beeker82

When I can get some bills paid off im looking to go into a ls1. This car will be my DD but Il be doing some mods to it also. how high mileage of a car should I go?? Id love to get a m6 car but the fiance will need to drive it everynow and then so Il be looking for a A4 car. Only thing im looking for is ttops, Leather and all that other stuff isnt important. Is 70k-80k too high to get a loan for a car?? My credit is good so I know I can get a car.

COD02SS

Capital one won't touch a used car unless it has less then 30K miles

beeker82

il be going thru my local credit union so Il have more room to work with

z28bryan02

Just take your time and look around, dont settle you'll eventually come across the car you want. As for mileage f-bodies mechanically speaking are well made, the ls1 if properly taken care of can go WAY past the 100k mark. The 4l60e is decent and will last under stock or near stock hp levels. The weak point is the factory 10 bolt but if the car wasent abused it should be fine. As with any car take it to a mechanic and have it looked at before putting down the money.

streetassasin

iTrader: (30)

I got a loan on my car when it had 115K on it from my credit union 1500 down $300 mo for 3 yrs

98LS1Formula

iTrader: (23)

with my credit union the car has to be 2001 or newer but they do give personal loans up to $7000 with a higher interest rate

02T/A-WS6

iTrader: (4)

Capital One will most certain finance a car over 30k miles. Most banks will finance up to 120k miles. Year of the vehicle and credit score determine what interest rate you will get. Credit Unions will usually be your best bet for a lower interest rate. Some places will only finance a car less then 7-8 years old before you would have to take out a personal loan which the rate is higher. The way they see it is the risk with the age of the vehicle, mileage, and your history. Hope this helps and any more questions I would be more than happy to help you out. I know some of the inside stuff being I used to work at a dealership. Good Luck and happy shopping!!!

FMX05

iTrader: (3)

I had no problem at security federal on a 99 with 97k miles. They will only finance for 2yrs but still it isn't bad at all.

keliente

iTrader: (22)

??? I've had 4 loans thru capital one and only one car had less than 30k.

01ssreda4

iTrader: (96)

mine would go 5 years on 90k.

qwk93ta

iTrader: (13)

Many banks don't want to loan money on any vehicle with over 100k. I found this out while looking for a car for my 16 year old son.

BadGTho

iTrader: (6)

buy cars cash. seriously.. taking a loan out on one of these cars is just not worth it. they're not that expensive, and when you pay interest, it makes them less of a bargain

StuntmanMike

iTrader: (2)

I went through Capital One....65K miles.

beeker82

ok just let me **** 12 grand

silent102

iTrader: (5)

learn to save a little bit!

johnnybravo

What these guys are saying is, start saving now. There are several painless ways. If you have direct deposit payroll at work, start a separate savings account, and have a little go in there each pay period. If you get a real paycheck (non-direct deposit), you're gonna stop by the bank anyway, put a little in that account when you cash your check. Save right off the top, first thing.

If you are to the point where you can afford a car payment, then make a "payment" to your savings account while you are looking for a car. This will reduce the amount you'll need to finance.

You need to develop financial discipline, or you will always be behind the 8-ball.......

BadGTho

iTrader: (6)

totally absolutely false.

my friend purchased his 97 M3 (80k) and 99 Yota truck (90k) both thru capitol 1.

maybe your credit is such that they will not lend YOU the money, but with good credit they'll let you buy whatever. In fact they give you a blank check that's good for up to your loan amount, and you just fill it out and record the VIN.

hell.. i sold my 97 M3 with 140k miles, and the kid got a loan for over 11k.

BadGTho

iTrader: (6)

what this dude said.

shitting 12k is impossible. saving it is.

i am by no means wealthy.... i buy my cars cash. i save until i have the money, then i buy.

qwk93ta

iTrader: (13)

I have a different philosophy on paying for a car. I have a monthly budget for a car payment, $300. I only put down tax plus $1,000 so I am not upside down in the car later. I would never take 12k out of the bank to buy a car. The interest rate on my 00 WS6 is 5.75%.

Jakes Dad

Capital One must be different in different states.

Most banks, I said most, get tight assed between 80 and 100K

I've almost been fired several times for asking this question. Mr. Mrs. customer; Where do you bank? I don't make a cent from what is made in the F/I office. So until that changes my goal is to sell the car, assist the customer in receiving the best interest rate based on their credit.

Cars aren't an investment. Most cars are worth less modified. Why a T-Top more weight less body strength? Leather is ok. It can be added to a cloth interior car later. So what you're saying is you really want this car but you're incapable of paying CASH.

AGSAOMAHD's