RE: [DML] DeLorean Financing

["Jack Stiefel" <jackstiefel@xxxx>]

Well a new car has value and the loaner holds the title insuring their cut.
A 20+ year old car is just that, 20 years old. And the value is not readily
figured out considering differing conditions of cars. I am not sure why the
older cars get overlooked, but I feel it has to do with the risk factor for
the lending company going back to the value. What I mean is there are
$5,000 D's and $30,000 D's. The banks just don't want to deal with it.

Not too sure, but that's all I can come up with after 8 hours of mowing here
at home today. Man am I bushed.

_______________________________
Jack Stiefel - 104.9 Radio Cape Vincent
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-----Original Message-----
From: Darin Wolf [mailto:son_darin@xxxx]
Sent: Wednesday, May 21, 2003 8:06 PM
To: dmcnews@xxxxxxxxxxxxxxx
Subject: [DML] DeLorean Financing

It would seem I have run into a minor position here in the good old
state of Missouri. I want to be able to get a loan on a DeLorean
that just happens to be sitting in a suitable location. There is
only one problem.

What I want to know, is why it is that I can get financing on a
newer vehicle and yet it seems no one here can get loans on one of
these cars. It would seem that the bank is rather reluctant to help
in this situation. I wonder how many of you out there have run into
this kind of situation. What did you have to do to get around to it?

Thanks,



Daemon Wolf.