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SVTPerformance's Chain of Restaurants
Road Side Pub
Auto loan question
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<blockquote data-quote="07TorchRedGT" data-source="post: 8997227" data-attributes="member: 56299"><p>I just bought a 2004 Cobra and financed it through my Credit Union.</p><p>The Cobra only has 20000 miles on it.</p><p>THe most the would lend is the NADA Value for clean retail. I believe I financed it at 23000. But that is with tax, title and liscence added to total price. So basically the total amount the would lend was 23000 for it. The sale price wasnt 23000.</p><p>If you were to buy it at 24000 you would have to come up with any amount over the amount they will finance. And then also Tax, title and liscence.</p><p>I would do your best to sell the truck first and then get you a loan for a cobra.</p><p>If you and the guy do want to make the trade. Id make a contract that states he will purchase your truck for X amount and then you will pay off the lein and mail him the title.</p><p>Then also make a contract for the cobra with the same info.</p><p>You both end up with what you want and you protect yourself from just trusting someone.</p></blockquote><p></p>
[QUOTE="07TorchRedGT, post: 8997227, member: 56299"] I just bought a 2004 Cobra and financed it through my Credit Union. The Cobra only has 20000 miles on it. THe most the would lend is the NADA Value for clean retail. I believe I financed it at 23000. But that is with tax, title and liscence added to total price. So basically the total amount the would lend was 23000 for it. The sale price wasnt 23000. If you were to buy it at 24000 you would have to come up with any amount over the amount they will finance. And then also Tax, title and liscence. I would do your best to sell the truck first and then get you a loan for a cobra. If you and the guy do want to make the trade. Id make a contract that states he will purchase your truck for X amount and then you will pay off the lein and mail him the title. Then also make a contract for the cobra with the same info. You both end up with what you want and you protect yourself from just trusting someone. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Auto loan question
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