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Very true actually. The age of the car depends on the bank though. The guy who bought my 1999 Z28 last year fiananced it through his credit union though. The car was 9 years old at the time.
__________________ Current Ride:
1992 Lexus SC300, 5 speed, "2JZ, no ****!! You know what . . . this will decimate all once you put about 15g's into it, overnight parts from Japan if we have to . . ."
1998 Z28 rag top, 1991 Cadillac Brougham D'eleganc, 1995 Caddy Fleetwood, 1999 Z28 t-top
If you have excellent credit then you can buy any car. Go to capitalone auto finance on line and fill out the app. They will have an answer for you immediately if you qualify. If approved they will fed-ex you a check the next day.Good luck.
From what I've seen it's more like banks don't WANT to loan on a car older than 7 years. My bank will loan older than 7, but it's at 14.99% interest depending on the credit of course. But the best you could get was like 10.99%. If you go to a credit union they'll usually work with you pretty easily, especially with a good credit score and it being a dealership.
__________________ 00 Z28 M6 NBM - Dynomax exhaust, lid, !AIR, FRA, MSD 8.5 wires, NGK TR555 plugs, UMI short shifter handle with blue and black flame ball.
not sure how it would work now with the credit card companies being more strict but when i bought my 95 T/A in 2004 i used a 3.99% check with no cash advance fee to finance my car. i wrote the check to myself for $6500 and paid the $6k in cash like the private seller wanted and then used the rest for taxes and licensing.
no lien on the car and the interest rate was pretty low for a 9 year old car.
1995 Black TA A4 LT1
Mods: MSD cap and rotor, MSD wires, NGK plugs, K&N filter, 17" corvette GS replicas, Ram Air and OEM WS6 hood, 3.42 gears
Yeah I forgot to mention I had a co-signer. But the car's all paid for now. The bank was trying to tell me that they couldn't give me a loan for the ammount they were asking for the car because the could only give like 9500 for a Z28. I told them it was an SS and they said they didn't make an SS. I told them it was an optioned package. I had to get proof that it was an SS so they would give me a loan for the full ammount which was only 1000 more than the Z. I was pissed
__________________ 99 SS Camaro-LS6, built T56, HP Tuners, more to come...