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<blockquote data-quote="squeak9798" data-source="post: 3119401" data-attributes="member: 555320"><p>Most local banks should be willing to finance the car. Three things to take into consideration though.....# 1 you'll probably have to put a fair amount of money down since in most instances the price of the car, especially older cars, far exceeds it's loan value (the amount a bank or other financial institution is willing to lend against the car), and # 2 you'll be hard limited to a term of 36 months whereas most "newer" cars can be financed out to 60-72 months by some insane lenders (but this shouldn't really pose a problem for you since the pymts should still be reasonable as the car isn't going to be overly expensive).......and # 3 the rate will be higher due to the age of the vehicle.</p><p></p><p>But you should be able to find a bank or credit union in your area to finance it for you with little to no problem.</p></blockquote><p></p>
[QUOTE="squeak9798, post: 3119401, member: 555320"] Most local banks should be willing to finance the car. Three things to take into consideration though.....# 1 you'll probably have to put a fair amount of money down since in most instances the price of the car, especially older cars, far exceeds it's loan value (the amount a bank or other financial institution is willing to lend against the car), and # 2 you'll be hard limited to a term of 36 months whereas most "newer" cars can be financed out to 60-72 months by some insane lenders (but this shouldn't really pose a problem for you since the pymts should still be reasonable as the car isn't going to be overly expensive).......and # 3 the rate will be higher due to the age of the vehicle. But you should be able to find a bank or credit union in your area to finance it for you with little to no problem. [/QUOTE]
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