[Shotimes] OT Used car financing

[Ron Porter]

Yeah, the whole issue isn't that a car is 5 years old, or has over 80K
miles, it's (as Ian mentioned) what is the value to be used as collateral?
Most regular cars are not worth much after 5 years. IIRC, Fred used Capital
One when he bought my 911 a year ago. Even on a 21-year-old car the market
value was still up there.

Another way is to get an unsecured Home Improvement loan, or something along
those lines. Or use a credit card. Granted, unsecured loans have higher
interest rates, but, that's life.

Ron Porter

-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Paul L Fisher
Sent: Friday, December 09, 2005 6:11 AM
To: 'Peter Chase'; 'Sholist'
Subject: RE: [Shotimes] OT Used car financing

My credit union has no issues with any car I drag to them. www.abecu.org
Problem is, you have to be a member.


Paul L Fisher

-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Peter Chase
Sent: Thursday, December 08, 2005 10:10 PM
To: Sholist
Subject: [Shotimes] OT Used car financing

Has anyone ever tried to obtain financing for a used car that was more than
5 years old or had more than 80,000 miles?  I've tried multiple different
lenders but no-one seems to offer any type of financing for cars of this
age/mileage, regardless of how much I have to put down.  Are there any
specialty companies out there who do these types of loans?
Thanks,
    Pete