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.
222,715

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

Jeep Wrangler Experts

#1 tennisshoes
tennisshoes
Reputation 360
#1 Tom Demyan
Tom Demyan
Reputation 360
#3 Mathew Wooldridge
Mathew Wooldridge
Reputation 300
View All

Related Models For Sale

Used Jeep Grand Cherokee
843 Great Deals out of 68,676 listings starting at $864
Used Jeep Cherokee
345 Great Deals out of 55,334 listings starting at $2,295
Used Ford F-150
2,700 Great Deals out of 212,349 listings starting at $1,000
Used Ford Mustang
363 Great Deals out of 44,490 listings starting at $1,000
Used Toyota Tacoma
614 Great Deals out of 35,124 listings starting at $2,155
Used Chevrolet Camaro
279 Great Deals out of 38,301 listings starting at $1,250
Used Toyota 4Runner
316 Great Deals out of 20,547 listings starting at $2,295
Used Dodge Ram 1500
531 Great Deals out of 12,827 listings starting at $1,995

Used Cars For Sale

2017 Jeep Wrangler Sport For Sale
3,320 listings starting at $3,995
2016 Jeep Wrangler Sport For Sale
5 Great Deals out of 1,080 listings starting at $22,881
2015 Jeep Wrangler Sport For Sale
26 Great Deals out of 634 listings starting at $21,499
2014 Jeep Wrangler Sport For Sale
24 Great Deals out of 656 listings starting at $17,993
2013 Jeep Wrangler Sport For Sale
29 Great Deals out of 669 listings starting at $15,470