TwinTurbo.NET: Nissan 300ZX forum - I see you work at a bank, so I'll ask you this:
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Subject I see you work at a bank, so I'll ask you this:
     
Posted by Scotts94z32 on October 30, 2007 at 3:06 PM
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In Reply To Banks won't, dealers will. posted by Z_Cherub on October 30, 2007 at 02:26 PM
     
Message Don't dealers usually finance to the buyer FROM a bank? I know the parent company (i.e. GM) can back loans, but that would be for a new car and a borrower with outstanding credit.

In NJ and CA, dealers can add % points to the loan as well. i.e. you get approved at 6.5 and they write you up at 7.5%. That is the limit of my knowledge-base, however, I'll speculate that if a dealer approved a loan on a very old used car like this, it would be at or above the personal loan level.

Based on your background, what do you think?

SS

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