E90/e92 financing

[dantm3]

Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.

[oolas3]

Try DCU credit union.

[SAMM3Y]

Lightstream

[CHE///MIST3]

Almost all credit unions will use NADA values which are stupidly low. In fact, they value cars with sunroof and auto trans as a little more valuable and even if you go in and quadruple the miles on the calculator it barely makes a difference.

If you have good credit and decent income use Lightstream you may be able to score 8-9% interest on the amount you want.

[VR1]

https://www.dcu.org/about/rates.html

I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.

[CHE///MIST3]

Originally Posted by VR1

https://www.dcu.org/about/rates.html

I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.

Well, they turned ME down. Once I was accepted for the amount I wanted at a nice APR, they then asked me to give the seller an "intent of sale" form and when the rep started digging a little more she asked for the VIN and it was all downhill from there. They offered to finance barely like $23K of the car's selling price (approx $48K...and it is a very nice, low mileage example.

Frustratingly enough some credit unions are totally fine financing $48K for a 2012 Carrera S with 97,000 miles. NADA values are bizarre..

[BryanCO]

Originally Posted by dantm3

Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.

You have a 22 M3? Assume its paid for (why else would you be looking for finance the full amount of a 10+ yr old car), so refinance that car.

[SM2]

Starting this thread up again after a couple of years. DCU, appears to be having a lot of issues with current members. I've been approved by both DCU and Lightstream, wondering if there are any other options worth checking. I'm fine with DCU terms but the negative reviews makes second guess that choice.

[omgzirra_exe]

Originally Posted by SM2

Starting this thread up again after a couple of years. DCU, appears to be having a lot of issues with current members. I've been approved by both DCU and Lightstream, wondering if there are any other options worth checking. I'm fine with DCU terms but the negative reviews makes second guess that choice.

just check with your local credit union, you can even use navyfed if you wish with a small donation.

[SM2]

Originally Posted by omgzirra_exe

just check with your local credit union, you can even use navyfed if you wish with a small donation.

Thanks, CU won’t work at the moment. I will need about half down because they use NADA.

[dantm3]

Originally Posted by BryanCO

You have a 22 M3? Assume its paid for (why else would you be looking for finance the full amount of a 10+ yr old car), so refinance that car.

This thread is a few years old haha…. I have an m3 but at the time of posting I didn’t have it

[Soden82]

I just used Pen Fed Credit Union to finance my wife’s SQ5 that I bought private sale. It was all pretty quick and seamless.