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> Financing a vehicle purchased on Evil Bay
Ctrout
post Apr 21 2006, 09:34 PM
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So what do you do if you want to buy a $30,000 car on Evil Bay and don't have the cash? Do you get preapproved for a loan before you bid or what? Would the bank laugh at you if you walked in and said "so I want to bid on this car on Ebay and I want you to preapprove me for $30,000 so I can bid on it"?
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Allan
post Apr 21 2006, 09:39 PM
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Would the bank laugh at you if you walked in and said "so I want to bid on this car on Ebay and I want you to preapprove me for $30,000 so I can bid on it"?
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Get the cash in hand wether it be from your savings or from the sock under your bed but be ready to pay.....
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Ctrout
post Apr 21 2006, 09:50 PM
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So does this mean that it's generally only possible to do Ebay purchases with cash and financing is generally not possible? Suck for us poor folk.
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GWN7
post Apr 21 2006, 10:00 PM
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Most banks want security for any loan. They usually use a "Book" value on the car (if the car isn't listed in the book it's usually too old to be used as security). They also want the serial number of a security car and check to see if there is anyoutstanding loans against it.

Thinking of a silver 914? (IMG:style_emoticons/default/smile.gif)
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Lou W
post Apr 21 2006, 10:02 PM
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E-bay has its own financing center (IMG:style_emoticons/default/smile.gif)
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Ctrout
post Apr 21 2006, 10:07 PM
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QUOTE(GWN7 @ Apr 21 2006, 10:00 PM) *

Most banks want security for any loan. They usually use a "Book" value on the car (if the car isn't listed in the book it's usually too old to be used as security). They also want the serial number of a security car and check to see if there is anyoutstanding loans against it.

Thinking of a silver 914? (IMG:style_emoticons/default/smile.gif)

You selling a silver one that I should be looking at?
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Lou W
post Apr 21 2006, 10:09 PM
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QUOTE(Ctrout @ Apr 21 2006, 09:07 PM) *

QUOTE(GWN7 @ Apr 21 2006, 10:00 PM) *

Most banks want security for any loan. They usually use a "Book" value on the car (if the car isn't listed in the book it's usually too old to be used as security). They also want the serial number of a security car and check to see if there is anyoutstanding loans against it.

Thinking of a silver 914? (IMG:style_emoticons/default/smile.gif)

You selling a silver one that I should be looking at?



That sure looks like a pretty nice car, I've been watching that one too, but I'm just a lurker. (IMG:style_emoticons/default/smile.gif)
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Ctrout
post Apr 21 2006, 10:09 PM
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QUOTE(Lou W @ Apr 21 2006, 10:02 PM) *

E-bay has its own financing center (IMG:style_emoticons/default/smile.gif)

So I guess I could finance through Ebay to get the car home then refinance it at the more desireable rate with my own bank after I take posession. That would work I guess. Or I could take out a loan against one of my other vehicles provided that it's worth the purchase price of the car I'm buying.
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Lou W
post Apr 21 2006, 10:13 PM
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QUOTE(Ctrout @ Apr 21 2006, 09:09 PM) *

QUOTE(Lou W @ Apr 21 2006, 10:02 PM) *

E-bay has its own financing center (IMG:style_emoticons/default/smile.gif)

So I guess I could finance through Ebay to get the car home then refinance it at the more desireable rate with my own bank after I take posession. That would work I guess. Or I could take out a loan against one of my other vehicles provided that it's worth the purchase price of the car I'm buying.


I noticed their advertisement, I really don't know too much about it, I would think that there must be lenders who loan money on collector cars, maybe an internet search would find some? (IMG:style_emoticons/default/smile.gif)
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GWN7
post Apr 21 2006, 10:30 PM
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QUOTE(Ctrout @ Apr 21 2006, 08:07 PM) *

QUOTE(GWN7 @ Apr 21 2006, 10:00 PM) *

Most banks want security for any loan. They usually use a "Book" value on the car (if the car isn't listed in the book it's usually too old to be used as security). They also want the serial number of a security car and check to see if there is anyoutstanding loans against it.

Thinking of a silver 914? (IMG:style_emoticons/default/smile.gif)

You selling a silver one that I should be looking at?



I thought you were thinking of This one....it's at 30K....If i owned it, I wouldn't be selling (IMG:style_emoticons/default/smile.gif)
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Lou W
post Apr 21 2006, 10:37 PM
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QUOTE(GWN7 @ Apr 21 2006, 09:30 PM) *

QUOTE(Ctrout @ Apr 21 2006, 08:07 PM) *

QUOTE(GWN7 @ Apr 21 2006, 10:00 PM) *

Most banks want security for any loan. They usually use a "Book" value on the car (if the car isn't listed in the book it's usually too old to be used as security). They also want the serial number of a security car and check to see if there is anyoutstanding loans against it.

Thinking of a silver 914? (IMG:style_emoticons/default/smile.gif)

You selling a silver one that I should be looking at?



I thought you were thinking of This one....it's at 30K....If i owned it, I wouldn't be selling (IMG:style_emoticons/default/smile.gif)


That's the one I liked, but if I were really in the market for one, I'd look seriously at Craigs (Camp914) Black Widow.


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grantsfo
post Apr 21 2006, 10:40 PM
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How is your credit and do you have assets?
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Lou W
post Apr 21 2006, 10:43 PM
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I just noticed that, if you scroll further down the page, you'll see that the dealer that is selling that car will finance it.
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