BMW E39 5-Series Forum | 5Post.com - View Single Post - Perspective? Looking at 2003 540i M-sport 6MT

Red Ryder · 11-28-2016, 01:49 PM

Having a hard time finding a loan for this car, nobody wants to touch a 14 year old car from out of state even though I have an excellent credit score/history and not much debt. But that doesn't help much as interest rates are around 7% for it. I went to my bank first and they said since hte car is older than 7 years it would require a personal loan with a high rate. Kemba had a great loan offer until I told them the car was out of state, then that rate went up too.

What lenders have others used? I'm going to call Lightstream or whatever it is, and maybe Quicken.

11-28-2016, 01:49 PM	#2
Red Ryder e46 lover 3 Rep 13 Posts Drives: '99 Accord EX-L 2dr - 3.2L 6MT Join Date: Jun 2012 Location: SW Ohio iTrader: (0)	Having a hard time finding a loan for this car, nobody wants to touch a 14 year old car from out of state even though I have an excellent credit score/history and not much debt. But that doesn't help much as interest rates are around 7% for it. I went to my bank first and they said since hte car is older than 7 years it would require a personal loan with a high rate. Kemba had a great loan offer until I told them the car was out of state, then that rate went up too. What lenders have others used? I'm going to call Lightstream or whatever it is, and maybe Quicken. Last edited by Red Ryder; 11-28-2016 at 03:12 PM..
	Quote