BMW E46 M3 - Legend Eternal
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
home
E46 M3 Coupe and Convertible Forum General E46 M3 Forum

Post Reply
 
Thread Tools Search this Thread
      06-01-2020, 06:53 PM   #1
RaceCarDriver
First Lieutenant
302
Rep
308
Posts

Drives: 2016 BMW M2 LBB 6 speed
Join Date: Apr 2011
Location: Bergen County, New Jersey

iTrader: (0)

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
__________________
Current Cars - BMW 1M, BMW E46 M3, BMW M2 took delivery 5/6/16 - 2001 BMW M Coupe S54 - 1996 Porsche 993 Turbo -2005 Acura NSX - Mclaren 570s Instagram: @glenns_car_collection
YOUTUBE CHANNEL: Glenns Car Collection
https://www.youtube.com/channel/UCWT...iVSFmK7nz6Q5_w
website: www.glennscarcollection.com

Last edited by RaceCarDriver; 06-01-2020 at 06:53 PM.. Reason: mispelled word
Appreciate 0
      06-02-2020, 01:19 PM   #2
signaljoe
Registered
United_States
2
Rep
3
Posts

Drives: 2002 E46 M3 6MT LSB Slick Top
Join Date: Jun 2020
Location: So Cal

iTrader: (0)

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
Appreciate 0
      06-26-2020, 06:33 PM   #3
Chris Mac
New Member
4
Rep
16
Posts

Drives: BMW M3
Join Date: Jun 2020
Location: Rhode Island

iTrader: (0)

Lightstream is great, i use them for all of my toy purchases.
Appreciate 0
      06-27-2020, 06:46 PM   #4
Darth One
drunk poster
Darth One's Avatar
United_States
6613
Rep
3,649
Posts

Drives: M4 GTS | E46 M3
Join Date: Jul 2008
Location: FL

iTrader: (0)

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
Appreciate 0
      07-07-2020, 11:08 PM   #5
sun_tino
Registered
0
Rep
2
Posts

Drives: 1996 m3, 2005 m3
Join Date: Jul 2020
Location: San Pedro, CA

iTrader: (0)

I used First Entertainment Credit Union. I did not bank with them prior. Financed 15k through them.
Appreciate 0
      07-13-2020, 03:56 PM   #6
msdss
Banned
msdss's Avatar
United_States
498
Rep
697
Posts

Drives: Alpine White 2020 BMW M2C
Join Date: May 2015
Location: United States

iTrader: (0)

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.
Appreciate 1
Sedan_Clan24821.50
      09-30-2020, 01:57 PM   #7
boobert23
New Member
0
Rep
5
Posts

Drives: 02 BMW M3
Join Date: Sep 2020
Location: Pennsylvania

iTrader: (0)

Lightstream, hands down. They don't even ask for specifics of the car (so NADA, etc are irrelevant )
Appreciate 0
      10-08-2020, 09:23 AM   #8
Sbaz87
Registered
0
Rep
3
Posts

Drives: Porsche GT3 Carrera 2 S
Join Date: Sep 2020
Location: Houston

iTrader: (0)

Around what was the interest rate they gave you guys, I’m also looking in between a traditional bank I’ve worked with in the past vs lightstream.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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



All times are GMT -5. The time now is 04:45 PM.




e46m3
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST