Tell me how much of a fool I would be for financing a 07 Acura tl with 200,000+ miles on it, for 11k

unit321

Hong Kong Phooey
Joined
May 2, 2012
Messages
22,214
Reputation
1,784
Daps
23,104
Reppin
USA
jesus christ. :snoop: will banks even finance a car with that much mileage???? you not even gonna have a warranty on that shyt :dahell:

I have an 05 version of that car and it only has 118k miles on it to put it in perspective.
If banks don't like the year/mileage of the vehicle, they'll reject the application and suggest taking out a personal loan instead.
 

beenz

Rap Guerilla
Joined
May 1, 2012
Messages
83,515
Reputation
10,680
Daps
190,919
Reppin
The Chi (South Side)
If banks don't like the year/mileage of the vehicle, they'll reject the application and suggest taking out a personal loan instead.

yeah, but to secure a personal loan, ur gonna need some kinda collateral right? usually a car loan uses the car as collateral, but I doubt they are gonna do that with a car that age/mileage.
 

unit321

Hong Kong Phooey
Joined
May 2, 2012
Messages
22,214
Reputation
1,784
Daps
23,104
Reppin
USA
yeah, but to secure a personal loan, ur gonna need some kinda collateral right? usually a car loan uses the car as collateral, but I doubt they are gonna do that with a car that age/mileage.
Hmm. If you have good credit, then you're good. Me. I took a $8000 personal loan for a used car. It was over 6 years old at the time of purchase. I didn't take the auto loan route. I had no collateral. I had good credit and a good job. :manny: No, I'm not white.
 

beenz

Rap Guerilla
Joined
May 1, 2012
Messages
83,515
Reputation
10,680
Daps
190,919
Reppin
The Chi (South Side)
Hmm. If you have good credit, then you're good. Me. I took a $8000 personal loan for a used car. It was over 6 years old at the time of purchase. I didn't take the auto loan route. I had no collateral. I had good credit and a good job. :manny: No, I'm not white.

what kinda interest they charge for a personal loan?
 

ORDER_66

I dont care anymore 2026
Joined
Feb 2, 2014
Messages
148,465
Reputation
16,639
Daps
589,887
Reppin
Queens,NY
200k miles though and you paying 11k financing?!

facepalm.gif
 
Top