Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.
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01-07-2025LAST POST
Try DCU credit union.
Lightstream
Almost all credit unions will use NADA values which are stupidly low. In fact, they value cars with sunroof and auto trans as a little more valuable and even if you go in and quadruple the miles on the calculator it barely makes a difference.
If you have good credit and decent income use Lightstream you may be able to score 8-9% interest on the amount you want.
If you have good credit and decent income use Lightstream you may be able to score 8-9% interest on the amount you want.
https://www.dcu.org/about/rates.html
I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.
I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.
VR1 wroteWell, they turned ME down. Once I was accepted for the amount I wanted at a nice APR, they then asked me to give the seller an "intent of sale" form and when the rep started digging a little more she asked for the VIN and it was all downhill from there. They offered to finance barely like $23K of the car's selling price (approx $48K...and it is a very nice, low mileage example.https://www.dcu.org/about/rates.html
I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.
Frustratingly enough some credit unions are totally fine financing $48K for a 2012 Carrera S with 97,000 miles. NADA values are bizarre..
dantm3 wroteYou have a 22 M3? Assume its paid for (why else would you be looking for finance the full amount of a 10+ yr old car), so refinance that car.Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.
Starting this thread up again after a couple of years. DCU, appears to be having a lot of issues with current members. I've been approved by both DCU and Lightstream, wondering if there are any other options worth checking. I'm fine with DCU terms but the negative reviews makes second guess that choice.
SM2 wrotejust check with your local credit union, you can even use navyfed if you wish with a small donation.Starting this thread up again after a couple of years. DCU, appears to be having a lot of issues with current members. I've been approved by both DCU and Lightstream, wondering if there are any other options worth checking. I'm fine with DCU terms but the negative reviews makes second guess that choice.
omgzirra_exe wroteThanks, CU won’t work at the moment. I will need about half down because they use NADA.just check with your local credit union, you can even use navyfed if you wish with a small donation.
BryanCO wroteThis thread is a few years old haha…. I have an m3 but at the time of posting I didn’t have itYou have a 22 M3? Assume its paid for (why else would you be looking for finance the full amount of a 10+ yr old car), so refinance that car.
I just used Pen Fed Credit Union to finance my wife’s SQ5 that I bought private sale. It was all pretty quick and seamless.
+ for Pen Fed. Finance my e93 M3.Quick and seamless.
I'm not in the market, but just curious - what rates are folks getting to finance a 10+ year old car? Brand new cars nowadays have wild rates. Are people buying these with double digit interest?
spazzyfry123 wroteI was approved for 6% this week on a 2012.I'm not in the market, but just curious - what rates are folks getting to finance a 10+ year old car? Brand new cars nowadays have wild rates. Are people buying these with double digit interest?
GOFAST M3 wrotewhat was your credit score may i ask and how much down? been trying to get a m3 for years as its my dream carI was approved for 6% this week on a 2012.
BMWJU wroteMy advice to you, wait until you don't have to ask that question.what was your credit score may i ask and how much down? been trying to get a m3 for years as its my dream car
Not meaning to insult, only want to help.
My credit is high 700 to low 800 and I put 25% or $10K down. I went through a local Credit Union, and believe my rate is particularly good in this environment. They loaned around 118% of the loan to value I believe as well.
Going outside the credit union, I think 7.25% was my next best offer, with Lighstream I believe it was.
Going outside the credit union, I think 7.25% was my next best offer, with Lighstream I believe it was.
Chiming in to +1 on Navy Federal.
They financed $30k on my old E60 M5 6-Speed manual about 2 years ago. Their system originally was going to deny it since the KBB values on E60 M5's are sub >$20k, but a senior underwriter went in and approved it immediately.
Ended up selling that car for my current '18 F80 ZCP, also financed through Navy Fed. Got 7% @ $50k ~6 months ago with a long line and history of positive credit. I think rates have come back down a bit since then. Great union, 100% recommend them.
They financed $30k on my old E60 M5 6-Speed manual about 2 years ago. Their system originally was going to deny it since the KBB values on E60 M5's are sub >$20k, but a senior underwriter went in and approved it immediately.
Ended up selling that car for my current '18 F80 ZCP, also financed through Navy Fed. Got 7% @ $50k ~6 months ago with a long line and history of positive credit. I think rates have come back down a bit since then. Great union, 100% recommend them.
MTiz wroteSorry to revive this thread…Chiming in to +1 on Navy Federal.
They financed $30k on my old E60 M5 6-Speed manual about 2 years ago. Their system originally was going to deny it since the KBB values on E60 M5's are sub >$20k, but a senior underwriter went in and approved it immediately.
Ended up selling that car for my current '18 F80 ZCP, also financed through Navy Fed. Got 7% @ $50k ~6 months ago with a long line and history of positive credit. I think rates have come back down a bit since then. Great union, 100% recommend them.
Happy new years!
I recently tried to finance through navy fed. I was buying an 08 e92 m3. It had 73k miles and one owner. It was extremely clean and going for 26k before taxes and such (originally valued at 32k). Funny thing is… I bought the car, took it home (40 min drive), all for the dealer to call back and say that navy fed only wanted to give 15k for the car. WHAT? Apparently they get their values through jdpower. According to them, people have been buying early model e92 m3s for as low as 9k. But 2012 and up is worth 20k+. I call BS.
Was definitely a sad day. I had bought my dream car just to give it back😔 If only a higher up could’ve chimed in and approved it. Still sucks
