Just wondering if anyone has had trouble getting financing for this older cars 01 s 02 s ? . I know I need to call my CU to find out but just wanted to get some feedback .

thanks

 

Nope, credit union works just fine .

 

CU would've loaned like $100k @ 1.49 up to 5 years for the GT2 when I was shopping.

Crazy.

 

First I financed through PenFed at 1.49%. Then, before even making my first payment my local credit union sent me an offer saying they could beat any other offer and give me $100. So I got an even better rate at my local CU. My local CU does not normally like to do cars older than about 6 or 7 years but given the 911 is a little more special than something generic and holds its value better it was easy to get them to take the loan.

 

Awesome , I need to conatct my CU to see what kind of rate they can get me . thanks all !!!

 

Given the current price of them paying cash is pretty reasonable. That being said I did finance half of my car through Penfed at 1.45%. Doesn't really make sense to pay it off given such a low rate.

 

Unfortunately it looks like PenFed is up to 2.49% now.

 

cash for toys or i dont buy them.

 

you guys have insane low rate! here in canada your lucky if you can get 4% ! but personally i would never finance toys ! just to compare financing house here cost now 2.8% 5 year morgage

 

Finance the toy and invest the cash . Win win.

 

Lucky you !!!

 

I got a loan thru Penfed, @1 year ago
2.49%, 5 year loan
Financed 28k, cash for the rest.

 

I have the opposite philosophy on this.

If it is between the house and a toy I would rather finance the toy. If I lose my job and want to eliminate monthly expenses quick I can sell a car quicker than I can the house... but even if I could sell the house quickly I would need some place to live. There are also additional costs involved in selling a house not incurred in selling a car.

Obviously, ideal is to be able to pay cash for everything, unless you can make a sure thing of making more money by investing it over what you would pay in financing. Unfortunately, being young I have not had the time to build up the wealth to own my home outright or a nice car. My goal for my next house is large down payment and pay the thing off as quickly as possible. With how things are looking I don't think my interest rate on my next house will be as good as my current.

 

Cash here but I'm afraid my wife won't let me upgrade in the near future. She wants a larger house and yard.

 

Just went up today, my sis in law just financed through Penfed Monday and it was still 1.74%. With interest that low, it really doesn't make sense to pay in cash and I am the pay in cash type of person.