Nissan 370Z Forum - View Single Post

daimon1313 · 09-21-2010, 01:08 PM

Falcor...here's what I would suggest.

I know this from experience. You're going to have a very, very hard time getting financing for a private sale like this, even with 12K to put down. Have you thought about taking that 12K, finding a similar used Z at a dealership and financing through them? They have primary lenders who will be able to get you a loan, although you're likely facing horrible interest rates.

I had to do this with my first car. I had 10K to put down, financed the rest. The interest rate was incredibly outlandish, but I was able to get the car, make payments and build my credit.

09-21-2010, 01:08 PM	#10 (permalink)
daimon1313 Base Member Join Date: Sep 2010 Location: Dallas, TX Posts: 56 Drives: '10 Hyundai Rep Power: 14	Falcor...here's what I would suggest. I know this from experience. You're going to have a very, very hard time getting financing for a private sale like this, even with 12K to put down. Have you thought about taking that 12K, finding a similar used Z at a dealership and financing through them? They have primary lenders who will be able to get you a loan, although you're likely facing horrible interest rates. I had to do this with my first car. I had 10K to put down, financed the rest. The interest rate was incredibly outlandish, but I was able to get the car, make payments and build my credit. __________________ Saving up now for a NISMO 40th Anniversary. Hopefully. Maybe. We'll see. Definitely a Z though.