Kayaknfly

Im working with a local credit union on running finance numbers etc for a 997.1 Turbo, so if/when one pops up I'll be all set etc to purchase. Problem I'm running into is the NADA values the bank is using to estimate the car's value. 2007 997 manuals show anywhere from 55k-65k. Which is way lower then most the decent manual cars go for. Not to mention the nicer ones with lower miles that are listed for $80k+ for 2008 or newer. Wondering what everyone else has done for financing or finding realistic values to show the bank. Unfortunately they are stuck on NADA values and base it off the VIN of the car.
I'd like to use my bank if possible as they have better rates then anywhere else(3-4.5% depending on term).
most bank auto loans now are putting 2007 model years around 7% due to the age of vehicle.
If anyone has any input or suggestions please let me know. Also anyone know woodsides current rates? Looked at them about a year ago and it was above 5% but not sure how they do loan to value ratios either.
Any help is appreciated.
Thanks!

Alan A

Listed at...

Find sales comps.
That's really your only option, but I doubt even that will work.

tenaciousD

Try lightstream.com. I used them for my Cayman. If you have good enough credit they don't even put a lien on the car and they don't care what its value is. My rate is about 3%.

Have to have stellar credit, though.

Kevin

I am the Walrus

Yes, you can do a "sold" search on eBay to see what they are going for

Carsly

I doubt banks or credit unions are going to take sales data you're providing as it is just a few observations which could be biased high.

Best bet is to pay cash.

That failing, finance whatever they allow - it is a ten year old car after all so any financing is a meaningful risk on their part. Heck, if they even consider financing half consider it a win.

Kayaknfly

Thanks for the info.
Will ask about the comps with local bank to see.
Was wondering where to get sold prices, didn't realize you could pull up past eBay sales.
I'll check out lightstream, looked at them before, rates weren't as good. Credit isn't an issue. But that's great to know about no lien etc, much easier.

Carsly

oh, and try Pentagon Federal Credit Union. I believe they finance up to ten years old at the same rate.

Kayaknfly

I'll check them out. Wonder if they'd work with someone not local etc.
thanks.