Hello

I have been looking for a 350z for awhile now and have come across a problem. The car is in another state about 400 miles away. And both banks that I went to say that they cannot give me a loan since the car isnt in my state. Now I know that im not the only person that has bought a car outside their state, so how do you go about doing it? I have asked the bank tellers and they dont seem to know a way about doing it. Sorry if this is a stupid question.

 

get the loan with a bank in the same state as the car????

 

So I would have to go to sc from fl and get a loan in a bank there? That seems a little out of the way, plus my cosigner will not go with me. So is there any other way.

 

used/new?

if its for a new car have your local dealership ship the car you want...thats what i was about to do but i decided to do the long drive and pick the car up myself, i ended up getting the car cheaper than my local place and with a bunch of goodies...

...doing this you'll be able to do the deal local and get the car you want

...if its for a used one then IDK. g'luck

 

The loan policy makes no sense to me. Regardless of where the car is located, it will eventually be registered in your state. I don't get it.

 

Sorry should have said that before, yes its a used car, private sale. Its an 2006 with only 7200 miles. I cannot find this answer anywhere. They tell me that he would have to drive down here and sign papers in my bank with me. But he just had a baby so that is kinda out of the question right now. So is there no other way?

 

Ask the bank? What about a bank with branches in both FL and SC?

 

Well thats the thing, I applied at StateFarm, they give auto loans now. And they told me the same thing that Bank Atlantic did. What the funny part is that both banks couldnt tell me a way to do it, they both seemed like they had no clue what to do for me. Like stated above, i dont get it either, if the car is sold to me then the title will become a fl title after i take it to the dmv. I have told them this and they say that the title must already be a fl title. I cant be the only person in the state of fl that has bought a car outside this state. What is the deal? If they give me the money, I get the car and the title, get it all in my name, and that would be it. Please someone with some loan expirence in this chime in.

 

If the car is considerably less - fly there, buy the car, and drive it back. 400 miles should only take 4-5 hrs. It's like going to Vegas from So Cal and a lil further. The plane ticket would only cost you 50-100 bucks, if you're saving over 500-1000 it's very worth it. And I'm sure you could get a loan when you're there.

 

well if that was the case then I would just go there, problem is i need a cosigner. I have no credit, i never wanted to get myself in debt, stupid i know and I will start, but at this current time I dont have credit and need a cosigner. And for the price of the car and some serious interest from a "No credit? Bad Credit?" bank that only i could apply for, I might as well find one and settle for something different here.

 

Do you have no credit because you've always paid cash for everything, or no credit because you've made some financial mistakes in your past? If it's because you've paid cash, do you at least have a record of paying your utility bills or something?

If you're living at home or something and don't even have that, then take out a credit card from one of your local banks, charge *a little bit* on it each month, and pay it off in full. After a few months of doing that you'll have a credit record, and believe me, once you've got a credit card, you'll get more credit offers than you know what to do with.

For the moment, you might be out of luck. BUT - you could always ask to speak to the bank manager and explain the situation, especially if you've got something, anything, to indicate you have paid your bills on time. Sometimes the loan writers just have to go by the book, but the manager can look at individual circumstances and make exceptions.

You don't say how old you are, but is there any possibility of using your parents' bank? If they have good credit and an on-going relationship with a major bank, maybe you could get a loan there, if they introduce you to the loan dept.

 

e-loan, capital one

 

A bank should have no problem with you purhasing a car out of state. A few years ago, I bought a 300ZX Twin Turbo and the bank had no problem that it was two states over. It was never even a question about where the car was located. I didn't even register the car in the same state. My recommendation is to go through your local credit union. On average you are get a better rate and they are much easier to work with than large corporate banks.

 

So how do you like the 350Z?

 

no credit history = no/crappy loan