Tag Archives: buy JDM sports car

How to Finance a Skyline, NSX, Supra or other JDM

How to finance JDM cars

We get this all the time. You’ve dreamed of Skylines ever since you were little and now are at a place in your life where you can actually own “Godzilla” aka a R32 Nissan Skyline GTR. But, what do you do if you don’t have the $20,000-30,000 in your bank account? You need to find a loan and get financed for the purchase. This is usually a fairly easy and common practice but when dealing with cars that are 25 or more years old and not ever sold in the US financing a Skyline can become a bit of a challenge.

Top 4 Things You Should Have

  1. Good credit   - Loans for Skylines is not the “anyone is approved!” financing the local auto dealers offer. It’s recommended to have a 650 or better credit score.
  2. Good income   - Showing you have the means to pay back the loan is important.
  3. A certified appraisal   - Most lenders will require a certified appraisal stating that the car is worth at least the amount to be financed. JDM Expo is happy to provide appraisals on its vehicles both in Japan and in the USA for a small fee.
  4. At least 15% saved   - Its a good idea to have some cash saved. For one reason, a deposit can be given to hold the car while financing is being arranged.

8 Steps to Getting a Loan for a JDM

  1.  Talk to one or more of the below lenders before looking for a car.
  2.  Find out if you qualify and how much of a loan you qualify for.
  3.  Contact JDM Expo with your budget and the specifics of what you are looking to purchase (model, color, mileage, mods, etc).
  4.  Once a car is found, place a cash deposit to hold it.
  5.  Bring a bill of sale and a certified appraisal (if required).
  6.  Get check for loan amount.
  7.  Pay balance of car price.
  8.  Drive off in your new Skyline GTR!

Where to look for loans
Most banks will not finance 25 year old imported cars and it can be a challenge to know where to turn. Thanks to our many years of experience we have found some good, reliable places to look for financing for a Nissan Skyline, Toyota Supra or other JDM import.

Local/Military Credit Unions
Credit unions will often provide auto loans for older vehicles like US-legal Nissan Skylines. They are the best option because they are quick, easy and offer great interest rates. If you’re a current or former military member, be sure to look into Navy FCU or USAA. Did you know we’re the number one source of Skylines for military members stationed in Japan? We deal with Navy FCU and USAA extensively and can highly recommend them. If not, you’re sure to find a federal credit union in your area that you can join.

Personal Loans
If you’re not able to get an auto loan, you may be able to get a personal loan. These have slightly higher interest rates but are also easier to get. You will probably need to use the car as collateral for the loan which requires a certified appraisal. A credit union or regular bank can give you a personal loan though credit unions tend to have better interest rates and may also allow you to convert your personal loan into an auto loan down the road.

Online Classic Car Lenders
When you see other importers saying “We can help you get financed” or “Ask about our financing options”, this is what they are referring to. On the one hand, these lenders will finance literally anything from a project to a top level show car. On the other, they tend to have high interest rates, require 10-20% down and can be a headache to get. JJ Best Banc Co. is one of the biggest names in online lending though there are many others. This article by Hemmings lists a few more.

JDM Expo

A Glimpse at the Japanese Auto Auctions – 6/24/15

It seems like kind of a slow week at the Japanese auctions and so I’ve only been able to find 6 cars worthy of mention. 3 of them aren’t even Japanese but they’re all still fantastic examples of the kinds of pure automotive awesomeness that you can find in the Far East so without further delay, this week’s coolest cars for auction!

6. 1969 Datsun U521

This Week's Awesome Japanese Auctions - 6/24/15

Meet Godzilla’s Little Brother, the Pulsar GTi-R!

The Nissan Pulsar GTi-R, aka “Baby ‘Zilla”

The Pulsar is normally a very boring, bland commuter car but Nissan decided to go racing with it and that’s where the fun began. In 1991, Nissan entered it into the Group A class of the WRC, pitting it against the Subaru WRX, Mitsubishi Evo, Lancia Delta Integrale and other rally legends. Thanks to the homologation rules Nissan was required to produce 5,000 models for public sale with 500 of those being the stripped down, race-ready GTI-RB models. The remaining 4,500 cars were the very similar but more street-friendly GTI-RA models. You can tell which is which by the VIN numbers; the RA has a VIN of EBYNRVFN14xxxx and the RB has a VIN of EBYNRRFN14xxxx.

Pulsar rally car

The Group A Nissan GTi-R

Between August of 1990 and November of 1994, about 12,000-15,000 GTi-R’s were made in total. The most were made in 1990 (good news for US buyers!). In 1992 Nissan changed some of the interior trim from pieces specific to the GTi-R to ones found across the Pulsar range, but otherwise the car remained unchanged throughout its run. Some ways you can tell an early from a late model include the Prince logo on the grill, a red GTi-R badge on the steering wheel and hollow (instead of solid) headrests. The model changes are purely cosmetic, so you can be assured that no matter what year Pulsar GTi-R you buy, you’re still going to get the same killer performance.

So what makes the GTi-R so awesome?

Simple, Nissan raided the parts bin. They took the motor from an S13 Silvia (an SR20, aka “red top”, with a big intercooler stuck on toppulsar gti-r motor) and the all-wheel drive system from the R32 Skyline GTS-4 and stuck it in a package with a curb weight of only 1220kg (1190kg for the RB models). This gave it a 0-100km/h time of under 5 seconds, a 232km/h top speed and a standing quarter mile time of 13 seconds. Nissan didn’t forget this was a road car though and added power windows, power locks, ABS, fully independent suspension and four-wheel disc brakes so not only does this little hot hatch scream, but it’s very nice to drive on a daily basis. With it’s 2 liter motor, it’s not bad on fuel either (if you can leave your foot out of it!). No other hatches on the market today can compete with a Pulsar GTi-R’s power to weight ratio, and a stock Pulsar GTi-R will have no problems flying past a VW Golf R32, Audi S3 or Honda Civic Type R.

Ok I want one, now what?

Import JDM cars/Nissan Skyline from Japan

We are the top Japanese sports and classic cars exporter in Japan and deliver your dream vehicle to anywhere in the world. With the largest actual stock of JDM sports and classic cars, we also have an exclusive partnership rights of Japanese domestic sports car dealers to export their cars to our customers worldwide. So if you are a fan of Japanese sports or classic cars and would like to import one Japan, never hesitate to contact as we are ready to achieve your highest satisfaction with the quality and competitiveness of our products and service.