Re: [DML] Dream turned nightmare

[Vin 5386 <delorean_stainless@xxxx>]

PLease check the archive as this has been disscussed
in detail before. Thats going to be your best place to
research the info you need. also you might try an
online lender such as eloans.com or one of the others.
these loans come with higher APR but you will probally
get the loan. Keep us posted.

Todd
Vin 5386
--- "deloreandelorean <deloreandelorean@xxxx>"
<deloreandelorean@xxxx> wrote:
> 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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=====
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