Dream turned nightmare
[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Dream turned nightmare
- From: "deloreandelorean <deloreandelorean@xxxx>" <deloreandelorean@xxxx>
- Date: Sun, 02 Feb 2003 00:01:43 -0000
This is my first post here so hello everyone :).I want to share my
experience of attempting to purchase a DeLorean with the group.I
drove all over creation and inspected several cars finally selecting
one close to where I live.I then attempted to get an auto loan
through my bank to purchase it and now I have run into a brick
wall.First I applied alone expecting to be turned down since I have
no credit history and of course I was denied.I discussed my options
with the loan officer at the bank and she assured me that if I
applied with a cosigner I would have no problems.So I applied jointly
with one of my parents (they both have excellent credit) and again I
was denied.When I contacted the bank to ask why (since they failed to
give a reason on the "adverse action" form I recieved)this is what
they told me."We would not approve this loan for any amount even with
a cosigner,We refuse to accept deloreans as collateral for any type
of loan." Further attempts to contact them about it have recieved no
response.I was curious to see what would happen if I tried to get a
loan for a different type of car and found out that if I would buy a
brand new vehicle from a dealership my bank would give me a cash
voucher to do so.I dont understand this since the Delorean loan was
for around 11,000 and the new car would be close to 35,000.All this
has discouraged me terribly.Does anyone on here know if there is
anyone out there willing to finance deloreans?I know it would be
best to buy the car outright in cash but I just cant do that anytime
soon and I want to drive my dream car sooner than later.thanks people
Back to the Home of PROJECT VIXEN