06-12-2004, 11:35 AM
sorry, all my loans are through credit union. 60 month loan on an older car (>5 years) is nearly impossible, as well as that low of an interest rate. My initial loan was 3 years at 11.25, but that was b/c I had no credit. I refinanced it last year, but it still had to be 3 years, but I got it down to 8.25 b/c I had established myself. There was still no way they would offer a long term loan, nor a low APR.
If you can get a OBDII E36 at 4% without any kind of inside help or anything, I will change where I do business. As for the way you are planning this financing, it looks good b/c you can probably get those terms on a G35, but you might want to plan on a 3 year, 9% loan on the M3 to make an equal comparo.
And yes, I realize you got a low APR on your ITR, RJ, but it is a '00, which would be considered fairly low risk in the car financing world, especially if you had pretty decent credit.
If you can get a OBDII E36 at 4% without any kind of inside help or anything, I will change where I do business. As for the way you are planning this financing, it looks good b/c you can probably get those terms on a G35, but you might want to plan on a 3 year, 9% loan on the M3 to make an equal comparo.
And yes, I realize you got a low APR on your ITR, RJ, but it is a '00, which would be considered fairly low risk in the car financing world, especially if you had pretty decent credit.