Quote:
Originally Posted by Dadhawk
@ Rally I have to think that the person at the bank either completely misunderstood you, or they didn't really know what they were doing.
If you go down to the bank (or better yet a credit union) and explain that you want to purchase the FR-S with a $9,000 loan that will immediately be used to pay off your existing car loan and you will never have possession of the money they shouldn't have a problem, particularly given the your "new" car will have about 50% or more equity.
Now, I do know there are some states where you can't actually sell your car if there is a lien against it if it is a private sale. Don't know if that is what you are running into or not, as I'm not sure how that works. |
Okay this makes alot of sense to me. I will say exactly this. Fingers crossed haha Thanks!