I just got my car 2 months ago with a loan. I bought it for $13,000 from a Jaguar/Pontiac dealer. I downpayed $6000 cash and got only a $7000 loan. I was originally planning on a 4 year plan which would put me well within reach of the car. However, when I went to go buy the car, I was shocked when the dealer told me my financing would not go longer than 3 years, and they gave me a higher interest rate too! Then the dealer told me how hard of a time they had getting any bank to finance it. They finally got thier primary bank (Firstar) to get the loan only after several calls. I asked them why this was so and all they would tell me was because of the car's age. Just goes to show you what a lot of people think of the car. What I would recommend is showing your bank a copy of DMC Houston's insurance letter. If they know that this 19 year old car is by no means a junker, and acually quite a collector, I would imagine they would me more positive about giving you the money for it. On a side note about your potential car, I say GO FOR IT!!! It sounds great, with great miles, and a VERY great price! Who cares if it needs front ties, get some Yokos for $200 bucks and your set to go!! For less than $12,000, I would NOT pass this puppy up! Good Luck Man!!! --- In dmcnews@xxxxxxxxxxx, azelin242@xxxx wrote: > Now here's an interesting question. When members of this list > purchased their cars (especialy those who bought them recently), how > much grief did the banks / financial institutions give you over > financing a car that age? My bank is asking for a 20% down payment, > an insurance binder for full coverage, with a $250 deductible, a copy > of the bill of sale, photographs of the car (front, rear, both sides > and interior) and an inspection report. Did you all have to provide > that? If not, can anyone reccomend a place that is actualy FRIENDLY > towards people purchasing DeLoreans? My bank is just giving me a > really hard time. I can understand a lot of what they are asking for, > but the attitude (why are you paying so much for such an old car?) is > really annoying. I'd like to be able to get my loan and get my car > easily, with less personality hassle. :P > > Thanks, DMCers > Luke