Has anyone heard of a dealer being unable to finance an older vehicle?

15

Asked by Jan 20, 2016 at 12:40 PM about the 1997 Jeep Wrangler Sport

Question type: Shopping & Pricing

I sat down with a sales lady for a 1997 TJ. She asked my plans for purchasing
the TJ, I said that I already been pre-approved. She stated "good, we could
not do that". Has anyone else heard of a dealer who is unable to finance older
vehicles?

2 Answers

295

Yes, I tried to finance a Cherry '99 Tahoe and I could not get a loan from my bank of 30 years and my credit union I had even longer. I have a great credit history but no one wants to finance an older vehicle.

2 out of 2 people think this is helpful.
217,055

Big banks won't hand out loans on cars older than 8 years old. No profit. Bank want their money. You will be paying a higher interest rate as well as you probably already found out on your preapproved loan.

Your Answer

Add photo

Related Questions

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Jeep Wrangler Questions

UK Questions

Are you a UK consumer? CarGurus now has a discussion forum in the UK.

Jeep Wrangler Experts

#1 tennisshoes
tennisshoes
Reputation 360
#1 Tom Demyan
Tom Demyan
Reputation 360
#3 Mathew Wooldridge
Mathew Wooldridge
Reputation 290
View All

Related Models For Sale

Used Jeep Grand Cherokee
902 Great Deals out of 66,413 listings starting at $300
Used Jeep Cherokee
299 Great Deals out of 53,860 listings starting at $2,495
Used Ford F-150
3,039 Great Deals out of 207,184 listings starting at $1,990
Used Toyota Tacoma
714 Great Deals out of 31,623 listings starting at $2,750
Used Ford Mustang
550 Great Deals out of 42,532 listings starting at $1,699
Used Toyota 4Runner
366 Great Deals out of 20,634 listings starting at $2,495
Used Chevrolet Camaro
438 Great Deals out of 40,495 listings starting at $3,500

Used Cars For Sale

2017 Jeep Wrangler Sport For Sale
2,598 listings starting at $24,516
2016 Jeep Wrangler Sport For Sale
6 Great Deals out of 1,280 listings starting at $23,495
2015 Jeep Wrangler Sport For Sale
38 Great Deals out of 635 listings starting at $20,443
2014 Jeep Wrangler Sport For Sale
27 Great Deals out of 626 listings starting at $17,984
2013 Jeep Wrangler Sport For Sale
36 Great Deals out of 703 listings starting at $16,592