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Originally Posted by NoLaKrewe How hard is it to get a auto loan for a car outside of a dealership. Don't think my bank would do one. Because if I

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Old 10-24-2014, 07:39 AM   #1 (permalink)
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Quote:
Originally Posted by NoLaKrewe View Post
How hard is it to get a auto loan for a car outside of a dealership. Don't think my bank would do one. Because if I buy from a private seller I'd need cash on hand where as if I buy a car I build credit and can save a little cash on down payment
The main issue is the title. Most major banks want title 1st then they approve you. Chase, Regions, and Captial one turned me down. Had to use a local credit union to get approved only after I had the seller fax me a copy of the title, and bill of sale.

If you show prove of insurance, bill of sale, and copy of title. Most local banks, and credit unions will give you a cashiers check or wire transfer.

imo wire transfers are the better option. I called my bank with proof of title sigined, and bill of sale with a copy of his driver license.

After wire tranfer (3 hours later) we drove to the DMV to make it final. Most of state DMV's will charge 4% tax only and pay the different once you enter your state. For example, FL charged me 4% for a reg, and plate. Drove to New Orleans payed 3% different and got my local reg and plate.

This way it assures you that you're driving legal and the seller can't back out.

If the car has a loan still you have to pay it off 1st then repeat what I just listed once the title is in hand by the owner.

Local take the owner with you to the bank with his reg, and payoff. You will have 0 issues long as you're not purchasing the car 20%+ over retail.

My only advice is don't purchase in till you have all the facts. Took faith in the seller before fully looking at mine. Still got a great deal, but notices wheel damage and crack on my dash after the deal was done. Not saying I would talk him down more, but $500 less for my troubles of repair would've been nice.

All and all my experince was great. His family was really nice to me, and gave me a place to stay for a few days.(which anyone that's decent would have done the same)

Yes yes yes. It's not you're built VQ, and you have dings/cracks/scratches.

but

You're spending 50% less then it would have costed you out of pocket, and to fix all the small issues plus additional mods that you wanted is fraction.

New G37 (Q60) 40k base + TT 15k + rays wheels $3500+ = 58k+

Just saying.
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Old 10-24-2014, 07:48 AM   #2 (permalink)
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Looking to purchase a built VQ keep you're eye on this.

2009 Nissan 370z Amuse Stage 2 GTM SC

His still light years away from offering a decent price, but if you can wait a few months it should be 25K ish which isn't a bad deal the car.

Most sellers think that mods raise the price of the car. In less it's a 2014 with 5k miles with 20k+ worth of IF work. Most likely not IMO.

Take notes, and make sure you're not a window shopper when you contact them.

When I 1st contacted my pasted owner's car I showed a screen shot of a 790 becon score, and 30k liquid cash. Just don't fold and make sure you puchase a VQ in the same ball park everyone else is, BUT MAKE SURE YOU'RE NOT WASTING THERE TIME.

Most TT build VQ's done right with decent miles shouldn't be over 30k.
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Old 10-25-2014, 09:04 PM   #3 (permalink)
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Shout out to KaienZ34, had a good time today. He watched me run a Dodge Viper GTS, and he took me to the back roads by 310 off of HWY 90.

Afterwards we made a pass by west end and I took out a C6 at the 200ft on the way home.

PM me if ya'll want to get together. More the better.

P.S. two VQ's running in a pack made necks break 24/7 yo....
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Old 10-25-2014, 09:13 PM   #4 (permalink)
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We need to revive the LA scene down here, come on guys/gals. drive-skid.gif
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Old 10-26-2014, 04:08 AM   #5 (permalink)
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I want to ride along one day
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Old 10-28-2014, 05:10 PM   #6 (permalink)
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I'm down, lets meet up and run!
Thinking bout Twin Turboin the Nismo but I'm hesitant
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Old 10-31-2014, 12:04 PM   #7 (permalink)
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I'm ready!!
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Old 10-31-2014, 02:51 PM   #8 (permalink)
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Cool deal just sent me a pm.
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Old 11-17-2014, 01:13 PM   #9 (permalink)
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Long time no chat all!
Before I posted this in the forsale section I wanted to know if anyone was interested in buying my Zele Replica Kit that I got from Fly1 Motosports.
Its a full FRP front, sideskirts, and FRP Rear with carbon fiber around the rear diffuser. Its been sitting in my garage for almost a year and I haven't touched it. I'm thinking around 2k so let me know.
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Old 11-18-2014, 11:47 AM   #10 (permalink)
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Berks HFC for sale less then 2500 miles on them.. Let's say $300 pm if intrested.. I'm willing to ship but I live in covington..
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Old 11-25-2014, 10:39 AM   #11 (permalink)
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I would jump on them but I just got Z1 test pipes
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Old 12-08-2014, 07:42 AM   #12 (permalink)
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Got my Z let's go people. Time to get this thread popin
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Old 12-08-2014, 08:17 AM   #13 (permalink)
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Sweet! Another l.a. Z
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Old 12-08-2014, 08:52 AM   #14 (permalink)
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Yeah let's wake this group up. In Metairie. Let's do something
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Old 12-08-2014, 09:20 AM   #15 (permalink)
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Cool I'm across the lake northshore hmu
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