Re: expensive spit

[fred thomas <vafred@erols.com>]

Anjison@aol.com wrote:
> 
> Yes, according to my banker and credit union: If it has never been titled it
> is new.....This happened a few years ago alot when the motorcycle industry
> took such a hit, there were   3-5 year old "New" bikes everywhere.
> 
> Fred


Makes no difference a banks charter only allows them to go back 5 years 
on financing, unless you take out a personal loan. So if you are buying a 
brand new l994 in l998 it can only be financed as a personal loan, and 
not a new car loan.