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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.
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.
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?
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...
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.
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...