 
Main Menu
|
|
Nevada Classics
|
|
Advertise at CC
|
| S |
M |
T |
W |
T |
F |
S |
| |
|
|
|
1 |
2 |
3 |
| 4 |
5 |
6 |
7 |
8 |
9 |
10 |
| 11 |
12 |
13 |
14 |
15 |
16 |
17 |
| 18 |
19 |
20 |
21 |
22 |
23 |
24 |
| 25 |
26 |
27 |
28 |
29 |
30 |
31 |
|
|
CC Advertisers
|
|
 4Likes
04-24-2017, 03:15 PM
|
 |
Senior Club Cobra Member
|
|
|
Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
|
|
Not Ranked
Quote:
Originally Posted by patrickt
Yeah, yeah, yeah... what do you think the rate would be on an $80k 10yr loan on a Cobra, assuming you could get it. 8%... higher?
|
Assuming you can find a specialized loan, that's fixed. I'd speculate that a borrower would be lucky to see 10-year loan and 8%. And that $80,000 Cobra is now about $100,000 Cobra including interest.
If the OP had a HELOC, around 4%-ish, then maybe I'd finance a Cobra. Makes it easier to sell the car and cheaper with tax deductible interest.
I just think the whole process of selling a car with a specialized loan would be off-putting for any potential buyer.
"Ya, sure, you pay off my loan and the title will be in the mail to you in a few weeks from Podunk, USA."
Or maybe contact Toyota and see if they can extend their 0% financing to Cobras.  |
04-24-2017, 03:43 PM
|
 |
Full Blown Member
|
|
|
Join Date: Sep 2008
Cobra Make, Engine: KMP 427 S/C, Twin Paxton 511 FE
Posts: 2,594
|
|
Not Ranked
I'll loan the kid money.
I'll be the first on a hard money loan.
Rate TBD.
__________________
rodneym
|
04-24-2017, 03:53 PM
|
 |
Half-Ass Member
|
|
|
Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
|
|
Not Ranked
Quote:
Originally Posted by rodneym
I'll loan the kid money.
I'll be the first on a hard money loan.
Rate TBD.
|
OK, but none of that kneecap smashing stuff like last time....  |
04-24-2017, 04:55 PM
|
|
Full Blown Member
|
|
|
Join Date: Sep 2008
Cobra Make, Engine: KMP 427 S/C, Twin Paxton 511 FE
Posts: 2,594
|
|
Not Ranked
Quote:
Originally Posted by patrickt
OK, but none of that kneecap smashing stuff like last time.... |
My associate, Vinny Patela, takes exception to that.
__________________
rodneym
|
04-24-2017, 05:31 PM
|
|
Half-Ass Member
|
|
|
Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
|
|
Not Ranked
Quote:
Originally Posted by rodneym
My associate, Vinny Patela, takes exception to that.
|
Maybe you could loan RodKnock enough dough for him to buy a Loving Cup next to his name too. |
04-24-2017, 05:48 PM
|
|
Senior Club Cobra Member
|
|
|
Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
|
|
Not Ranked
Quote:
Originally Posted by patrickt
Maybe you could loan RodKnock enough dough for him to buy a Loving Cup next to his name too. |
Once upon a time I did donate.
But now I'd rather give whatever money is leftover at the end of month, that's earmarked for donation, to an actual charity that helps people who really need it.
And even if I were to donate to this site, CC would probably be offline when I did do it. Or, if CC were online, then I click on the donate button and it would probably send me to one of Patrick's favorite porn sites.  |
04-24-2017, 05:51 PM
|
|
Half-Ass Member
|
|
|
Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
|
|
Not Ranked
Remember, charity begins at home.  |
04-24-2017, 04:52 PM
|
|
Senile Club Cobra Member
|
|
|
Join Date: Feb 2001
Location: Buffalo, NY USA,
NY
Cobra Make, Engine: Superformance
Posts: 4,566
|
|
Not Ranked
Quote:
Originally Posted by RodKnock
I just think the whole process of selling a car with a specialized loan would be off-putting for any potential buyer.
"Ya, sure, you pay off my loan and the title will be in the mail to you in a few weeks from Podunk, USA."
|
"That's not how this works, that's not how any of this works"
__________________
"I'm high all right, but on the real thing....powerful gasoline and a clean windshield..."
rick@autoventureusa.net
|
04-24-2017, 05:41 PM
|
|
Senior Club Cobra Member
|
|
|
Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
|
|
Not Ranked
Quote:
Originally Posted by Mark IV
"That's not how this works, that's not how any of this works"
|
Well, thank you for your well-thought out rebuttal (or alternative facts) without any sort of evidence to support it. Typical Muck.
I have actually purchased a car or two from private citizens and that's how the deals work(ed) or were going to work. Bank holds title. Seller has car. Loan is paid off by buyer/seller. Bank has to send title to Buyer, all the while, cash has been withdrawn from buyer's bank. Seller's bank hopefully sends title to new owner. There's a lot of trust in the process. |
04-25-2017, 09:38 AM
|
 |
CC Member
|
|
|
Join Date: Aug 2014
Location: Syracuse,
Ny
Cobra Make, Engine: Superformance #2660, FE-406
Posts: 372
|
|
Not Ranked
Quote:
Originally Posted by RodKnock
Well, thank you for your well-thought out rebuttal (or alternative facts) without any sort of evidence to support it. Typical Muck.
I have actually purchased a car or two from private citizens and that's how the deals work(ed) or were going to work. Bank holds title. Seller has car. Loan is paid off by buyer/seller. Bank has to send title to Buyer, all the while, cash has been withdrawn from buyer's bank. Seller's bank hopefully sends title to new owner. There's a lot of trust in the process. |
No there isn't...it is the way the law works, and typically the exact same as a new car from a dealer. In point of fact, in most states, you do, in fact get your title with a listed lien holder.
__________________
The older I get, the faster I was.
|
| Thread Tools |
|
|
| Display Modes |
 Hybrid Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -7. The time now is 04:25 AM.
Links monetized by VigLink
|
