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      06-01-2020, 06:53 PM   #1
RaceCarDriver
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What Bank did you use to Finance your E46 M3 ?

What Bank did you use to finance your E46 M3?

My friend is looking for an E46 M3 of his own. He found one but is having trouble financing 50% because all the banks have a low NADA value in the $8-10k range. The E46 M3 he is buying is $24k. He is hoping to put $12k down and finance $12k.

What bank do you recommend?

thank you

G
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Last edited by RaceCarDriver; 06-01-2020 at 06:53 PM.. Reason: mispelled word
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      06-02-2020, 01:19 PM   #2
signaljoe
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JJ Best Bank, out of Boston financed my M3 a few years ago. They do collector cars and understand that E46 M3's go for way more than what KBB prices them for. Call and ask for Joseph Forte, they do nationwide. I only had to put down 10% of the purchase price at that time. Info Below,

.J. BEST BANC & Co.

J.J. Best Banc Building

60 North Water Street

New Bedford, MA 02740

HELPING YOU DRIVE THE DREAM!!

BEST Regards,

The J.J. BEST BANC & CO TEAM

1-800-USA-1965

Good luck!

-Joe
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      06-26-2020, 06:33 PM   #3
Chris Mac
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Lightstream is great, i use them for all of my toy purchases.
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      06-27-2020, 06:46 PM   #4
Darth One
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Agreed, you shouldn't have a problem with Lightstream. I'm actually surprised other banks are hassling him with such a hefty dp and a comparatively small loan amount
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      07-07-2020, 11:08 PM   #5
sun_tino
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I used First Entertainment Credit Union. I did not bank with them prior. Financed 15k through them.
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      07-13-2020, 03:56 PM   #6
msdss
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Garage List
I would highly recommend LightStream.
I bought an E46 with 136,000 miles on the clock. Most banks won't give loans for a car that is over 10 years old, and if they do, they have a mileage cut off.

1) LightStream gave a better rate than literally everyone.
2) The loan is unsecured. They don't take the title ( I bought from an individual ). They didn't ask for the make, model, year, mileage, or even the VIN. They just checked my credit, that's it.
3) Within 1 hour I had money wired into my bank account.
4) Literally the entire process, from start, to getting cash in my hand, was less than an hour, and there is 0 human interaction. It is all via their website.
5) No penalties for paying off early.


100% Will be using LightStream for everything in the future.
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      09-30-2020, 01:57 PM   #7
boobert23
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Lightstream, hands down. They don't even ask for specifics of the car (so NADA, etc are irrelevant )
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      10-08-2020, 09:23 AM   #8
Sbaz87
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Around what was the interest rate they gave you guys, Iím also looking in between a traditional bank Iíve worked with in the past vs lightstream.
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