Results 1 to 6 of 6

Thread: problem getting a loan kina

  1. #1
    IA MEMBER YokotaS13's Avatar
    Join Date
    Apr 2005
    Location
    saudi arabia
    Age
    39
    Posts
    5,297
    Rep Power
    26

    Default problem getting a loan kina

    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

  2. #2
    Drifter/Kneedragger
    Join Date
    Nov 2002
    Location
    Buford, GA, USA
    Posts
    6,528
    Rep Power
    29

    Default

    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.

  3. #3
    Proud to be Retrosexual Jaimecbr900's Avatar
    Join Date
    Jan 2003
    Posts
    9,189
    Rep Power
    37

    Default

    Quote Originally Posted by HiPSI
    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.

  4. #4
    Something Else Kevykev's Avatar
    Join Date
    Jun 2003
    Location
    'Round These Parts
    Age
    41
    Posts
    15,713
    Rep Power
    43

    Default

    Yeah, you must have collateral that's worth more than the different!

    Another vehicle with suitable value should be sufficient.

    Leisa and S. 4 Life NM?

  5. #5
    IA MEMBER YokotaS13's Avatar
    Join Date
    Apr 2005
    Location
    saudi arabia
    Age
    39
    Posts
    5,297
    Rep Power
    26

    Default

    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

  6. #6
    IA MEMBER YokotaS13's Avatar
    Join Date
    Apr 2005
    Location
    saudi arabia
    Age
    39
    Posts
    5,297
    Rep Power
    26

    Default

    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

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About us
ImportAtlanta is a community of gearheads and car enthusiasts. It does not matter what kind of car or bike you drive, IA is an open community for any gearhead. Whether you're looking for advice on a performance build or posting your wheels for sale, you're welcome here!
Announcement
Welcome back to ImportAtlanta. We are currently undergoing many changes, so please report any issues you encounter with the site using the 'Contact Us' button below. Thank you!