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High mileage auto loan?

Posted on 5/15/11 at 11:43 am
Posted by sabansucks
Hammond
Member since Feb 2008
225 posts
Posted on 5/15/11 at 11:43 am
Can someone tell me anyone that will finance a truck with 160k miles. I've been working through a dealer in Slidell but they couldn't find anyone. The price is 15k and the trade in value on the truck is between 18k-19k.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/15/11 at 11:58 am to
15k for a truck with 160,000 Miles???????
Posted by sabansucks
Hammond
Member since Feb 2008
225 posts
Posted on 5/15/11 at 12:10 pm to
15k for a truck with 160,000 Miles???????




Its still worth over $24k retail and I know the prvious owner so it was taken care of. Plus it's a deisel so mileage doesn't matter that much.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19307 posts
Posted on 5/15/11 at 12:25 pm to
I had the same problem with my truck, could not get an auto loan. My credit union agreed to do a signature loan with the truck as collateral, but at a higher rate than the auto loan.
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