PDA

View Full Version : problem getting a loan kina



YokotaS13
10-22-2005, 10:45 PM
So there is this buell i want
98 S1 lightning
it NADA at 3200 or something like that
They guy is selling it for 4800 an is well worth it

How do i get the financing for it

credit score is 715 btw

HiPSI
10-22-2005, 11:17 PM
any bank will only finance what the books say it's worth at best, so unless you have lots of collateral to take out a personal loan then that's all you're gonna get.

Jaimecbr900
10-22-2005, 11:46 PM
any bank will only finance what the books say it's worth at best, so unless you have lots of collateral to take out a personal loan then that's all you're gonna get.

That's been my experience too.

Kevykev
10-23-2005, 08:50 AM
Yeah, you must have collateral that's worth more than the different!

Another vehicle with suitable value should be sufficient.

YokotaS13
10-23-2005, 01:01 PM
i have a bombardier ds650 also that i could use, but i need to sell that before the loan would be payed off. Im almost to the point where i could just take out a loan for hte bike and a personal loan, for the small amount of excess, or just save up for it. Either way i have ot come up with about 1800 bucks lol

YokotaS13
10-25-2005, 12:25 AM
Justy for an update, i went ot the bank, they will give me a 2900 loan on the bike, then use the bike as colalteral for the 1100 loan for me, and i have the cash for the rest!!! Im so happy, now if that guy gets my bike, yalla re gonna see a RARE buell cruisin