S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

Financiing options for an S2000

Thread Tools
 
Old Feb 12, 2015 | 05:58 PM
  #1  
TimmyZ1's Avatar
Thread Starter
Registered User
 
Joined: Jun 2011
Posts: 6
Likes: 0
Default Financiing options for an S2000

hello

I'm coming off of my lease and I'm hard core toying with getting an s2ki. Whats the financing market out there for them? I'm not a kid. I'm a grown adult with good credit and income. Probably will put 10-15% down. Can I get financing on a 06-08? What will the rate look like? Term?
Reply
Old Feb 12, 2015 | 06:01 PM
  #2  
Super Nintendo Chalmers's Avatar
10 Year Member
 
Joined: May 2014
Posts: 427
Likes: 2
Default

I don't see why not. I was able to finance my '06 last year through my CU.
Reply
Old Feb 12, 2015 | 06:32 PM
  #3  
Ken1997tl's Avatar
 
Joined: Aug 2005
Posts: 591
Likes: 25
From: Arizona
Default

My CU was willing to do it at a good rate. I want to say 5 or 6%. I just paid cash though.
Reply
Old Feb 12, 2015 | 07:27 PM
  #4  
pastoli's Avatar
Community Organizer
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Feb 2009
Posts: 1,616
Likes: 12
From: Abilene, Texas
Default

Check with your Bank or CU. They seem to go off of NADA value, up to 125%. Depending on your credit will determine your rate. I got my CR at 2.69% for 5 years..... CR's sell well above market value.
Reply
Old Feb 12, 2015 | 08:10 PM
  #5  
Sabre's Avatar
Community Organizer
20 Year Member
Photogenic
Photoriffic
 
Joined: Jan 2006
Posts: 7,961
Likes: 12
From: Oregon City, OR
Default

Buying an S2ki might be kind of spendy.

Buying an S should be easy


I got my 07 at 1.99% 60mo through Selco last March with 0 down.
They didn't even bat an eye
Reply
Old Feb 12, 2015 | 08:12 PM
  #6  
rob-2's Avatar
Registered User
 
Joined: Jul 2009
Posts: 8,655
Likes: 171
Default

Bank of america 10 years or 125k max on used cars.
Reply
Old Feb 13, 2015 | 02:49 AM
  #7  
Memo6453's Avatar
 
Joined: Dec 2009
Posts: 2,099
Likes: 17
From: Miami
Default

although i dont bank with Bank of America. their rates were better than my CU... I purchased last June an '07 for $26k... I put down $6 and financed $20k @ 3.35% for 60 months (private Sale)
Reply

Trending Topics

Old Feb 13, 2015 | 03:02 AM
  #8  
Chuck S's Avatar
Member (Premium)
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Jul 2014
Posts: 13,827
Likes: 1,549
From: Chesterfield VA
Default

Should be available.

I bought my '06 from a Honda dealer last year and they were pushing low interest financing via their bank.

I deal with USAA bank and for car purchases they'll send an "electronic check" to the dealer within minutes based on a phone call.

For ease of purchase and cash-flow I financed the car for 5 years. Last payment will be late this month to get it paid off in 7 months. Reminds me I need to call the bank for the amount of the last check.

-- Chuck
Reply
Old Feb 13, 2015 | 03:25 AM
  #9  
Super Nintendo Chalmers's Avatar
10 Year Member
 
Joined: May 2014
Posts: 427
Likes: 2
Default

Originally Posted by rob-2
Bank of america 10 years or 125k max on used cars.
125k miles? Must be nice, my CU puts the cap at 100k. If it was 125k my buying options would've increased greatly.
Reply
Old Feb 13, 2015 | 03:28 AM
  #10  
AE_Racer's Avatar
10 Year Member
Photogenic
Photoriffic
 
Joined: Apr 2011
Posts: 3,643
Likes: 7
From: Florida
Default

Damn.. Looks like I need a CU. Compared to you guys' rates USAA is screwing me on my TSX loan lol (05 with 98k when I bought it)
Reply



All times are GMT -8. The time now is 10:06 AM.