Any good credit union/lenders in socal?

Saigon · 01-14-2009, 04:25 AM

My mom is in the market for a used IS250. I found one on craig's list for a pretty good price $26,500 w/ 13200 miles,Voice-Activated Navigation, Rear spoiler, Bluetooth Technology, Rear View Camera, Ipod Connection, 6 Disc Changer, Sun Roof, Push Button Start, Heated and Ventilated (A/C) seats, Dual Climate Control, 6-Speed Auto Transmission with Paddle Shifters on Steering Wheel, non-smoker. Bumper to bumper warranty.

My question is what should I offer and if you guys know any good banks/credit unions that will lend at a good rate for used cars? I'm thinking my best bet would be a local credit union. 5-7% would be fine. Just wanted some input. Thanks in advanced, greatly appreciated.

Perpetrator · 01-14-2009, 09:19 AM

Hey Jimmy! does your mom, or anyone else have a credit union through their work? that might be the best option. i can't think of any good lenders at the moment, but if something pops up, i'll let you know.

in5ane_3 · 01-14-2009, 10:11 AM

Jimmy the problem might now be with the credit union just lenders overall. My brother was in a market for a used Range Rover Sport and no one would give him the loan because he was buying used.

It took us two weeks to finally get the actual loan from Wescom at I think 6%.

PaulBailey@ltbmw · 01-14-2009, 10:26 AM

Jimmy. . . You might want to consider a 2008 BMW. . .
I know the price is a bit more but when you factor in the free maintainence, the zero miles that will be on it because it's new, and the incredible interest rate! I think its a better deal

in5ane_3 · 01-14-2009, 03:01 PM

Quote:

Originally Posted by xPaulBaiLeyx

Jimmy. . . You might want to consider a 2008 BMW. . .
I know the price is a bit more but when you factor in the free maintainence, the zero miles that will be on it because it's new, and the incredible interest rate! I think its a better deal

If you're interested in it I'd recommend this as well. From the looks of it you're interested in purchasing the car, if you want to go the BMW route I'd say lease an e90 328i and go from there.

You can get e90 328's for dirt cheap nowadays, something like $2500 and ~$370 a month included CA sales tax. My numbers may be a little higher than actual numbers you may get at the dealer.

RambleJ · 01-14-2009, 04:10 PM

I had previously used the Orange County Teachers Federal Credit Union.. now know as Schools First Credit union and they hooked me up with a loan for a used car the 3rd day after I joined.. Granted this was a couple years back..

SteveMondragon · 01-14-2009, 05:38 PM

The credit union I joned, Golden1 (open to anyone), offered 4.75% on their used auto loans (at least that's what it was when I checked on it last week for a truck I might pick up).

bigslickak · 01-14-2009, 06:43 PM

I sold my IS300 to a guy who went through Orange County Credit Union. Seemed like an easy process for both myself as the seller and him as the buyer/borrower. Also, I believe that anyone can join Orange County Credit Union (may have to live in Orange County).

nlakind · 01-14-2009, 06:52 PM

lockheed federal credit union is by far the best

Saigon · 01-15-2009, 12:30 AM

Quote:

Originally Posted by SteveMondragon

The credit union I joned, Golden1 (open to anyone), offered 4.75% on their used auto loans (at least that's what it was when I checked on it last week for a truck I might pick up).

Thanks to steve and everyone for help, this one is currently at 5.04%. I think I'll go with that one.
https://www.golden1.com/ProductsServ...px?rid=13&l=en

PaulBailey@ltbmw · 01-15-2009, 12:46 AM

Damn Jimmy!
You gotta add another BMW to the fam!

McLuVan · 01-15-2009, 01:18 AM

penfed
4.75% for 60 months

PaulBailey@ltbmw · 01-15-2009, 01:21 AM

Quote:

Originally Posted by McLuVan

penfed
4.75% for 60 months

What the *&^???
Seriously?
On used?
Where's you find that?
How?

nlakind · 01-15-2009, 11:42 AM

Quote:

Originally Posted by xPaulBaiLeyx

What the *&^???
Seriously?
On used?
Where's you find that?
How?

yea, mine is 4.9% for 60 mos..lcfu! but 4.7% is great too!

PaulBailey@ltbmw · 01-15-2009, 12:22 PM

Damn Those Are Almost As Good As Some New Car Interest Rates

Saigon · 01-15-2009, 03:50 PM

whats a good starting price to offer when bargaining? Going to take a look at it later today

Bimmer335i · 01-15-2009, 03:55 PM

navy fed has 4.25% for 07/08 models, and 4.75% for older models
new model is 3.75%, but i got mine a couple of yrs ago for 3.5%

01-14-2009, 04:25 AM	#1
Saigon Brigadier General 234 Rep 3,525 Posts Drives: BSM E92 335i Coupe Join Date: Jan 2008 Location: SoCal iTrader: (47)	Any good credit union/lenders in socal? My mom is in the market for a used IS250. I found one on craig's list for a pretty good price $26,500 w/ 13200 miles,Voice-Activated Navigation, Rear spoiler, Bluetooth Technology, Rear View Camera, Ipod Connection, 6 Disc Changer, Sun Roof, Push Button Start, Heated and Ventilated (A/C) seats, Dual Climate Control, 6-Speed Auto Transmission with Paddle Shifters on Steering Wheel, non-smoker. Bumper to bumper warranty. My question is what should I offer and if you guys know any good banks/credit unions that will lend at a good rate for used cars? I'm thinking my best bet would be a local credit union. 5-7% would be fine. Just wanted some input. Thanks in advanced, greatly appreciated. __________________ 07' Alpine White E93 335i M-Sport \| BMW Performance \| Beige l Piano Black l Sport l Premium l Heated l Navi \| Steptronic l Comfort Access l Logic7 l iPod & USB \|
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01-14-2009, 09:19 AM	#2
Perpetrator Lieutenant 20 Rep 407 Posts Drives: E90 330i Join Date: Dec 2007 Location: Fullerton, CA iTrader: (4)	Hey Jimmy! does your mom, or anyone else have a credit union through their work? that might be the best option. i can't think of any good lenders at the moment, but if something pops up, i'll let you know.
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01-14-2009, 10:11 AM	#3
in5ane_3 Lieutenant General 252 Rep 16,220 Posts Drives: M3 Join Date: Aug 2008 Location: Sun Valley, California iTrader: (3)	Jimmy the problem might now be with the credit union just lenders overall. My brother was in a market for a used Range Rover Sport and no one would give him the loan because he was buying used. It took us two weeks to finally get the actual loan from Wescom at I think 6%.
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01-14-2009, 10:26 AM	#4
PaulBailey@ltbmw General 663 Rep 26,878 Posts Drives: 2-325 330 2-335 2-Z4 2-135 X5d Join Date: Mar 2007 Location: Huntington Beach, CA iTrader: (34) Garage List 2008 BMW 335i E90 [7.00] 2011 BMW 335i E92 [7.96]	Jimmy. . . You might want to consider a 2008 BMW. . . I know the price is a bit more but when you factor in the free maintainence, the zero miles that will be on it because it's new, and the incredible interest rate! I think its a better deal
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01-14-2009, 04:10 PM	#6
RambleJ Colonel 60 Rep 2,014 Posts Drives: F10 535i M-sport Join Date: Oct 2008 Location: Back in teh so cal iTrader: (2)	I had previously used the Orange County Teachers Federal Credit Union.. now know as Schools First Credit union and they hooked me up with a loan for a used car the 3rd day after I joined.. Granted this was a couple years back..
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01-14-2009, 05:38 PM	#7
SteveMondragon Seaman 69 Rep 518 Posts Drives: E92 \| I01 \| G30 Join Date: Sep 2006 Location: LA iTrader: (4)	The credit union I joned, Golden1 (open to anyone), offered 4.75% on their used auto loans (at least that's what it was when I checked on it last week for a truck I might pick up).
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01-14-2009, 06:43 PM	#8
bigslickak Private First Class 3 Rep 134 Posts Drives: 335d sedan Join Date: Aug 2007 Location: Southern California iTrader: (1)	I sold my IS300 to a guy who went through Orange County Credit Union. Seemed like an easy process for both myself as the seller and him as the buyer/borrower. Also, I believe that anyone can join Orange County Credit Union (may have to live in Orange County).
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01-14-2009, 06:52 PM	#9
nlakind Brigadier General 390 Rep 3,305 Posts Drives: F80 M3 \| E30 M3 \|\| '51 Ford F1 Join Date: Mar 2007 Location: Los Angeles iTrader: (24)	lockheed federal credit union is by far the best __________________ KW-Suspension \|Lucent Motors \| Evolution Racewerks
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01-15-2009, 12:46 AM	#11
PaulBailey@ltbmw General 663 Rep 26,878 Posts Drives: 2-325 330 2-335 2-Z4 2-135 X5d Join Date: Mar 2007 Location: Huntington Beach, CA iTrader: (34) Garage List 2008 BMW 335i E90 [7.00] 2011 BMW 335i E92 [7.96]	Damn Jimmy! You gotta add another BMW to the fam!
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01-15-2009, 01:18 AM	#12
McLuVan Lieutenant General 304 Rep 13,114 Posts Drives: ///M3 Join Date: Jan 2008 Location: Socal~818~ iTrader: (1)	penfed 4.75% for 60 months
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01-15-2009, 12:22 PM	#15
PaulBailey@ltbmw General 663 Rep 26,878 Posts Drives: 2-325 330 2-335 2-Z4 2-135 X5d Join Date: Mar 2007 Location: Huntington Beach, CA iTrader: (34) Garage List 2008 BMW 335i E90 [7.00] 2011 BMW 335i E92 [7.96]	Damn Those Are Almost As Good As Some New Car Interest Rates
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01-15-2009, 03:50 PM	#16
Saigon Brigadier General 234 Rep 3,525 Posts Drives: BSM E92 335i Coupe Join Date: Jan 2008 Location: SoCal iTrader: (47)	whats a good starting price to offer when bargaining? Going to take a look at it later today __________________ 07' Alpine White E93 335i M-Sport \| BMW Performance \| Beige l Piano Black l Sport l Premium l Heated l Navi \| Steptronic l Comfort Access l Logic7 l iPod & USB \|
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01-15-2009, 03:55 PM	#17
Bimmer335i Major 49 Rep 1,353 Posts Drives: 07 Sparkling Graphite 335i Sed Join Date: Jun 2007 Location: San Diego, CA US iTrader: (0)	navy fed has 4.25% for 07/08 models, and 4.75% for older models new model is 3.75%, but i got mine a couple of yrs ago for 3.5% __________________ Enjoy the ride!
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