# Auto Financing - Options? **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [June 25, 2008, 6:38am UTC](https://forums.speedlife.net/t/auto-financing-options/50564 "2008-06-25T06:38:31Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 6:38am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/1 "2008-06-25T06:38:31Z")
So I was going to go through Capital One, but they have stopped giving loans for any used cars not purchased from a Dealer, meaning no private party purchases! Does anyone know of a decent lender that has decent rates for a 24-36month loan on $5000, for a private party auto purchase? ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [June 25, 2008, 6:40am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/2 "2008-06-25T06:40:40Z")
credit union /thread ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [June 25, 2008, 6:42am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/3 "2008-06-25T06:42:43Z")
very touchy area, expect super high interest rates. I just went through this with mine. Some banks are better than other. If I were you, I would go talk to someone at your bank, and if they can’t do a decent auto loan for you, maybe you can get a recommendation. I have also heard that credit unions are best. They will however, ask a lot of questions when only borrowing $5k. ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [June 25, 2008, 6:43am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/4 "2008-06-25T06:43:30Z")
got mine thru HSBC…with 5.5 interest. I was fairly surprised as I assumed it would be in th 7-8% range. also, 24 hour turn time on loan processing ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 6:48am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/5 "2008-06-25T06:48:17Z")
> [@Eazy716](#): > > got mine thru HSBC…with 5.5 interest. I was fairly surprised as I assumed it would be in th 7-8% range. > > also, 24 hour turn time on loan processing No shit, I have several accounts with HSBC - but their loan rates always seem high? Was the amount you borrowed similar? Did you apply at a branch, or online? ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 6:48am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/6 "2008-06-25T06:48:35Z")
> [@Viper966](#): > > credit union > > /thread Do you have a recommendation? ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [June 25, 2008, 6:49am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/7 "2008-06-25T06:49:15Z")
I got 6% from Erie Metro credit union on a 20K loan. I only joined them to get the loan, but it was kind of a promo… 5.5% from HSBC must have been a sweet promo, I NEVER see them that low. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [June 25, 2008, 6:49am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/8 "2008-06-25T06:49:50Z")
> [@dozr](#): > > Do you have a recommendation? im using morton lane, only because my mother is a member for working @ roswell… my m3 is financed at like 7.1% or something similar. that was 2 years ago when used auto rates were ~ 8% from capital 1 ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [June 25, 2008, 6:53am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/9 "2008-06-25T06:53:27Z")
I had 3.75% on my car and bike before paying them off… I could get it again today if I wanted. Employee CU ftw. ---
**Author:** ![93dx\_hatch](https://avatars.discourse-cdn.com/v4/letter/9/90ced4/32.png) [@93dx\_hatch](https://forums.speedlife.net/u/93dx_hatch)\ **Post date:** [June 25, 2008, 6:54am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/10 "2008-06-25T06:54:41Z")
[westerndivision.org](http://westerndivision.org) 4.75 on used auto loans, if you have excellent credit. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [June 25, 2008, 6:57am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/11 "2008-06-25T06:57:19Z")
> [@walter](#): > > I had 3.75% on my car and bike before paying them off… I could get it again today if I wanted. > > Employee CU ftw. Yeah, I think I am going to re-finance mine that way, once I am off of this stupid temp contract. ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [June 25, 2008, 6:58am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/12 "2008-06-25T06:58:12Z")
NFCU is the be all end all of credit unions. Good luck. ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [June 25, 2008, 7:01am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/13 "2008-06-25T07:01:46Z")
> [@dozr](#): > > No shit, I have several accounts with HSBC - but their loan rates always seem high? Was the amount you borrowed similar? Did you apply at a branch, or online? my loan ammt was $9800. Went in to the eastern hills branch saturday morn/afternoon at 11:45(15 mins before they close), had the approval sunday morning(she called me even though they were closed) and then picked up the check monday morning at the Depew branch. no hassles at all ---
**Author:** ![BluBalls](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bluballs/32/7212_2.png) [@BluBalls](https://forums.speedlife.net/u/BluBalls)\ **Post date:** [June 25, 2008, 7:07am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/14 "2008-06-25T07:07:32Z")
buffalo metro federal credit located at 62 South Elmwood ave. in Buffalo. :tup: to them. ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 7:09am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/15 "2008-06-25T07:09:23Z")
Thanks for all of the information guys, I appreciate it. ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [June 25, 2008, 7:11am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/16 "2008-06-25T07:11:04Z")
> [@dozr](#): > > Thanks for all of the information guys, I appreciate it. seriously, this was loaded w/ good info! ---
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [June 25, 2008, 7:25am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/17 "2008-06-25T07:25:19Z")
Tom, i just refianced through a company found by lending tree. They gave me about 6% apr. My credit union would not refinance on their own loan so i had to go elsewhere. Simple process got 3 bids and i took the best one. Good luck. ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [June 25, 2008, 7:30am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/18 "2008-06-25T07:30:26Z")
^^^rob, is there any kind of application fee or anything for lending tree? always wondered about that site and how well it worked. But never remember to actually take a look ---
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [June 25, 2008, 7:33am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/19 "2008-06-25T07:33:04Z")
> [@Eazy716](#): > > ^^^rob, is there any kind of application fee or anything for lending tree? always wondered about that site and how well it worked. But never remember to actually take a look No its free, all you do is put in your info and like 24 hours later you get a few emails about offers. Nothing shady or pushy. Works amazingly with car insurance too. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [June 25, 2008, 7:33am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/20 "2008-06-25T07:33:11Z")
> [@RobHimself](#): > > Tom, i just refianced through a company found by lending tree. They gave me about 6% apr. My credit union would not refinance on their own loan so i had to go elsewhere. Simple process got 3 bids and i took the best one. Good luck. nice, 6% is good. I was hoping that with the CU where I work, I could get it even lower though. [Next page](https://forums.speedlife.net/t/auto-financing-options/50564.md?page=2)