Congrats! Good to see that financing is an option to make the NSX dream a reality!
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Paid off the NSX today!
- Thread starter brahtw8
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Congrats! Must be nice.:biggrin:
Forget buying another one, Its time to mod the crap out of it now.:biggrin:
Forget buying another one, Its time to mod the crap out of it now.:biggrin:
ponyboy stated it correctly. i believe the key word is "credit union". i purchased my '94 in 2004 and my credit union considered it a "luxury vehicle" based on the sticker price when it was new. they had to inspect the vehicle and since it was in pristine condition they approved the loan.
i had good credit and they financed 100% of the purchase price. if all federal credit unions operate by the same guidelines, my credit union in florida said they would finance 100% for 84 months, so other federal credit unions should as well.
as stated above, don't depend on the banks.
i had good credit and they financed 100% of the purchase price. if all federal credit unions operate by the same guidelines, my credit union in florida said they would finance 100% for 84 months, so other federal credit unions should as well.
as stated above, don't depend on the banks.
You are most velcome......
I have near perfect credit and no problem getting a loan back in 03 for my 92 model that was for ~$32k from my credit union.
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Maybe it's a military thing and a Navy Federal Credit Union thing and the fact that I have an extremely slim chance of losing my income...but I got approval for up to $44,000 pre-approved at 5.25% interest, looking for '95 or newer NSX's. They had to locate it in their "classic car" database which I thought was pretty neat.
No inspection necessary. They just checked on the value of whatever model year in that database.
I got a worse interest rate (5.5%) going for a 2004 model RL last year, which is within their 7 year range before they make it a signature loan for higher interest.
Congratulations on owning the car though! I hope to have mine paid off before the end of the year.
No inspection necessary. They just checked on the value of whatever model year in that database.
I got a worse interest rate (5.5%) going for a 2004 model RL last year, which is within their 7 year range before they make it a signature loan for higher interest.
Congratulations on owning the car though! I hope to have mine paid off before the end of the year.
Nothing like that feeling of paying off your car! Great going and happy trails - now keep it safe! All the best.
congrats man...isn't it a great feeling :smile:
unfortunatly i did it the hard way. waited till i had enough cash to pay for it, could have hade 5 years sooner but i hate giving banks money. 9% what a joke
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After driving it for 5 months this past summer i would have paid the extra thousands of dollars to drive it for the last five years. hope knowone else makes my mistake:biggrin:
have fun and isn't it even better driving knowing it's yours not the banks?
unfortunatly i did it the hard way. waited till i had enough cash to pay for it, could have hade 5 years sooner but i hate giving banks money. 9% what a joke
. After driving it for 5 months this past summer i would have paid the extra thousands of dollars to drive it for the last five years. hope knowone else makes my mistake:biggrin:
have fun and isn't it even better driving knowing it's yours not the banks?
Congrats man!!! I bet it feels great .
This is something I'm contemplating at the moment. It would be nice to get an NSX this summer and I think I could have close to half for a well maintained early model NSX by June/July. Only thing that means I would need to finance the other half and I'm not part of a credit union.
My sister's fiance was telling me taking out a credit line might be a good idea. Apparently he has a 15k credit line for college to help pay off tuition bills. From his explanation it's like a credit card, without the card, and much more money available then a card. If anything I would like to take out a 15-20 credit line and have a little extra left over incase anything comes up.
But being in Debt sucks and I don't know if I rather just not do anything and avoid it.
.This is something I'm contemplating at the moment. It would be nice to get an NSX this summer and I think I could have close to half for a well maintained early model NSX by June/July. Only thing that means I would need to finance the other half and I'm not part of a credit union.
My sister's fiance was telling me taking out a credit line might be a good idea. Apparently he has a 15k credit line for college to help pay off tuition bills. From his explanation it's like a credit card, without the card, and much more money available then a card. If anything I would like to take out a 15-20 credit line and have a little extra left over incase anything comes up.
But being in Debt sucks and I don't know if I rather just not do anything and avoid it.
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