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Financing for C5

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Old Apr 8, 2020 | 07:18 AM
  #21  
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Several loans with Lightstream (Suntrust) including my new 1965 coupe, and I've also had a couple with JJ Best Banc. I'd go with Lightstream if possible, good rates and you'll have your money in your bank the next day.
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Old Apr 8, 2020 | 09:19 AM
  #22  
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Originally Posted by roggie69
Try Lightstream (division of Sun Trust Bank)--I've used them several times, most recent was purchasing a 2005 Turbo PT Cruiser, interest rate was 4.69% for 5 years, no money down. They do not ask the year of the car, give you a loan for your asking amount and it's
unsecured, no lien on the car, so no paperwork-----best interest rates I've been able to find. Offer options as to how long you want the loan for.
What did you do, go on their website?

Did you choose auto loan or personal loan?

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Old Apr 8, 2020 | 09:21 AM
  #23  
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Originally Posted by billschroeder5842
Try getting a "personal loan" for the car. I have used Wells Fargo in the past for that situation and it is easy and pain free. It is credit score based.
When they asked what you needed the money for on the application did you say for a car? Did they then want it secured and owned the title?
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Old Apr 8, 2020 | 09:45 AM
  #24  
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Originally Posted by nxvette01
I’m in the mart for a c5 Z06 but having a hard time finding a lender that will loan on a vehicle that age. My credit union will not only go back as far as 2011. What lender are y’all using to get a loan for older vehicles ?
I took a $15k loan on my 401k back in 2010 and its been paid back - but in the current climate (liquidating shares at low prices) that might not be a good strategy...
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Old Apr 9, 2020 | 12:16 AM
  #25  
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I've had excellent luck with Ent Federal Credit Union. They financed my enclosed trailer, the wife's Envoy when USAA said no to anything older than 7 years, and now my slide in truck camper. They have great rates on newer stuff and very fair rates for older/oddball stuff.
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Old Apr 9, 2020 | 12:32 AM
  #26  
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I got a four year loan on my 2002 in 2018 with Great Lakes Credit Union. Sounds like a lot of people have used credit unions.
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Old Apr 9, 2020 | 01:30 AM
  #27  
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If you going to finance an old corvette, I would just go for a C6 at that point and don't pay more than 12k for a c5.
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Old Apr 9, 2020 | 08:08 AM
  #28  
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Small regional bank - canandaigua national. Good rate, was able to pay online. This was..4 yrs ago maybe?
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Old Apr 9, 2020 | 08:09 AM
  #29  
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If buying from a dealership, they will always finance, but it's best to shop around for the best rates...
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Old Apr 9, 2020 | 08:11 AM
  #30  
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Originally Posted by My Vette Life
If you going to finance an old corvette, I would just go for a C6 at that point and don't pay more than 12k for a c5.
A person isn't going to get a very nice C5 for 12K...at that price it's probably going to be showing its age poorly and/or have high mileage...
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Old Apr 9, 2020 | 10:58 AM
  #31  
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Originally Posted by grampi50
A person isn't going to get a very nice C5 for 12K...at that price it's probably going to be showing its age poorly and/or have high mileage...
in my area you can find them in great shape even some with 80k miles around 12k.

Put it this way c6 in my area start at 16k. Thats a starting price and heck i see c6z under 100k miles at $22k

But thats my area

So i still say 12k max for c5 in terms of value and performance but its to whatever floats his or her boat.
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Old Apr 9, 2020 | 12:30 PM
  #32  
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Originally Posted by My Vette Life
in my area you can find them in great shape even some with 80k miles around 12k.

Put it this way c6 in my area start at 16k. Thats a starting price and heck i see c6z under 100k miles at $22k

But thats my area

So i still say 12k max for c5 in terms of value and performance but its to whatever floats his or her boat.
I guess it depends on what a person is looking for. If you want something as a DD and don't really care what it looks like, then a $12K car would probably be fine. If you're looking for a low mileage, well cared for garage queen, you'll have to spend a lot more...
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Old Apr 9, 2020 | 04:01 PM
  #33  
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Originally Posted by My Vette Life
If you going to finance an old corvette, I would just go for a C6 at that point and don't pay more than 12k for a c5.
You are being far too practical.....

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