Quote:
Originally posted by tddnepa
russ,
capone does look pretty good. can you tell me, how do you categorize the car in a loan? if i were to need, say, 65 for an ERA, putting 1/2 down in cash...do i call it an "other" when i fill out the app? i guess it's a new car from a dealer, right?
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Put down "other". They base the loan on you and your credit versus the car itself, although you do have to prove that it's worth what you're paying for it (via an appraisal or a price sheet from one of the manufacturers showing what a factory-assembled car would cost).
Russ