it is for vehicle and personal loans. I am sure if you were getting a business loans then a loan for a business vehicle would be available. No Isuzu that is another story.
Super VXer
it is for vehicle and personal loans. I am sure if you were getting a business loans then a loan for a business vehicle would be available. No Isuzu that is another story.
Super VXer
Um, guys.... have any of you seen any of that "news" stuff lately?
BoA is the walking dead - that's what they mean when they say "Zombie Banks". BoA is so screwed that they can only afford to write the tightest possible loans right now, hence the egregious restrictions.
The Isuzu ban seems pretty damn odd at first sight, but totally understandable - they think that the departure of Isuzu will lower the value of Isuzus in general, potentially turning Isuzu vehicle loans upside-down. Sort of like what's happened with home mortgages in the last 2-3 years.
Super VXer
PS - Bart, when I saw the thread title, I thought it was going to be about McManus's dying words in the The Ususal Suspects...
Super VXer
Yeah, that is the only logical explanation. I guess it seems strange because Isuzu is the only brand listed, and we all know that there are a lot of other car brands out there that are no more, so it is still a little odd to me.Originally Posted by VehiGAZ
Bart
Super VXer
The Isuzu ban seems pretty damn odd at first sight, but totally understandable - they think that the departure of Isuzu will lower the value of Isuzus in general, potentially turning Isuzu vehicle loans upside-down. Sort of like what's happened with home mortgages in the last 2-3 years
With any new car purchase you are immediatelt upside down by 20%. A car immediately begins to lose value the second it is titled and driven off the lot. It is not til halfway through the loan that you are even break even. I still say is a result of this being restrictions for personnel cars only. Maybe because they are worried about it breaking down and not having a dealer or parts network to fix the car.
Super VXer
Good points both! I dunno - I'm just grasping at straws. The more I think about it, the weirder the exclusion seems...
Posting Permissions
Reply With Quote
