Re: DeLorean Financing

["John Elgersma" <delorean@xxxx>]

If you own a house and have a bit of collateral accumulated, your 
bank should be able to get you into a second mortgage or a line of 
credit at a low rate of 5% or something close to it. Then take out 
the cash, buy your Delorean and pay your monthly payment. I guess it 
is kind of like an overdraft on your chequeing. The rate will never 
be 1 or 2% but that is the way to do it. Loans are expensive and a 
much higher interest rate.
Good luck!!
JohnE

--- In dmcnews@xxxxxxxxxxxxxxx, "Darin Wolf" <son_darin@xxxx> wrote:


> 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.