Red Devil
12-27-2002, 12:30 PM
It's been more than a month since I've checked out the site, and it looks like a lot of new members and a few new sections have been added to the forum. Everything looks great!!!
Anyway, I've recently been speculating more and more about buying another FD in place of the RX-8, or Vette. What I'm finding, though, is that all the lenders I've spoken with will not lend money for a car that is more than 6 years old. This puts the FD out of reach.
Has anyone else experienced this, or does anyone know of a bank or lender that will loan on an FD. I don't want to pay for the car in full, because I will want to use my immediate liquiet assets to do some reliability upgrades and explore the possibility of dropping a Renesis in the car. And I don't want to do an asset-based loan because the interest rates for those are insane.
Any information would be greatly appreciated.
Anyway, I've recently been speculating more and more about buying another FD in place of the RX-8, or Vette. What I'm finding, though, is that all the lenders I've spoken with will not lend money for a car that is more than 6 years old. This puts the FD out of reach.
Has anyone else experienced this, or does anyone know of a bank or lender that will loan on an FD. I don't want to pay for the car in full, because I will want to use my immediate liquiet assets to do some reliability upgrades and explore the possibility of dropping a Renesis in the car. And I don't want to do an asset-based loan because the interest rates for those are insane.
Any information would be greatly appreciated.