pontiacfreak142 Posted July 21, 2014 Report Share Posted July 21, 2014 Im trying to buy a car that my bank says isnt worth the asking price. I would like to be able to get enough to cover tax and title also, any possibilities? Car is private sale if it matters. Quote Link to comment Share on other sites More sharing options...
Jackson1647545504 Posted July 21, 2014 Report Share Posted July 21, 2014 telhio? Quote Link to comment Share on other sites More sharing options...
Exodus Posted July 21, 2014 Report Share Posted July 21, 2014 Csbank? Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted July 21, 2014 Report Share Posted July 21, 2014 unsecured loan Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted July 21, 2014 Report Share Posted July 21, 2014 People have good luck with these guys: https://www.penfed.org/ Quote Link to comment Share on other sites More sharing options...
Bam Posted July 21, 2014 Report Share Posted July 21, 2014 Pay less for the car? You don't want to be in a situation where you may be underwater if something happens. My 2cents. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted July 21, 2014 Report Share Posted July 21, 2014 Pay less for the car? You don't want to be in a situation where you may be underwater if something happens. My 2cents. This. They're looking at LTV (loan to value) ratio and deciding it's too high. It may be that they lend from wholesale/trade-in value rather than retail value (this can be a function of bank policy or your credit history, or both). Money down, and lower sale price are the only way to get around that really. Quote Link to comment Share on other sites More sharing options...
87GT Posted July 21, 2014 Report Share Posted July 21, 2014 People have good luck with these guys: https://www.penfed.org/ I have nothing but love for their auto loans. Great company! Quote Link to comment Share on other sites More sharing options...
jeffro Posted July 21, 2014 Report Share Posted July 21, 2014 Kemba gave me a loan for my 12 year old car with 15th miles on it. Try a credit union. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted July 21, 2014 Report Share Posted July 21, 2014 Try Kemba. Seriously. -Marc Quote Link to comment Share on other sites More sharing options...
pontiacfreak142 Posted July 22, 2014 Author Report Share Posted July 22, 2014 Try Kemba. Seriously. -Marc Already did lol. Quote Link to comment Share on other sites More sharing options...
jeffro Posted July 22, 2014 Report Share Posted July 22, 2014 Already did lol. Damn son you must have bad cred. They give anybody rep. Quote Link to comment Share on other sites More sharing options...
pontiacfreak142 Posted July 22, 2014 Author Report Share Posted July 22, 2014 Damn son you must have bad cred. They give anybody rep. I guess if 734 is bad lol Quote Link to comment Share on other sites More sharing options...
Sparky Posted July 22, 2014 Report Share Posted July 22, 2014 Try to negotiate the price down with the seller. Let him know that the bank won't lend for his price. Quote Link to comment Share on other sites More sharing options...
downingracing Posted July 22, 2014 Report Share Posted July 22, 2014 The issue is probably the tax you are trying to include with the loan. That and the year of the car (older but not old) can make lenders want a better (for them) loan to value ratio. If you can pay tax out of pocket and maybe 10% 'down', I bet the lenders would make the deal happen. Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted July 22, 2014 Report Share Posted July 22, 2014 go to a credit union of your choice and ask about a unsecured line of credit for the amount you want. I guarantee they will do it and the interest will be around 6%. Not great, and not terrible. Quote Link to comment Share on other sites More sharing options...
starkmaster03 Posted July 22, 2014 Report Share Posted July 22, 2014 Columbus Metro gave me a great rate on the 88' Fiero just bought last year. Quote Link to comment Share on other sites More sharing options...
MrMeanGreen Posted July 22, 2014 Report Share Posted July 22, 2014 Or just don't pay $13k for a car not worth $13k. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted July 22, 2014 Report Share Posted July 22, 2014 Or just don't pay $13k for a car not worth $13k. Ding ding ding Quote Link to comment Share on other sites More sharing options...
Miller Posted July 22, 2014 Report Share Posted July 22, 2014 But guiths it's a gto guiths 1 Quote Link to comment Share on other sites More sharing options...
Rustlestiltskin Posted July 22, 2014 Report Share Posted July 22, 2014 Or just don't pay $13k for a car not worth $13k. Skaaaaaaadooooooooooooooosh But mr. Bank man, why can't I get a $13k loan for this car that's only worth $9k? Quote Link to comment Share on other sites More sharing options...
Snowflake Posted July 22, 2014 Report Share Posted July 22, 2014 So, is the GTO worth 13k or 9k or 12900? Quote Link to comment Share on other sites More sharing options...
pontiacfreak142 Posted July 22, 2014 Author Report Share Posted July 22, 2014 So, is the GTO worth 13k or 9k or 12900? I didnt mention getting the tax included, was just hoping i could. Chad, they said it was worth 12400. I have been talking to a rep this morning though and found out some of the issue. I had a best buy credit card a while back. Paid it off and told them to close the account, they never did so appearantly it was showing i was months late on a payment that should not have been there (i guess they charge you for not using it). Its now been taken care of. Quote Link to comment Share on other sites More sharing options...
Miller Posted July 22, 2014 Report Share Posted July 22, 2014 I didnt mention getting the tax included, was just hoping i could. Chad, they said it was worth 12400. I have been talking to a rep this morning though and found out some of the issue. I had a best buy credit card a while back. Paid it off and told them to close the account, they never did so appearantly it was showing i was months late on a payment that should not have been there (i guess they charge you for not using it). Its now been taken care of. The card maybe. The stain will take a while. Quote Link to comment Share on other sites More sharing options...
Snowflake Posted July 22, 2014 Report Share Posted July 22, 2014 I didnt mention getting the tax included, was just hoping i could. Chad, they said it was worth 12400. I have been talking to a rep this morning though and found out some of the issue. I had a best buy credit card a while back. Paid it off and told them to close the account, they never did so appearantly it was showing i was months late on a payment that should not have been there (i guess they charge you for not using it). Its now been taken care of. You might wanna check into it because I have a best buy card and I've never been charged for not using it and I've had it for years. Also, get a copy of your credit report and see what's on it. I believe you can get one free every year . Or go to credit karma and set up with them and monitor your shit. Quote Link to comment Share on other sites More sharing options...
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