20,000 USD Loan, anyone a loan shark?
 

:upsidedow
Ok so I am not expecting this to be a serious thread, but going to try and see if it will be anyways.

Buying a new car and need 20k and hate bank loan people, they are all "car is 9 years old, we cant give a rate less then 11.5% even though you have exceptional credit" to which I say, "its a collectors car and has 8000 miles only"

Is there a way to get a better rate online somehow? e-pawn something or e-loans??? I dont know.

:1orglaugh :1orglaugh :1orglaugh

just goto a bank, most banks will be willing to give you a loan if you have good credit.

do you own any 1 word domains that end with .com ?

banks are willing, but 11.5% sucks balls.

sorry no one word .com's couple brandable domains... but we all know the worth of those with no trafic.

:uhoh :1orglaugh :1orglaugh

:1orglaugh

Please.

maybe the rate is high because your credit is shit?

I was told I have good credit :helpme Maybe I'll go in for a personal loan instead of borowing against the car.
All they could do it look at my credit score, and the year of the car and use some damn chart, 11.5% was the best rate for a 9 year old car.

A know a loan shark, he only charges 10%....








Of course its 10% per week... stick to the bank... :pimp

Consider credit card convenience checks ...

One can borrow a decent amount of money fast ($10K, $20K, etc upto their credit limit; even beyond that depending on the issuer) at relatively low rates, assuming one has quality credit ... low as 0% to 3% short term and around 5% long-term "fixed" (risk: default provisions in agreements that can kick in unexpectedly).

When buying a car, etc you may need to deposit the convenience check into your bank account first (read credit card agreement very carefully regarding cash advances; good cards won't charge any extra), and then pay the dealership with a personal/certified check.

Increasingly folks these days skip the bank/dealership when buying a car and borrow money through other venues.

Ron

p.s. when buying the car, steer clear of the 0% financing and other crap - it's all nonsense, they're simply rolling much of the interest into the price; even if not, 0% car deals are usually 5+ years often leading the loan to be "upside down" in short order - a very bad thing.

good luck go for the personal loan

Loan sharks would ask wayy more then that :upsidedow

That's amazing.

digipawn.com

thats like exactly what I was looking for... I think.
I will look it over more when I get home from work.

what other valuables do you have that you can live without (ex: big screen
TV, girlfriend, LCD's, house)?

Skip the bank, get a high limit Capital One card with their low introductory rate and hopscotch cards for a couple of years at 2%. If your credit is good, Capital One will quietly offer you their platinum card ($50k limit) with a 2.9 FIXED rate when you threaten to switch.

Banks are for suckers. :2 cents: :2 cents:

How do I pay a person though?
And how do I get this card? seems exactly what I want.

Plus this company is from Rick Latona so its not someone who's gonna rip you off. Definitely worth going through if you have the assets to put up for pawning.

WG

Agreed :thumbsup

hmmm, why dont you try it the old fashioned way ? ? save money ?? ? loaning small amounts like $20k seems quite ridiculous to me

Apply only or call them.

You pay for the car using the cc checks.

Its a used collectors car. waiting the 8 months it would take me would be too late.

Looking at digipawn and capital one :)
Thanks for those two idea's

which credit card has 5% long term "fixed" rate?

:1orglaugh :1orglaugh :1orglaugh

Capital One reserves it for its best customers.

pff...very funny man...really i'm LOL like a motherfucker...

I think there isn't better way:(

I wanted buy a $20,000 car when I was 16 too

right...
I'm 21, and the car is a summer fun car. a 96 Camaro SS with 8000 miles on it.


Managed to get the bank to give me the loan with 4.25% interest. So I'm happy :)