Gun5

iTrader: (37)

Well I recently bought a 97 Acura CL with 128k on it 3 weeks ago anyways I'v cleaned it up did a few things like plugs, alignment and some other little stuff and I'm flipping it for 6k a lady wants to buy it but she said the bank will only let her spend 3,400 on it

how do you get around something like this im sure she can say its for 3,400 then refinance the next week or something but id rather get it all at once and not have to wait

BTW car

AronZ28

iTrader: (2)

I'd be tempted to keep that if you don't have a decent beater already.

Posi12Bolt

iTrader: (13)

tell her to get a blank check loan from www.capitaloneautofinance.com for $7500 (their minimum loan amount) then you give her the $1500 back which she can put on her loan and BAM there is her 100% $6000 loan.

Brian

Gun5

iTrader: (37)

its nice, but iv had 3-4 "beaters" in the past few months i change cars like I change clothes gonna get a Grand Prix GTP (superchraged)

(recently pondered sellin the LT1 project too for a built LS1 but figured id see it through and surprise some people)

Gun5

iTrader: (37)

i dunno ill take it all lol.. ya Ill tell her tomorrow when I talk to her

Posi12Bolt

iTrader: (13)

i've done this numerous times with zero problems

Gun5

iTrader: (37)

sounds good ill tell her, I usually use USAA personally get a rate of 8.1% used car and im 18 mind ya

Quik Z06

iTrader: (5)

Sounds like a good idea but it depends on her credit, they may not be willing to give her more if her credit is bad. Good luck with the sale.

Gun5

iTrader: (37)

nah she has good credit (bites tongue), lives in real nice part of town and is married all that stuff she said her bank said they just couldnt due to value USAA has said that to me a few times and im approved up to 15k

Gun5

iTrader: (37)

capital one said nope for the year and mileage

uhh its a 97 with 127k... anywhere else she can go I can get my 00 Grand Prix GTP next week from a friend if i sell this

Gun5

iTrader: (37)

bumpppp

Jon5212

iTrader: (2)

Banks usually rely on NADA values for used cars to determine how much they will give for a car.
edit: Usually the only way to buy a really old car is to take out a personal line of credit.

Gun5

iTrader: (37)

oh they do well low value is 3xxx fair is 5xxx and high is 6xxx so.. what they **** are they smoking all saying 3,200-4k

qwk93ta

iTrader: (13)

Many banks are getting killed by people defaulting on their home loans, I am sure they are looking much harder at car loans too.....even if they are for a small amount of money.

Jon5212

iTrader: (2)

Cause a bank is not going to value the car on the "high" end, no one does unless is a very very low mile car.

Mike@HSW

iTrader: (6)

I would try citibank flex line of credit. not a bad rate and the line you get has nothing to do with a vehicle

Gun5

iTrader: (37)

**** they better give me 14k for a 00 SS here in texas if I go to buy it.. has 77k original on it clear title.. projeck9 is selling it on here.. has iforged rims and h/c couldn't I just show them a rim reciept lol

Gun5

iTrader: (37)

yep still no luck shes trying credit line atm...

btw no more GTP

found a 00 SS here on the boards

https://ls1tech.com/forums/showthrea...956&highlight=

so this bitch needs to GO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

CJDZ24_Z28

iTrader: (75)

If she is trying to go thru a credit union or such she may be out of luck. My credit Union will not finance a vehicle older than 2000. That will change in 2 weeks. Then they will not finance a vehicle older than 2001. I'm sure there is a bank or something out there that will do it.

waldershrek

iTrader: (1)

Don't do it as a car loan, do it as a personal loan. Then they don't care what she does with the money. Thats how I had to do my first car loan for the same reason.