Re: Not mine 4/13
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Re: Not mine 4/13



Would the banks be taking liens on the vehicles, or would they simply be personal loans?

If it's the latter, then there would be no issue at all. The borrower is responsible whether the vehicle is worth anything or not. If the former, they can still sell the vehicle and pursue the borrower for the balance if they don't get their money back.

It's not the banks who are 'nuts to lend money', it's the borrowers who go in over their heads or don't foresee potential problems. Of course, there are unforeseen things and unfortunate circumstances, this is what life is made of.

Ray


On Saturday, 13 April 2019 22:17:40 UTC+10, bobsbelvedere wrote:
I can’t figure out how people get financing for some of these cars. What happens if we hit a bump in the economy and values drop? The banks must be nuts to lend money on   many of them.

Sent from my iPad

On Apr 13, 2019, at 7:39 AM, Michael LeFevre <493...@xxxxxxxxx> wrote:

Quite a group Bob. It looks like "spring" pricing on most.
Mike

On Sat, Apr 13, 2019 at 7:03 AM Bob Faunce <bobsbe...@xxxxxxxxx> wrote:
It’s spring and they’re popping out of garages everywhere.

64 Bel https://indianapolis.craigslist.org/cto/d/1964-plymouth-belvedere-pro-street-car/6842738797.html






















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