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re: Trying to get a loan for an 07 truck

Posted on 9/14/14 at 6:50 pm to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71666 posts
Posted on 9/14/14 at 6:50 pm to
What pissed me off the most when I was trying to get a loan was limits. I wanted to get a 5k car with 2k down, and they wouldn't do it. I ended up having to buy a more expensive car then I wanted :(
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 9/14/14 at 7:39 pm to
It's mainly about risk. If you default on a loan then the bank has to send that car to auction. The amount the bank can make on the Liam to the risk of the loan isn't always worth the business.
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