Not entirely true. You can get a loan, just at usurious rates. I got a
new MINI Cooper S Clubman in December. I had ordered it in Sept when I
was quoted 6% what I got was higher. I got it through MINI Finance, it
was the only loan I could get at the time.
BTW love the damn car. It is a blast to drive (read: planted handling)
and I find myself less prone to try to race than I did in the Saturn.
In the Saturn I was trying to keep up, in the MINI, I know I can take
them ;-)
Larry
On Feb 21, 2009, at 1:52 AM, Jim Johnson wrote:
> You're missing the point, guys. Of course all the car manufacturers
> are in
> trouble because they can't sell their cars. But its not because
> people don't
> want to buy their cars. Its because nobody can pay cash on the
> barrel head
> and the banks aren't lending!!
> The cars are just fine. The banks and the credit (or lack thereof)
> markets
> are the problem. Who's got 50% and their first born to put down?
>
> Cheers!!
> Jim
>
>
--
Larry Macy
78 Midget
Keep your top down and your chin up.
Larry B. Macy, Ph.D.
lmacy@phillymgclub.com
Board Member at Large
Philadelphia MG Club
Ask a question and you're a fool for three minutes; do not ask a
question and you're a fool for the rest of your life.
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