Dream turned nightmare
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Dream turned nightmare



This is my first post here so hello everyone :).I want to share my 
experience of attempting to purchase a DeLorean with the group.I 
drove all over creation and inspected several cars finally selecting 
one close to where I live.I then attempted to get an auto loan 
through my bank to purchase it and now I have run into a brick 
wall.First I applied alone expecting to be turned down since I have 
no credit history and of course I was denied.I discussed my options 
with the loan officer at the bank and she assured me that if I 
applied with a cosigner I would have no problems.So I applied jointly 
with one of my parents (they both have excellent credit) and again I 
was denied.When I contacted the bank to ask why (since they failed to 
give a reason on the "adverse action" form I recieved)this is what 
they told me."We would not approve this loan for any amount even with 
a cosigner,We refuse to accept deloreans as collateral for any type 
of loan." Further attempts to contact them about it have recieved no 
response.I was curious to see what would happen if I tried to get a 
loan for a different type of car and found out that if I would buy a 
brand new vehicle from a dealership my bank would give me a cash 
voucher to do so.I dont understand this since the Delorean loan was 
for around 11,000 and the new car would be close to 35,000.All this 
has discouraged me terribly.Does anyone on here know if there is 
anyone out there willing to finance deloreans?I know it would be 
best to buy the car outright in cash but I just cant do that anytime 
soon and I want to drive my dream car sooner than later.thanks people






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