Page 1 of 1

How do you get a loan with no Kelly Blue Book Value?

Posted: Mon Oct 02, 2017 12:14 pm
by RoadComic
I'm curious what you guys did to get loans for these cars? I got approved for way more than I need for the PPV I am trying to buy, but the bank won't loan for that car because they can't determine the value of the asset since there's no Blue Book value. Have any of you guys gotten around this somehow?

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Mon Oct 02, 2017 2:26 pm
by v8suprcapric
There's some good info in this thread:

viewtopic.php?f=9&t=2227

Myself I had to just suck it up and get a personal loan at 10% or something high like that (even though I have great credit). I think others were able to get a actual car loan at low interest by shopping around banks, I was in a rush though so couldn't do that.

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Mon Oct 02, 2017 5:12 pm
by RoadComic
Yeah, I found that thread after I posted this. My credit union has agreed to use the NADA value, but now I need to apply through them. We shall see. It's definitely an obstical to purchase one of these.

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Mon Oct 02, 2017 5:23 pm
by v8suprcapric
RoadComic wrote:Yeah, I found that thread after I posted this. My credit union has agreed to use the NADA value, but now I need to apply through them. We shall see. It's definitely an obstical to purchase one of these.
I couldn't get mine to go with the NADA, they said it was their policy to use KBB only. They wouldn't use multiple services because people would argue which valuation if they differed was the correct valuation. Sounds like you'll get it handled, enjoy.

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Mon Oct 02, 2017 10:25 pm
by TexasHotshot
One Lump Sum Financing

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Wed Oct 04, 2017 8:58 am
by garrett
I had zero issues getting approved on an auto loan through my credit union (at 4.5%). I believe they used NADA to get values, but in any case they determined my 2012 9C1 with 112k miles was worth around $16,500.

Re: How do you get a loan with no Kelly Blue Book Value?

Posted: Wed Oct 04, 2017 10:19 am
by No Moa
garrett wrote:I had zero issues getting approved on an auto loan through my credit union (at 4.5%). I believe they used NADA to get values, but in any case they determined my 2012 9C1 with 112k miles was worth around $16,500.
:shock: I just refi'd my 2014 with 10,000 miles for 2.9 but the value was only 17,785