Go to lightstream a sun trust bank. They just give you a loan for X and you buy whatever the **** you want with it.

https://www.lightstream.com

I got my wife's 2002 AMG this way and it was loads easier than trying to finance the actual car.

Good luck.

 

to my understanding they are unsecure loans and rates are higher, including credit requirements being higher. although a good company.

Nada in general i have found to be more accurate to actual car value IMHO.

its just understanding what the car is worth and being willing to travel for the right one at the right price. I had to go 1/2 cross the country and drive mine back.

and fyi a lot of credit unions only finance up to certain % of vehicle, some are %110. If its salvage title it would be much less.

 

www.psecu.com

they go off kbb and have extremely good rates

 

They aren't crazy high if you have good credit. I think my wife's car note if you call it that is at 2.8% so they aren't gouging.

 

My credit union financed 100% with no problem. It was $18,000 total (including tax, licence, fees). The car had 115k or so miles.
Maybe you need to find a cheaper example. Anything North of $20k is ridiculous, unless you're a collector.

 

This. Unless its super low miles in pristine condition I don't think it's worth over 20k at this point. Sentimental value doesn't mean anything to a buyer. Maybe in 20 years when (if) they're collectors they might be worth more again... Otherwise you'll need a larger downpayment

 

credit union will be about the only way here. banks usually dont consider loaning on a car that old.

 

Still not sure why anyone would use a bank to get a loan. Credit union is the way to go. They usually finance 100% of the book value (varies by institution), and the rates are always significantly lower (assuming you have great credit). Any difference if price will have to be covered by yourself i.e. down payment.

 

FWIW, my credit union gave me a loan on a 15yo car with 200k miles, once. I'd never go to a bank.

 

They also ask me if i know a member or have a family member as reference, do you happen to have someone ?

 

I used a credit union to get my evo 9 and had no issues. I'm trying to sell my evo now, and used NADA as a reference because dealerships use that as their pricing guide.

 

Completely agree. I didn't realize the values of 8 and 9's were so over-inflated. Sellers have such an emotional attachment, they add a 'personal attachment tax' onto the market value of the vehicle. I'm sure someone who has the same level of emotional attachment for an evo will buy their vehicle, but I personally would not pay more than what the true market value is, +/-$1k or so.

 

Its a sellers market. You are not likely to find a clean low mileage IX anywhere near KBB or NADA.

 

IXs are going the way of the Supra, along with FDs and S2000s. All the good, discontinued cars are going up in value.
VIIIs are following along, but much lower pricing.
That's all why I'm keeping mine. I need to sell and get one later, but man...Would I be sorry.

 

If they never made the X, the IX would be even more expensive