What are my options for financing a high mileage vehicle?
Will a bank finance a car with over 100,000 miles on it? The car will cost under $ 5,000 and is a Pontiac Grand Prix, no older than a 2004. Thanx bunches.
Thanx mccoyblue. I am trying to establish some credit history. I only have one account on my credit report as of now. Besides I needed a car like a week ago, lol.
Finance best answer:
Answer by mccoyblues
Mileage isn't the issue. Some banks wont finance small loans. My advice is to contact a local Credit Union and see what they have to offer you.
They generally have the best customer service and lowest rates.
If the car is that cheap can't you just save the money and pay cash?
Finance
Michigan Senate Finance Committee Hearing Photo by Michigan Municipal League
Image by Michigan Municipal League (MML)
Mayor Abdul Haidous of the city of Wayne and Sterling Heights Mayor Richard Notte were in Lansing on Thursday, with Michigan Municipal League staffer Andy Schor, to testify at the Senate Finance Committee's first hearing on SB 34, which would eliminate the personal property tax. Read the Feb. 3rd Action Alert (http://www.mml.org/advocacy/alerts_advisories/2011_02_4_action.html) which explains the League's position on the bill, and the steps local leaders are taking to make sure committee members understand the devastating impact this would have on local public services should it be enacted without a replacement for the revenues to local communities. For more about the League and what we do go to mml.org.
Orignal From: What are my options for financing a high mileage vehicle? and Michigan Senate Finance Committee Hearing Photo by Michigan Municipal League
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