Welcome to the North American Subaru Impreza Owners Club Saturday January 31, 2015
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC Subaru Models > Impreza Forum

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 05-16-2001, 12:14 AM   #1
SoBaLo
Scooby Newbie
 
Member#: 6387
Join Date: May 2001
Location: CA
Vehicle:
2005 Legacy GT Ltd
Regal Blue

Post Loan from Internet Bank???

hi everyone!!!
does anyone apply a loan for their subie from a internet bank, e.g. E-LOAN, VirtualBank.com.......etc.

let me know if u guys got any good/bad experience in those bank!!!!
and is it good to get a car finance in those bank or not???
thanks!!!

Jonathan
* Registered users of the site do not see these ads.
SoBaLo is offline   Reply With Quote
Old 05-16-2001, 03:04 AM   #2
neuromancer
Scooby Specialist
 
Member#: 5973
Join Date: Apr 2001
Chapter/Region: NESIC
Location: New Manchvegas
Vehicle:
2005 Scion tC
White

Post

Don't know anything about internet banks except that my roomates mom got screwed by one.

I personally won't take the risk, because I don't know how to verify if they are legit.
neuromancer is offline   Reply With Quote
Old 05-16-2001, 04:29 AM   #3
makua11b
Scooby Newbie
 
Member#: 5931
Join Date: Apr 2001
Location: DepotTown,Ypsi MI USA
Vehicle:
02 WRX Sdn
Silver

Post

Please don't use them. For your own sanity DO NOT USE THEM. I'm a Subaru sales person and I've had quit a few experiences with both those "banks", all of them were bad. Contracts have bounced, cars reclaimed not a pretty picture and always the e-banks fault. Interest rates are so low right now that even a full point won't make much of a difference. Especially when your sanity is involved. My dealer refuses to work with them now because they were so bad.

[This message has been edited by makua11b (edited May 16, 2001).]

[This message has been edited by makua11b (edited May 16, 2001).]
makua11b is offline   Reply With Quote
Old 05-16-2001, 10:10 AM   #4
BradWRX
Scooby Specialist
 
Member#: 5500
Join Date: Apr 2001
Location: Charlotte, NC
Vehicle:
2002 WRX Aspen White
2004 Corvette Z06

Post

Try www.lendingtree.com. I checked them out and they were great. They search all the banks and you get to pick the bank with the best rates and other attributes that you wish. They have a consumer scorecard based on feedback of actual people who have done business with them. So check the rankings and ratings prior to making a choice.

I say go thru lendingtree.com and have the necessary information to challenge the dealer and force him to a competitive rate. It they still want to screw you, go get the money elsewhere. It does not matter if you did the transaction via Internet or your local bank. This is all hogwash. Regardless of where you get the money, you provide the dealer with a cashiers check with verifiable funds.

The moral of this story is to be patient and be armed with information. Don't let the dealer force you into an "urgency" sales pitch. If you don't want his financing, he will wait for you to get it. He wants the sale.

Example: Bought a car and went to the backend of the deal (finance guy, big snakes in the grass). He played hardball on screwing me on finance interest rate. I protested and said I could do much, much better. He did not budge. He said go get your own money and you will see that you can't do better and end up using dealer financing. He said you have 10 days to do it. I drove away with the car and got my check from another bank, with a much better rate. I told them to make the check out on the last date of the 10 days. So I drove the car free for 10 days. Walked in to the dealer and the finance guy's jaw dropped. Take that and that.

Good luck and hang tuff.

makua11b,

If I understand you correctly, if I bought a car from you and I said I was using my own bank it would be a problem if I brought you a check from say E-Loan, or Peoplesfirst, etc. etc. - You would refuse the cashiers check and loose a deal. I think not! If your dealership would not take the check, I would go buy a car from some other dealer and never go back to yours again!

For my WRX, my dealer pressured me hard to use their money, but said if I wanted I could use any bank. Provided it's a cashier's check and verifiable funds. Either way the transactions are the same.

BradWRX is offline   Reply With Quote
Old 05-16-2001, 11:21 AM   #5
Fmdeadrick
Scooby Newbie
 
Member#: 200
Join Date: Aug 1999
Location: San Diego, CA, USA
Vehicle:
1999 Impreza 2.5RS
Black

Post

I had nothing but excellent results when I purchase my RS with money from carfinance.com. I applied, got a lower rate than I could get elsewhere, had the money and the car all within 2 days, and didn't have to talk to the finance weasels at the dealer. This company is actually Bank of America, and I don't know if they still use the carfinance.com name still. Your results may vary.

As a note, I also tried to use them to buyout my wife's CRV lease, but Honda wouldn't take it for that. Also it takes good credit to be approved for the low rates, it helps to be over 30 and "own" a house.


mark@kartboy.com
www.kartboy.com
Fmdeadrick is offline   Reply With Quote
Old 05-17-2001, 01:26 AM   #6
ToJo
Guest
 
Member#:
Post

Try www.peoplefirst.com but make sure you read EVERYTHING. The people at peoplefirst.com are very nice and it's probably alot easier if you don't have any negative equity in your trade-in or if you don't have a trade in
  Reply With Quote
Reply

Thread Tools
Display Modes

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
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
I bought a new car two weeks ago, I just got a denial of loan letter from some bank.. DeusExMachina Off-Topic 29 02-07-2010 08:55 AM
Student Loans.. From who? iiiezekieliii Off-Topic 15 02-18-2008 10:57 PM
OT: Suggestions for checking acct with good Internet banking? blackdog New England Impreza Club Forum -- NESIC 20 07-08-2004 03:18 PM
Back from Outer Banks - Thanks! Mike Smith General Forum Archive 2 07-03-2000 08:24 AM


All times are GMT -4. The time now is 11:06 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2015 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.