ZR-1 Net Registry Forums - View Single Post - Financing a ZR-1: Is it possible?

Paul Workman · 01-14-2013

Oh...You got it BAAAD! (And that's GOOD!)

Some places have an age limit on cars they'll loan money on: 5-7 years with some lenders (banks) But, if you have access to a credit union as Craig mentioned, that worked for me in the past. And, Capital One was willing to lend money on a early C3. The rates were around 18% for a $10k, 5-year contract with no penalty for early payoff or paying more than the minimum contract amount.

(From my compound interest calculator) est monthly rate range for 60 payments on $10k @

equiv 10% annual = $212.47/mo (approx what a credit union might charge, depending on credit)

18% = $253.93/mo = approx. for a Capital One contract.

Hope this helps. Looking forward to another Brother of the Beast!!

P.

01-14-2013	#4
Paul Workman Join Date: Nov 2007 Location: Squires (near Ava MO in the Mark Twain N'tl Forest) - Missouri Posts: 6,493	Re: Financing a ZR-1: Is it possible? Oh...You got it BAAAD! (And that's GOOD!) Some places have an age limit on cars they'll loan money on: 5-7 years with some lenders (banks) But, if you have access to a credit union as Craig mentioned, that worked for me in the past. And, Capital One was willing to lend money on a early C3. The rates were around 18% for a $10k, 5-year contract with no penalty for early payoff or paying more than the minimum contract amount. (From my compound interest calculator) est monthly rate range for 60 payments on $10k @ equiv 10% annual = $212.47/mo (approx what a credit union might charge, depending on credit) 18% = $253.93/mo = approx. for a Capital One contract. Hope this helps. *Looking forward to another Brother of the Beast!!* P. __________________ Good carz, good food, good friendz = the best of timez! 90 #1202 "FBI" top end ported & relieved Cam timing by "Pete the Greek" Sans secondaries Chip & dyno tuning by Haibeck Automotive SW headers, X-pipe, MF muffs Former Secretary, ZR-1 Net Registry Last edited by Paul Workman; 01-14-2013 at 05:27 AM.