $15,000 loan, But the banks that ive checked with only finance cars that are 2002 and newer, If you guys know of any banks or financial institutions that could help me get a loan for the '99 id really appreciate it. I live in chicago so if you know any national chains that would help. Thanks
Drifting
Joined: Jan 2004
Posts: 1,987
Likes: 0
From: Orlando FL
Cruise-In VI Veteran
good luck with the purchase. i think you are going to run into the same problem with most banks/credit unions etc.
know its hard to wait... but what about saving up a little more? if your taking out a loan for 15k on a 99, your probably only puting maybe 3k down?? saving up a bigger down payment would really help you out!
know its hard to wait... but what about saving up a little more? if your taking out a loan for 15k on a 99, your probably only puting maybe 3k down?? saving up a bigger down payment would really help you out!
Drifting
Joined: Sep 2004
Posts: 1,737
Likes: 349
From: Layton Utah
Do you have credit unions there? If so, They are a good place to start.
Do you have an account at a local bank? They should want to help you if they want to keep your business. How's your credit history? That will also make a difference. If you don't get the right answer, just keep trying at other places. Not all institutions have the exact same policy. Rates tend to be higher the older the car gets.
Do you have an account at a local bank? They should want to help you if they want to keep your business. How's your credit history? That will also make a difference. If you don't get the right answer, just keep trying at other places. Not all institutions have the exact same policy. Rates tend to be higher the older the car gets.
Melting Slicks
Joined: Jan 2006
Posts: 2,136
Likes: 7
From: queens Newyork
hey coola fresh go pick up a copy of chevy and vettetrader there is a co. that will finance hipo cars and there rates are decent i saw them last month on the inside cover...if u cant find it pm me and ill look it up for u..goodluck
Burning Brakes
Joined: Mar 2006
Posts: 1,195
Likes: 25
From: Tacoma WA
I used Randolph Brooks Federal Credit union, and when i asked for 20k on a 97 they said OK!
Fortunately i didn't use that much... but i figured i'd let ya know those places do exist, it just depends on your credit etc...
Good luck!!
Dan
Fortunately i didn't use that much... but i figured i'd let ya know those places do exist, it just depends on your credit etc...
Good luck!!
Dan
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Instructor
Joined: Mar 2006
Posts: 119
Likes: 0
From: NOVA VA
Originally Posted by EricR-TX
I know it doesn't help you, but Capital One will do 2000 and newer.
They didn't care what car I was going to buy. They handed me a blank check and said thanks
lendingtree.com might be a good start
Instructor
Joined: Jun 2005
Posts: 247
Likes: 0
From: Duluth Georgia
I've used CapitalOne (formerly PeopleFirst) several times and never once did they ask what make/model/year car I intended to buy. They are concerned only with your credit rating and ability to repay. I'm a big fan of their Blank Check program.
Race Director
Joined: Mar 2006
Posts: 15,841
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From: It is a tale told by an idiot, full of sound and fury, signifying nothing. Alto MI
Originally Posted by sage666
I've used CapitalOne (formerly PeopleFirst) several times and never once did they ask what make/model/year car I intended to buy. They are concerned only with your credit rating and ability to repay. I'm a big fan of their Blank Check program.
I've used them before, too, although not for a Vette. One of the easiest loan programs you'll ever see. No hassles at all. I'd highly recommend them.
Lifetime Member
Joined: Dec 2002
Posts: 10,702
Likes: 76
From: New Jersey
St. Jude Donor '05, '12-'13, '15-'16, '21
In addition to the other suggestions (Credit Unions are generally great to work with 
) did you go back to the place you were working with and ask what they could do for you with a larger down payment. I'm suprised, given its a Vette, they would place a year restriction on the loan. May be worth going back for more discussions. Good luck
) did you go back to the place you were working with and ask what they could do for you with a larger down payment. I'm suprised, given its a Vette, they would place a year restriction on the loan. May be worth going back for more discussions. Good luck
Pro
Joined: Dec 2005
Posts: 706
Likes: 0
From: Sterling VA
Originally Posted by conman1170
eloan.com or as someone else said capital one
Pro
Joined: Dec 2005
Posts: 706
Likes: 0
From: Sterling VA
Originally Posted by Jims99frc
I used E-Loan , through a dealer , per there rules .
I bought a 99 , no cash down , 60 months . This was so easy , it was scary !!
I recommend them to everyone .
I bought a 99 , no cash down , 60 months . This was so easy , it was scary !!
I recommend them to everyone .