993 Last generation normally aspirated aircooled Porsche 911. Community includes the C2, C2s, C4, Targa, C4s and cabriolet discussion.

Financing older cars

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Old 03-17-2007 | 01:13 AM
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Financing older cars

I'm trying to line up some financing for either a 95' 993 or a 89' 964. Anyone know of a good lending institution that would finance such a car?

TIA
 
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Old 03-17-2007 | 06:20 AM
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I know this isn't the answer to your question, but consider it.

The 964 should not run you more than $20K, the 993 really no more than high-20s. I don't mean this in a bad way, but considering parts/service on these cars, if you can't come up with that much cash, you can't realistically afford the car.
 
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Old 03-17-2007 | 09:41 AM
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993's in the high 20's ..I'll take two

Try pennfed.org or capitol one.
 
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Old 03-17-2007 | 11:33 AM
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I don't think that's necesarly true. I use to work for a Porsche dealership and still can get deals on parts and the mechanics will work on my car outside of work. And I thought these cars were fairly reliable to begin with.

Originally Posted by ZAMIRZ
I know this isn't the answer to your question, but consider it.

The 964 should not run you more than $20K, the 993 really no more than high-20s. I don't mean this in a bad way, but considering parts/service on these cars, if you can't come up with that much cash, you can't realistically afford the car.
 
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Old 03-17-2007 | 11:34 AM
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thanks. i'll look into those places.
Originally Posted by trinitony
993's in the high 20's ..I'll take two

Try pennfed.org or capitol one.
 
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Old 03-17-2007 | 11:57 AM
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pennfed won't do cars that old
 
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Old 03-17-2007 | 12:05 PM
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found http://www.jjbest.com. they will for 9%. does that sound about right?
 
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Old 03-21-2007 | 03:09 PM
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home equity loan? You get a tax write off and lower interest than an auto loan.

Of course you have to own a home and have equity and i don't know your situation. Just putting out some other ideas.
 
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Old 03-24-2007 | 11:49 PM
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Originally Posted by ZAMIRZ
I know this isn't the answer to your question, but consider it.

The 964 should not run you more than $20K, the 993 really no more than high-20s. I don't mean this in a bad way, but considering parts/service on these cars, if you can't come up with that much cash, you can't realistically afford the car.
993's in the high 20's??????? You can't buy a totalled 993 for that. WoW
 
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Old 03-25-2007 | 03:38 PM
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Try a local credit union, they usually will finance the older cars. If you were in california I could refer you to a couple of ones. Good Luck!!!
 
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Old 03-25-2007 | 07:17 PM
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Originally Posted by blakshukvw
993's in the high 20's??????? You can't buy a totalled 993 for that. WoW
A '95 993 with fairly average miles can be found in high-20s...you see them advertised for more $$$, but what they're adv. as and how much they change hands for are two different #s.
 
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Old 03-25-2007 | 11:07 PM
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Originally Posted by ZAMIRZ
A '95 993 with fairly average miles can be found in high-20s...you see them advertised for more $$$, but what they're adv. as and how much they change hands for are two different #s.
You are right. I have seen plenty 95's for 25-29 with ok miles. Most 993 owners price their cars way too high and either take a lot less or sit on them forever.
 
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Old 04-06-2007 | 01:36 AM
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HELOC's work great, ie Home Equity Line Of Credit
 
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Old 04-08-2007 | 04:42 PM
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There are plenty of places that will finance

I was in the same boat a few weeks ago looking for mine.
I ended up in a 95 with 70k miles for 27. Car was in GREAT shape, good PPI, etc.

I found financing through capitol one, bank of america, usaa, and a few others. Interest was anywhere from 6% and up, most were less tahn 12%





that said, I had some lady pull out in front of me in my week old baby so I'm now waiting on repairs. Haven't even had it long enough to make a payment!
 
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Old 04-12-2007 | 05:34 PM
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fyi, capital one financed me. yay. picking up my ride this weekend!!!
 


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