financing help...
Thread Starter
Advanced
Joined: Dec 2015
Posts: 56
Likes: 1
From: hazard ky
financing help...
hey guys,
looking to pick up a 08-10 z06.
most of my local banks won't finance a vehicle that old. If i was wanting to purchase from private party ( say from someone on here. )
where is the best place to finance from? anywhere do 72months on a 2008-10 z06?
Thanks,
Chris
looking to pick up a 08-10 z06.
most of my local banks won't finance a vehicle that old. If i was wanting to purchase from private party ( say from someone on here. )
where is the best place to finance from? anywhere do 72months on a 2008-10 z06?
Thanks,
Chris
Thread Starter
Advanced
Joined: Dec 2015
Posts: 56
Likes: 1
From: hazard ky
im 32. credit is decent. 700 last time i checked.
i just didn't know if banks would do 72mo on a 2008 year car.
i just didn't know if banks would do 72mo on a 2008 year car.
Drifting
Joined: Jun 2015
Posts: 1,437
Likes: 166
Le Mans Master
Joined: Oct 2012
Posts: 5,910
Likes: 49
From: CA
St. Jude Donor '17
Banks don't like financing used cars but credit unions do. Join one, deposit some cash and see if they'll loan you the money. With a credit score as high as 700 and if the car is within proper blue book prices and especially if you have a down payment, it should work. Their rates won't be as high as other credit sources either.
Racer
Joined: Dec 2010
Posts: 427
Likes: 124
I found these folks - Inova FCU. They re-fied my '07 at a decent rate, then when that car was totaled 2 months later, they helped me with an '08 for 72 months from a private seller. The newer the car the better the rate. I had my eye on an '02 Aston Martin which they approved, but I changed my mind. I only had to pay a $5.00 membership fee. Try Ashley - ashleyw@inovafcu.org, and see what they can do.
Race Director
Joined: Dec 2013
Posts: 12,501
Likes: 3,627
Just a FYI, but the upkeep expense on a used Vet is not cheap (why most will sell them before the warranty runs out). When you do need to resolve something on the vet, normal repair costs are in the thousands of dollars instead.
I bring this up, since if money is tight to just afford the payments on the car to begin with, then between insurance and upkeep expenses, you may not be able to afford the vet after all instead.
I bring this up, since if money is tight to just afford the payments on the car to begin with, then between insurance and upkeep expenses, you may not be able to afford the vet after all instead.
Burning Brakes
Joined: Apr 2008
Posts: 1,030
Likes: 55
From: Brentwood(Contra Costa County) CA
Dano523:
Upkeep on a used Vette is not cheap? You got this forum to answer any maintenance or repair issues and if you can turn a wrench and have some mechanical know how, a Corvette is cheaper to maintain than the German brands and just about anything in its class. I have no concerns about owning without warranty coverage as I can actually work on this car. If there is something I can't do, then it goes to Abel Chevrolet where it's a given the job will be done right and I won't get shafted.
Insurance costs are low and I bet most people sell their vettes not because the warranty is about to run out but because they don't need the car or cuz they are bored with it.
Chrisprater: Credit Unions are pretty good on used car loans.
Upkeep on a used Vette is not cheap? You got this forum to answer any maintenance or repair issues and if you can turn a wrench and have some mechanical know how, a Corvette is cheaper to maintain than the German brands and just about anything in its class. I have no concerns about owning without warranty coverage as I can actually work on this car. If there is something I can't do, then it goes to Abel Chevrolet where it's a given the job will be done right and I won't get shafted.
Insurance costs are low and I bet most people sell their vettes not because the warranty is about to run out but because they don't need the car or cuz they are bored with it.
Chrisprater: Credit Unions are pretty good on used car loans.
Last edited by cheetah45; Dec 6, 2015 at 04:49 AM.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
2027 Corvette vs The World: Every C8 vs Its Closest Competitor
Joe Kucinski
10 Most Common Corvette Problems of the Last 20 Years!
Joe Kucinski
5 MOST and 5 LEAST Popular Corvette Model Years in History!
Joe Kucinski
Intermediate
Joined: Sep 2015
Posts: 49
Likes: 4
From: Shippensburg Pennsylvania
I financed through USAA for 72 months. APR is 2.99%
I always use my credit union or USAA to finance any of my toys. I stay away from the big banks like BOA, ect. Rates are always better through my local credit union, USAA was pretty close in APR to what the credit union could offer, I went with them for the vette since my home owners ins, and car ins is through them.
I always use my credit union or USAA to finance any of my toys. I stay away from the big banks like BOA, ect. Rates are always better through my local credit union, USAA was pretty close in APR to what the credit union could offer, I went with them for the vette since my home owners ins, and car ins is through them.
Team Owner
Joined: Mar 2012
Posts: 27,118
Likes: 135
From: Montgomery, Alabama
2017 C6 of Year Finalist
Credit Unions are the only way to go. They offered 60 months on the 05 Vette that I bought last year. Financed for 36 months at 1.69%. Your credit score will have a lot to do with it. Mines 814.
Pro
Joined: Oct 2014
Posts: 512
Likes: 25
From: Ashland KY
Try Capitol One Auto Finance. If the car is within 7 model years, they wii finance for 5 years, at a decent rate, with no money down. I believe they will go 90 percent of retail book, up to 30 K, but it has to be a dealer.
Safety Car
Joined: Oct 2015
Posts: 4,128
Likes: 616
From: St Louis Area IL
My credit union and all others I checked, will currently finance any used car that is 2008 and newer at the 2.5-3% rate, and up to 84 months. They will finance older vehicles, but the rate is higher. I limited my search to Corvettes that were at least an 2008. I bought the newest Corvette I could find that had the mileage, options, and price I wanted to pay. I just bought a 2012 GS Coupe.
Le Mans Master
Joined: Aug 2000
Posts: 6,486
Likes: 1,658
From: Las Vegas NV
Le Mans Master
Joined: Aug 2000
Posts: 6,486
Likes: 1,658
From: Las Vegas NV
Just a FYI, but the upkeep expense on a used Vet is not cheap (why most will sell them before the warranty runs out). When you do need to resolve something on the vet, normal repair costs are in the thousands of dollars instead.
I bring this up, since if money is tight to just afford the payments on the car to begin with, then between insurance and upkeep expenses, you may not be able to afford the vet after all instead.
I bring this up, since if money is tight to just afford the payments on the car to begin with, then between insurance and upkeep expenses, you may not be able to afford the vet after all instead.
But I would have to agree about the finances -- if money is really tight, there are much cheaper cars to get you from A to B until you're of more sufficient means.
