People getting loans with Penfed

[yoojeankim]

How easy was it? Do they use nada on the nsx value?
I was gonna go through my credit union again but they want me to appraise it which is another $200 and so on so forth. They honestly were questioning on how "dumb" i was because there was no NSX in their Nada book. Never done a loan through online.

thanks
dan

 

[dawk]

May be listed under "classic car" in NADA. http://www.nsxprime.com/forums/showthread.php?t=139818&highlight=loan

 

[yoojeankim]

i told them that... they still didn't understand. Even the VIN # i gave them didn't come up in both credit union database... i already pulled a carfax on it too

guess i'll call them again and see.

 

[ForceFed]

My loan was through Industrial Credit Union. They couldnt find it either until they looked under classic cars and found it. I didnt have to get it appraised however.

There system loans just a set amount per every year of the vehicle. For example mine is a 91, which according to their system loans up to 22,500 for any 91.

If the car was more than that you would just need to pay extra out of pocket. I was able to get 5.1% interest although based on the year only able to get a 3 year loan. With the money I had down my car payment isnt bad at all.

My loan officer my family deals with googled an Acura NSX and she just laughed when I came in because of course all the race built NSX came up and thought thats what I was buying for a daily driver lol.

 

[yoojeankim]

just got off the phone. Same lady... told her to look under the class section... DING! there was the nsx. thanks fellas.

 

[E-Nough Logic]

this information should be a wiki or sticky somewhere about financing the nsx. this is a very common question for financing and registering. even the vin wont bring up that its an nsx, only that it is an acura. i talked to 3 banks, 2 used the nada value and said 27k, one bank used something else and they valued a 1992 nsx at 14k dollars, not sure what service they use but it was completely inaccurate.

 

[yoojeankim]

this information should be a wiki or sticky somewhere about financing the nsx. this is a very common question for financing and registering. even the vin wont bring up that its an nsx, only that it is an acura. i talked to 3 banks, 2 used the nada value and said 27k, one bank used something else and they valued a 1992 nsx at 14k dollars, not sure what service they use but it was completely inaccurate.

if i knew the NADA classic car trick i wouldn't have paid 200$ for a certified appraisal but then again the appraiser did give me more then it was worth on NADA. This time around i don't want to waste my time because seems as if the NADA guide is pretty accurate with the pricing of the nsx.

 

[GBL1]

There system loans just a set amount per every year of the vehicle. For example mine is a 91, which according to their system loans up to 22,500 for any 91....


My loan officer my family deals with googled an Acura NSX and she just laughed when I came in because of course all the race built NSX came up and thought thats what I was buying for a daily driver lol.

In Touch Credit Union (formerly EDS CU) has the exact same lending amounts for a '91 NSX...BUT, it has to have less than 80K miles.


Too funny! It's obvious that CU staff are not "car people". They just know their Camrys & Accords...

You should have told her, "Yes, that's right. I need a race car b/c I want to make sure I'm never late for an appointment."