Versluis Posted November 20, 2018 Report Share Posted November 20, 2018 I know this has been asked before and Kemba if I remember correct is recommended? I saw they have 3.49% and not sure if that is good in this market. Long story short, looking to get Honda CRV from my brother in law for my fiancé. The CRV is a fleet car for Honda and we can get it for a little better than the used market. Title has to stay in Honda employee name for 3 months. Will a bank give me a loan for it even if the title has to stay in his name? Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
RyM3rC Posted November 20, 2018 Report Share Posted November 20, 2018 getting a loan for a crv? LOL, I miss old CR. if a credit institution gives you a loan for a vehicle, they transfer title into their name or into your name with a lien on it. You could get a personal loan and just get a pile of cash, but the rates aren't going to be the same. so, let me get this straight. you want to get a loan, in your name, to buy a car, to keep in someone else's name, for your fiance... CRV LOL Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted November 20, 2018 Report Share Posted November 20, 2018 Short answer no, can you co-sign for him to buy it then you can take over full ownership of the loan and get him off the loan and title after 3 months ? Also anything under 4% for a used vehicle is pretty good Quote Link to comment Share on other sites More sharing options...
Versluis Posted November 20, 2018 Author Report Share Posted November 20, 2018 getting a loan for a crv? LOL, I miss old CR. if a credit institution gives you a loan for a vehicle, they transfer title into their name or into your name with a lien on it. You could get a personal loan and just get a pile of cash, but the rates aren't going to be the same. so, let me get this straight. you want to get a loan, in your name, to buy a car, to keep in someone else's name, for your fiance... CRV LOL My future brother in law works for HAM and is under the car program. His touring CRV is up for him to turn in and if I were to get it, I would save some money. Since my fiancé is not “blood” to him it can not go straight into her name. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
street pilot Posted November 20, 2018 Report Share Posted November 20, 2018 No. Do you have another vehicle you could refinance? BMI credit union is 3.24% on a 36mo loan. If you refinance an existing loan through them (refi for more than your vehicle is worth and use the balance to buy the CRV) you get $250 incentive. Use my referral and get additional $50. I've been happy with them. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted November 21, 2018 Report Share Posted November 21, 2018 (edited) getting a loan for a crv? LOL, I miss old CR. Ah, yes. Back when all of CR was helping their fiances purchase Hellcats and hot rods. All the women folk/significant others here with their stupid fast muscle cars were great. Edited November 25, 2018 by Otis Nice Quote Link to comment Share on other sites More sharing options...
DavidBaustert Posted November 21, 2018 Report Share Posted November 21, 2018 My future brother in law works for HAM and is under the car program. His touring CRV is up for him to turn in and if I were to get it, I would save some money. Since my fiancé is not “blood” to him it can not go straight into her name. Sent from my iPhone using Tapatalk I can speak from personal experience this "policy" is not enforced nor is it practical for them to even know. You being family also, he should be OK to purchase the vehicle on your behalf. Quote Link to comment Share on other sites More sharing options...
Clifford Automotive Posted November 24, 2018 Report Share Posted November 24, 2018 You guys have to remember advertised % is for excellent credit. Just because you see that doesn't mean you'll get it. Quote Link to comment Share on other sites More sharing options...
ShowHBK Posted November 24, 2018 Report Share Posted November 24, 2018 Ah, yes. Back when all of CR was helping their fiences purchase Hellcats and hot rods. All the women folk/significant others here with their stupid fast muscle cars were great. BuT Im aN EnTiTlED MaLeNiAl WiTh No M0N3Y @ND IM ENtiTL3D T0 FR33 CAR!!! #420BL@Z31TFORTNIGHT #V@P3NASH Quote Link to comment Share on other sites More sharing options...
Geeesammy Posted November 25, 2018 Report Share Posted November 25, 2018 I know this has been asked before and Kemba if I remember correct is recommended? I saw they have 3.49% and not sure if that is good in this market. Long story short, looking to get Honda CRV from my brother in law for my fiancé. The CRV is a fleet car for Honda and we can get it for a little better than the used market. Title has to stay in Honda employee name for 3 months. Will a bank give me a loan for it even if the title has to stay in his name? Sent from my iPhone using Tapatalk WTF no are you dumb? Quote Link to comment Share on other sites More sharing options...
Cordell Posted November 25, 2018 Report Share Posted November 25, 2018 Wow, I’ve got nothing. Just laughing at how dumb this all sounds when you say it out loud. Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted November 25, 2018 Report Share Posted November 25, 2018 With kemba to get that , you'll have to do direct deposit,and do so many transactions a month with them. If you don't they will move the charge up i think half a percent Quote Link to comment Share on other sites More sharing options...
Pntbll309 Posted November 26, 2018 Report Share Posted November 26, 2018 Get a personal loan from KEMBA, then when you can get the title out of their name, go back to kemba, finance the car, use that money to pay off personal loan and you’ll be left with the auto loan. You’ll lose some money in paying interest, but that’s how you’ll have to do it at kemba. Quote Link to comment Share on other sites More sharing options...
Versluis Posted November 27, 2018 Author Report Share Posted November 27, 2018 Thanks for the responses even the how dumb I am. Only ever purchased a new car and not used yet so new process for me. Not getting car, do not want a personal loan at 8% for three months, then refinance it to a car loan and have to pay tax twice. Not worth the hassle and the savings wash. Quote Link to comment Share on other sites More sharing options...
Robochan Posted November 27, 2018 Report Share Posted November 27, 2018 Thanks for the responses even the how dumb I am. Only ever purchased a new car and not used yet so new process for me. Not getting car, do not want a personal loan at 8% for three months, then refinance it to a car loan and have to pay tax twice. Not worth the hassle and the savings wash. Tax twice? Quote Link to comment Share on other sites More sharing options...
Pntbll309 Posted November 28, 2018 Report Share Posted November 28, 2018 Why would you pay tax twice? You’re only going to register the vehicle once. Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted November 28, 2018 Report Share Posted November 28, 2018 I believe he is saying laying the tax when his brother in law would title it, then again laying sales tax when the title gets flipped out of his brother in laws name Quote Link to comment Share on other sites More sharing options...
Versluis Posted November 28, 2018 Author Report Share Posted November 28, 2018 I believe he is saying laying the tax when his brother in law would title it, then again laying sales tax when the title gets flipped out of his brother in laws name Correct Quote Link to comment Share on other sites More sharing options...
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