Car Loan places - Great Lakes 4x4. The largest offroad forum in the Midwest

Go Back   Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > The Pub
GL4x4 Live! GL4x4 Casino

The Pub A friendly forum where everybody is nice, and will answer any questions you have about life.

greatlakes4x4.com is the premier Great Lakes 4x4 Forum on the internet. Registered Users do not see the above ads.
Search
Reply
 
Thread Tools Search this Thread
Old February 22nd, 2008, 01:59 PM   #1
Chiefwoohaw
Pokerob is my B*tch!
 
Chiefwoohaw's Avatar
 
Join Date: 11-06-05
Location: Cincinnati, OH
Posts: 11,507
iTrader: (7)
Mentioned: 0 Post(s)
Default Car Loan places

I found an awesome truck but it's a 2000.

My bank will only give auto loans for 2001 or newer.

Have any of you guys tried working with say E-loans?

I am also thinking of a home equity line of credit which might be an option.

The truck is an old man owned F350 with 76xxx miles on it. He took his 5th wheeler down to Florida and back once a year It is also that ZF6speed instead of that auto which is a + in my eyes.
Chiefwoohaw is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old February 22nd, 2008, 02:33 PM   #2
capone
Senior Member
 
capone's Avatar
 
Join Date: 01-16-06
Location: Clinton Township
Posts: 3,214
iTrader: (52)
Mentioned: 1 Post(s)
Default

Have you thought about trying a Credit Union.
capone is offline   Reply With Quote
Old February 22nd, 2008, 02:35 PM   #3
MUDFLAPS
Chrome Trucker Chick
 
MUDFLAPS's Avatar
 
Join Date: 08-24-06
Location: Pennsylvania/Maryland
Posts: 3,179
iTrader: (2)
Mentioned: 3 Post(s)
Send a message via AIM to MUDFLAPS
Default

Try Co-op services credit union.
MUDFLAPS is offline   Reply With Quote
Old February 22nd, 2008, 03:45 PM   #4
nateacox
Member
 
Join Date: 08-14-07
Location: Traverse City, Michigan
Posts: 95
iTrader: (2)
Mentioned: 0 Post(s)
Default

NuUnion CU
nateacox is offline   Reply With Quote
Old February 22nd, 2008, 03:59 PM   #5
ScOoTeR
hoo dat. wat.
 
ScOoTeR's Avatar
 
Join Date: 11-09-05
Location: Howell
Posts: 21,554
iTrader: (35)
Mentioned: 10 Post(s)
Default

Depending on your credit, a home equity loan could have a better rate and you could write off the interest.
__________________
@clarkstoncracker
ScOoTeR is offline   Reply With Quote
Old February 22nd, 2008, 04:56 PM   #6
schweeb
spelling nazi
 
schweeb's Avatar
 
Join Date: 07-02-07
Location: Grosse Pointe Woods, MI
Posts: 2,563
iTrader: (3)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by ScOoTeR View Post
Depending on your credit, a home equity loan could have a better rate and you could write off the interest.
x2. Usually loans specifically for used vehicles are a ripoff.
__________________
[FlatFender]: ill put it like this, if she wasnt MY aunt, id hit on her
schweeb is offline   Reply With Quote
Old February 22nd, 2008, 11:58 PM   #7
Mommabear
Happy Happy Joy Joy
 
Mommabear's Avatar
 
Join Date: 04-24-06
Location: Elk Rapids Mi and San Jose California
Posts: 1,998
iTrader: (11)
Mentioned: 0 Post(s)
Default

You can only write off the interest on the home equity if you use it to improve the equity in the home. Sorry...

Also..with the new credit restrictions and with a huge portion of Michigan classified as a declining market you'll want to be careful depending on how much equity you do or do not have in your home.
Mommabear is offline   Reply With Quote
Old February 23rd, 2008, 09:14 AM   #8
fittergirl
Bird is my bitch
 
fittergirl's Avatar
 
Join Date: 11-07-05
Location: Fowlerville area
Posts: 1,404
iTrader: (6)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by MudMomma View Post
You can only write off the interest on the home equity if you use it to improve the equity in the home. Sorry...
That is what you are supposed to do, but they have to prove that you didn't. The IRS doesn't know what kinda shape your house is in so they really can't say what was an improvement. They are not looking to audit someone wrongly deducting 1k in home equity interest.
fittergirl is offline   Reply With Quote
Old February 23rd, 2008, 10:13 AM   #9
Dave Kerwin
web wheeling, hard.
 
Dave Kerwin's Avatar
 
Join Date: 11-18-05
Location: SE MI
Posts: 6,689
iTrader: (9)
Mentioned: 3 Post(s)
Default

credit unions don't care about the year of the vehicle, they only care about the credit worthiness of the applicant
Dave Kerwin is offline   Reply With Quote
Old February 23rd, 2008, 01:27 PM   #10
Mommabear
Happy Happy Joy Joy
 
Mommabear's Avatar
 
Join Date: 04-24-06
Location: Elk Rapids Mi and San Jose California
Posts: 1,998
iTrader: (11)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by fittergirl View Post
That is what you are supposed to do, but they have to prove that you didn't. The IRS doesn't know what kinda shape your house is in so they really can't say what was an improvement. They are not looking to audit someone wrongly deducting 1k in home equity interest.
I've had a couple of IRS audits over the years, the cost of the attorney and the aggravation isn't worth it so I try to not do anything to attract their attention.
Mommabear is offline   Reply With Quote
Old February 23rd, 2008, 01:42 PM   #11
PavementPounder
I am the law.
 
PavementPounder's Avatar
 
Join Date: 11-05-05
Location: Birmingham, Michigan 48009
Posts: 29,824
iTrader: (224)
Mentioned: 2 Post(s)
Default

Quote:
Originally Posted by capone View Post
Have you thought about trying a Credit Union.
Yes.

Quote:
Originally Posted by ScOoTeR View Post
Depending on your credit, a home equity loan could have a better rate and you could write off the interest.
Also a yes, if you have/can get one.

Quote:
Originally Posted by Dave Kerwin View Post
credit unions don't care about the year of the vehicle, they only care about the credit worthiness of the applicant
Uh, no.
PavementPounder is offline   Reply With Quote
Reply
Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > The Pub

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:04 AM.


Powered by: vBulletin, Copyright 2000 - 2012, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Page generated in 0.19241 seconds with 53 queries