Car Loans For Cars Over 100k Miles

RoadLoans finances vehicles with up to 110,000 miles ; You may be able to get a high-quality used car at a great price A well-traveled car is a different proposition these days. Whereas once 100,000 miles was a long-haul benchmark, improvements in technology and reliability mean more cars are now built to go well beyond 200K.

Car loans for cars over 100k miles. Buying a second-hand car can be a daunting prospect, especially when you're in the market for one with relatively high mileage. While some will consider a car with 60,000 miles on the clock to be. Because of the risk, many traditional banks will pass on loans for cars with more than 100,000 miles. Many of them have specific guidelines in place as far as financing pre-owned vehicles. Banks often specify that the vehicle… Has less than 70,000-100,000 miles on the odometer. Is less than 7-10 years old. Does not have a rebuilt or salvage. The problem with buying cars with that many miles is that you need to have expert level experience in auto maintenance and issue diagnosis in order to determine if the car is a POS. @ 100K many things may (will) be ready for replacement: shocks, bearings, pumps, bushings, ball joints, cv joints, tie-rods etc, etc. Cars where these items last to. Once your car passes over 100k miles, an extended warranty is the best way to keep your vehicle running without expensive trips to the repair shop. Is an Extended Warranty Worth It for Cars Over 100k Miles? If you’re thinking about purchasing an extended warranty for an older car, one of your first considerations is the cost.

Extended Mileage Loans are available for cars that are up to 10 years old and/or have over 100K miles 60 Day Approval Most loan approvals are good for 60 days (proof of insurance and other paperwork required) Buying a used vehicle over 100k miles isn't the same as it was 30 years ago. Quality standards in manufacturing have improved vastly over the years and, despite the fact that there are probably hundreds of thousands of vehicles out there that have over 150k miles on them, the idea that 100k is where a car dies is tough to get out of people's minds. This is actually for my lil bro. We have been looking used cars, and quite a few of them have over 100k miles. Specifically there is a IS300 that he wants but BECU wont do it, and chase and wells fargo online both say they have to be less milage than that. I am currently looking for a used car on a tight budget and I must say I'm really struggling. I want something reasonably economical so was thinking of getting a Diesel, and it needs to be an Automatic as I've only got an automatic license, but everything that looks half decent has over 100,000 miles on the clock otherwise is out of my price range (about £1500 max).

The car is priced at $10,000 and I want to get an auto loan. So far BOA and NetLoan have denied my applications because the car has more than 100K miles on it. My FICO is 765. They did not even run a credit check on me or a KBB value on the car, they just quickly denied it because of the high milage. KBB says the car is worth $15,235. The Hummer only lost about 9 percent, and even the Aston Martin — which I drove as many miles as I possibly could’ve — only lost about 20 percent of its value. So these cars would actually be better investments for Bank of America than, say, a new S-Class , which loses something like $227,534 in overall value the moment you drive it off. In the past you get a car with 60,000 miles, it was falling apart. Cars last longer so finance companies are willing to take older cars because cars are better.” All new cars come with a manufacturer's warranty, usually lasting between 3 and 7 years. If you bought your car from a second hand car dealership, it may come with a 12 month warranty. Some used cars will still be within their manufacturer's warranty, which could last up to 7 years.

OVer 100K is a tough loan to shop. I know Lexus will do it on their cars, but most folks end up with their CU. The difference in payments is ~$50. I would probably take the CU offer since the rate is substantially different. If they will match the rate or get close then take the WF offer. Cars must have less than 100,000 miles The amount to finance must be at least $5,000 These are just general guidelines, of course, and the specific age, mileage, and minimum financing amount are set by the dealer you choose and the lenders they're signed up with. In most cases, they may not even have the best options. Maybe a lot of the cars posted for sale have 100,000 miles or more. In reality, there are plenty of cars with those many miles that owners can trust. Some will even give them another 100,000 miles on top of what they already have before they finally call it quits. what you need to do it find out the average life of that car, most American-made gasoline cars run into many problems once they get over 100k miles. diesels are a bit more resilient and typically last until 200k plus. your imports especially Honda and Toyota are pretty safe when buying it with over 100k these don't see major problems until.

I am attaching a picture of the first car I owned. A 2004 Hyundai Sonata V6 that I bought in 2010 and I had it for around 18 months. It had 104,000 Miles on it when I got it for $4500 and it had 130,000 Miles on it when I sold it to a dealer for a... The first is a vehicle with 30,000 miles on the odometer, a spotty service history and a record of multiple accidents. The second has traveled 120,000 miles, but it’s never been in an accident and has always received regular maintenance. In that case, the car with more miles is going to have clear advantages. If the owner is selling, this likely means the warranty is up. This also means the car has gone over 100,000 and likely will need repairs. You’re also getting closer to having to replace the $2,000 battery. If you’re set on buying used, it’s best to buy a cheaper car that’s still in good condition. Performance of hybrids vs. non hybrids Recently, I found one for just over $10k, however, there's a bit over 100k miles on it. I plan to put down $5k, and with 100k miles, I feel like I can drive at least for 3 years. Mind you, this is my first car and I'm a 21 year old college student with a restaurant job. I'm looking at about $200/month.

Go to Quicken Loans, I have heard excellent things about them. copy and paste in the source below: how to refinance a car with over 100,000 miles. how to refinance a car. how to refinance a used car for the best price. how to negotiate refinancing of my vehicle with the bank