Go Back   F150online Forums > Owner's Connection > General Discussion
Sign in using an external account
Register Forgot Password?
Register Photos Vin Decoder FAQ Members Search Today's Posts Mark Forums Read Vendor DirectoryGarage

General Discussion
SPONSORED BY:

Welcome to F150Online Forums!
Welcome to F150Online.com.

You are currently viewing our forums as a guest, which gives you limited access to view most discussions and access our other features. By joining our community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the F150Online Forums community today!





Reply
 
 
 
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-28-2006, 12:37 PM
Senior Member
Garage is empty, add now
 
Join Date: Feb 2003
Location: SW MO
Vehicle: 1967 Plymouth Belvedere
Posts: 984
How old of a vehicle will banks finance?

I'm curious is there a website that will tell me on average how many years most banks would finance different years of vehicles?

I've had a few guys ask to trade for my Stang, but I'd probably have to get a loan for whatever it was, and I'm just curious how old of a vehicle I could get financed...
__________________

Except for the American woman, nothing interests the eye of the American man more than an automobile, or seems so important to him as an object of aesthetic appreciation.
Alfred Hamilton Barr, Jr., 1902 - ‘81, US art historian and first director of the Museum of Modern Art, New York.

Closer's Gallery
Reply With Quote
  #2  
Old 04-28-2006, 12:43 PM
Senior Member
Garage is empty, add now
 
Join Date: May 2005
Location: LA- Lower Alabama
Vehicle: 2004 Ford F150
Posts: 208
My bank will finance just about anything, just as long as you aren't asking for more than the vehicle is worth.
example: they would give you a loan for a 1996 Ford Tempo, but they won't give you a loan for $20,000 for a 1996 Ford Tempo
Reply With Quote
  #3  
Old 04-28-2006, 12:48 PM
Senior Member
Garage is empty, add now
 
Join Date: Dec 2003
Location: Mount Airy,MD
Vehicle: 2009 Ford F150
Posts: 6,550
Quote:
Originally Posted by closer9
I'm curious is there a website that will tell me on average how many years most banks would finance different years of vehicles?

I've had a few guys ask to trade for my Stang, but I'd probably have to get a loan for whatever it was, and I'm just curious how old of a vehicle I could get financed...
I think that will all depend on the the vehicle you are trying to finance and what kind of market value it has. If you are trying to get a loan on a sixties vehicle worth $250k, you will get some kind of a loan. If you are trying to finance an 80s or 90s vehicle worth $1k, I doubt it. It would also depend on how much you are trying to finance. If trying to finance $10k on a vehicle worth $7k you won't get a loan. If trying to finance $2k on a $10k car, you will probably get the loan, but at higher rate than what you can get from the same place for a new vehicle.
Reply With Quote
  #4  
Old 04-28-2006, 12:57 PM
Senior Member
Garage is empty, add now
 
Join Date: Feb 2003
Location: SW MO
Vehicle: 1967 Plymouth Belvedere
Posts: 984
I'm talking late 90's early 00's. I'm just curious how many years they'll go not how much money they'll loan. I know loan values vary greatly depending on model, options, etc...

But in the past I remember banks saying for example a 4 year old vehicle they would only loan for say 36 months... that kind of thing is what I want to know...
__________________

Except for the American woman, nothing interests the eye of the American man more than an automobile, or seems so important to him as an object of aesthetic appreciation.
Alfred Hamilton Barr, Jr., 1902 - ‘81, US art historian and first director of the Museum of Modern Art, New York.

Closer's Gallery
Reply With Quote
  #5  
Old 04-28-2006, 01:12 PM
Senior Member
Garage is empty, add now
 
Join Date: Jan 2006
Location: Bismarck, ND
Vehicle: 2011 Ford F150
Posts: 192
Quote:
Originally Posted by closer9
I'm talking late 90's early 00's. I'm just curious how many years they'll go not how much money they'll loan. I know loan values vary greatly depending on model, options, etc...

But in the past I remember banks saying for example a 4 year old vehicle they would only loan for say 36 months... that kind of thing is what I want to know...
Thats been my experience that a 4+ year old car they will not put a loan for more than 36 months. Unless of course if its a collector car, etc. But some banks are more leinient on it than others. Some will do a 5 year loan on an expensive car that is 4 years old but not on a Hyundai. I'd either just go and ask the bank what their policy is or look online.
Reply With Quote
  #6  
Old 04-28-2006, 01:43 PM
Senior Member
Garage is empty, add now
 
Join Date: Jun 2004
Location: Houston, TX
Vehicle: 2005 Ford F-150
Posts: 2,496
I thought you were selling the 'Stang to lose a car payment -- if you're taking one out as part of some kind of trade, aren't you defeating the primary purpose you're selling the thing???

Reply With Quote
  #7  
Old 04-28-2006, 02:09 PM
Senior Member
Garage is empty, add now
 
Join Date: Feb 2003
Location: SW MO
Vehicle: 1967 Plymouth Belvedere
Posts: 984
Quote:
Originally Posted by ddellwo
I thought you were selling the 'Stang to lose a car payment -- if you're taking one out as part of some kind of trade, aren't you defeating the primary purpose you're selling the thing???

Yes, but if I can cut my payment in half I've halfway accomplished my task... I can't keep the Camino for ever, and I won't use my Belvedere as a daily driver, so eventually I'll have to get something else...

I'm not saying I'll do it, but not saying I won't either...
Reply With Quote
  #8  
Old 04-28-2006, 02:16 PM
Senior Member
Garage is empty, add now
 
Join Date: Dec 2001
Location: North of Dallas, South of Frisco
Vehicle: 2007 Ford Edge
Posts: 752
Send a message via Yahoo to Bighersh
Banks, like finance companies (Honda Credit, GMAC, Ford Credit, etc..) have gotten a little more flexible in recent years, but- the manufacturer, and mileage has as much to do with financing as does the age of the car.

If it's over 3-4 years old, and American built, but has north of 100,000 miles. You'd better bring a big check with you if you hope to get financed (20 - 30% down). But, the same year, and mileage on a Honda, Nissan, Toyota, Lexus, Infiniti, Acura, and you'll get financed quickly...

The only American built vehicle that the banks will touch in that scenario, is a truck. No matter what, a truck is a truck, and when it has lost it's appeal and style when pulling up at valet parking, it can still find full time employment an any farm, and still last another 10 years.

Once you've beat the life out of a car; it's only good for short trips to the grocery store, and around town...

My wife used to sell cars, so I know a thing or two about the how to's and why for's...
Reply With Quote
  #9  
Old 04-28-2006, 04:32 PM
Senior Member
Garage is empty, add now
 
Join Date: Sep 2005
Location: Atlanta, GA
Vehicle: 1998 Lincoln Navigator
Posts: 2,617
Several years ago, I financed (just 12 months) a 1976 Jeep CJ5. I only financed like $1500 of it, but they did it (with collateral of course)
Reply With Quote
  #10  
Old 04-28-2006, 05:05 PM
Technical Article Contributor
2005 Ford F-150
 
Join Date: Aug 2005
Location: New Port Richey, FL
Vehicle: 2005 Ford F150
Posts: 2,332
Send a message via AIM to tardman91
A few years back I financed a 3 year old truck for 5 years.
Just like it's been said before, I believe it all has to do with how much you'd like to borrow versus how much the vehicle is worth. With most places I'm pretty sure there aren't age/term limits.
Reply With Quote
  #11  
Old 04-28-2006, 05:10 PM
Senior Member
Garage is empty, add now
 
Join Date: May 2005
Location: LA- Lower Alabama
Vehicle: 2004 Ford F150
Posts: 208
here's a link to my banks website with all their rates and lengths and such. I would assume that most banks are about the same to be competitive.

http://www.aacfcu.com/loanrates.shtml
Reply With Quote
Old 04-28-2006, 05:10 PM


 
 
 
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


All times are GMT -4. The time now is 02:16 PM.


 
This forum is owned and operated by Internet Brands, Inc., a Delaware corporation. It is not authorized or endorsed by the Ford Motor Company and is not affiliated with the Ford Motor Company or its related companies in any way. Ford® is a registered trademark of the Ford Motor Company
Contact Us Advertising Privacy Statement Terms of Service Jobs Forum Text Archives
Emails & Contact Details