Re: Not mine 4/13

They have special loan companies for classic cars jjbest bank is one they got a commercial on tv. If you went to a bank and told them what you were doing depending on your credit and value of car they probably would give you the loan but they would want the title. You could always take a personal loan too and they dont have to know what your doing you could be using it for a vacation etc. I guess it all depends on the price of the car too 5k 10k even 20k not sure about 60k or 80k. People will build cars on credit cards which is fine but you have to do alittle at a time not put 30k on it. Some people refi there house.

Would the banks be taking liens on the vehicles, or would they simply be personal loans?

If it's the latter, then there would be no issue at all. The borrower is responsible whether the vehicle is worth anything or not. If the former, they can still sell the vehicle and pursue the borrower for the balance if they don't get their money back.

It's not the banks who are 'nuts to lend money', it's the borrowers who go in over their heads or don't foresee potential problems. Of course, there are unforeseen things and unfortunate circumstances, this is what life is made of.

Ray

On Saturday, 13 April 2019 22:17:40 UTC+10, bobsbelvedere wrote:

I can’t figure out how people get financing for some of these cars. What happens if we hit a bump in the economy and values drop? The banks must be nuts to lend money on many of them.

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On Apr 13, 2019, at 7:39 AM, Michael LeFevre <493...@xxxxxxxxx> wrote:

Quite a group Bob. It looks like "spring" pricing on most.
Mike

On Sat, Apr 13, 2019 at 7:03 AM Bob Faunce <bobsbe...@xxxxxxxxx> wrote:
It’s spring and they’re popping out of garages everywhere.

64 Bel https://indianapolis.craigslist.org/cto/d/1964-plymouth-belvedere-pro-street-car/6842738797.html

64 SF https://tippecanoe.craigslist.org/cto/d/1964-plymouth-sport-fury/6857784067.html

65 Coronet https://indianapolis.craigslist.org/cto/d/valparaiso-1965-dodge-coronet-a990-hemi/6831694542.html

64 Polara https://indianapolis.craigslist.org/cto/d/cloverdale-dodge-polara/6847207058.html

64 440 https://indianapolis.craigslist.org/cto/d/mchenry-1965-dodge-coronet-440/6831674636.html

64 Dart vert https://detroit.craigslist.org/wyn/cto/d/garden-city-1964-dodge-dart-gt/6864084895.html

63 Bel https://detroit.craigslist.org/wyn/cto/d/livonia-1963-plymouth-belvedere-33k/6860433879.html

65 Sat https://detroit.craigslist.org/mcb/cto/d/saint-clair-shores-1965-plymouth/6828486633.html

63 Valiant vert measly $6500 https://cincinnati.craigslist.org/cto/d/morrow-1963-plymouth-valiant/6856285157.html

65 SF https://cincinnati.craigslist.org/cto/d/camp-dennison-1965-plymouth-sport-fury/6863304402.html

65 SF https://cincinnati.craigslist.org/cto/d/camp-dennison-1965-plymouth-sport-fury/6863304402.html

65 Sat vert https://lexington.craigslist.org/cto/d/sevierville-65-plymouth-satellite-convt/6848535916.html

65 Valiant wagon https://lexington.craigslist.org/cto/d/somerset-1965-plymouth-valiant-wagon/6827061191.html

65 Fury 3 https://louisville.craigslist.org/cto/d/russell-springs-1965-plymouth-fury-iii/6835016584.html

65 Coronet https://cincinnati.craigslist.org/cto/d/florence-1965-dodge-coronet-project-car/6851331096.html

65 Dart vert https://cincinnati.craigslist.org/cto/d/cincinnati-1965-dodge-dart-gt/6858448631.html

65 Coronet not sure how to describe it https://louisville.craigslist.org/cto/d/garfield-1965-dodge-coronet/6854507552.html

65 500 https://louisville.craigslist.org/cto/d/1964-dodge-polara-500/6827994874.html

65 Coronet please translate https://louisville.craigslist.org/cto/d/hardinsburg-1965-dodge-coronet/6849148933.html

64 Newport vert https://louisville.craigslist.org/cto/d/louisville-64-chrysler-newport/6855296727.html

64 Le Baron https://louisville.craigslist.org/cto/d/radcliff-1963-chrysler-imperial-lebaron/6862713444.html

64 440 https://atlanta.craigslist.org/eat/cto/d/stockbridge-1964-dodge-polara-trade/6849537541.html

64 Polara https://atlanta.craigslist.org/sat/cto/d/millen-1964-dodge-polara/6859017250.html

65 Barracuda https://atlanta.craigslist.org/atl/cto/d/atlanta-1965-plymouth-barracuda/6864824872.html

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