New Ytest
Sign out
Bimmerpost
Login
BMW E39 5-Series Forum | 5Post.com
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read  
Go Back   BMW E39 5-Series Forum | 5Post.com > BIMMERPOST Universal Forums > General Automotive (non-BMW) Talk + Photos/Videos

Post Reply
 
Thread Tools Search this Thread
      08-18-2021, 10:58 AM   #1
Soden82
Major
United_States
476
Rep
1,188
Posts

 
Drives: 2011 BMW M3
Join Date: Jun 2017
Location: Boston

iTrader: (1)

Garage List
2011 BMW M3  [0.00]
Credit Unions/Banks for financing older BMWs (or any car)

Hi guys,

I first apologize if this is in the wrong section, mods please move if that is the case.

I wanted to ask members how they went about financing an older car (over 10 years old with over 100k miles), and what bank/credit union they used. Not necessarily classic or antique cars.

What was the process like?

Any pertinent vehicle information and bank information is much appreciated.

Thank you!
__________________
2009 BMW 335i 6MT
*big single (eventually)*
For now...
MHD tuned
VRSF Race IC
DCI
ATM exhaust
Appreciate 0
      08-18-2021, 11:06 AM   #2
TheWatchGuy
Colonel
TheWatchGuy's Avatar
3905
Rep
2,524
Posts

 
Drives: 335xi
Join Date: Mar 2018
Location: CO

iTrader: (0)

no offense, but if youre financing a 10yo 100k + mile car, you should probably look for a much cheaper car
__________________
@drunkcowatches on ig

Am I a watch guy, or do i watch guys?
Appreciate 1
RM72870.00
      08-18-2021, 11:27 AM   #3
jmack
First Lieutenant
jmack's Avatar
549
Rep
384
Posts

 
Drives: OG M2, E70 X5M
Join Date: Oct 2018
Location: TN

iTrader: (0)

PenFed Credit Union is pretty lenient with car age and mileage while still providing competitive rates. I think 150k miles is their max, but if the car is listed for over the NADA value it will probably be denied.
Appreciate 1
Soden82475.50
      08-18-2021, 12:41 PM   #4
Soden82
Major
United_States
476
Rep
1,188
Posts

 
Drives: 2011 BMW M3
Join Date: Jun 2017
Location: Boston

iTrader: (1)

Garage List
2011 BMW M3  [0.00]
Quote:
Originally Posted by TheWatchGuy View Post
no offense, but if youre financing a 10yo 100k + mile car, you should probably look for a much cheaper car
Thinking about adding a rare color E46 M3 to the garage, and would rather spend the money elsewhere at the moment than putting it all in on the car. But I'll keep that in mind
__________________
2009 BMW 335i 6MT
*big single (eventually)*
For now...
MHD tuned
VRSF Race IC
DCI
ATM exhaust
Appreciate 0
      08-18-2021, 12:54 PM   #5
dmanb2b
Banned
2122
Rep
3,368
Posts

 
Drives: G07, F97, F30, E90, E46, E30
Join Date: Jul 2016
Location: NY

iTrader: (5)

Quote:
Originally Posted by Soden82 View Post
Thinking about adding a rare color E46 M3 to the garage, and would rather spend the money elsewhere at the moment than putting it all in on the car. But I'll keep that in mind
soon to be a classic. They will only appreciate. My local credit union (Sunmark) offers 1.89% up to 60mo,up to 125% of the car's FMV, regardless of age
Appreciate 1
Soden82475.50
      08-18-2021, 04:43 PM   #6
KevinC
your average JAMF
KevinC's Avatar
United_States
3076
Rep
4,082
Posts

 
Drives: '21 M2 Comp, '19 Golf R
Join Date: Oct 2005
Location: Cochise County, AZ

iTrader: (0)

Garage List
PenFed.org, Pentagon FCU. Anyone can join. Outstanding rates and customer service. Can complete loan app/approval 100% online, instant approval. I’ve used them several times. Very highly recommended.
Appreciate 1
Soden82475.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:09 PM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST