[DML] One way to get money to buy a Delorean.
   
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[DML] One way to get money to buy a Delorean.
- From: KiwiDean@xxxxxxx
 
- Date: Wed, 7 Jul 2004 20:40:01 EDT
 
Some folk have asked me how I managed to buy a Delorean.  I had tried  
financing through several companies, but it was no-go (mainly due to the age of  the 
car).  I went through MBNA, who established me a $15,000 line of credit  
account.  With that, I managed to buy a Delorean with clear title, and even  
though the interest rate was on the face of it high (18%), given the fact that  the 
other finance companies tack on additional costs onto their 'on the face of  
it' low interst rate, it actually worked out pretty good.  In order to  fully 
pay off the line of credit in 5 years, it is $395.00, which I willingly  pay 
(shows you how badly I wanted a Delorean), but as the min monthly payment is  
$260, I can be flexible in my payments if any problems show up, plus money paid 
 back can be used again if need be.  This really worked out well for  me.
 
Dean Thomas
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