Quote:
Originally Posted by pj67coll
I completely agree with the sentiments in the original post. I've even been in almost the exact same situation with both banks and credit unions re trying to buy an old Caddy DeVille and old Mercedes. No problem financing some brand new piece of crap like my 02 Rio, but forget a decent car that I'd be far more easily able to make the payments on like a good old Caddy or Mercedes for just a couple of g's. Makes you wonder if a bank or credit union is actually worth a damm.
- Peter.
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Banks are a financial business; They are not in the car business--except as it relates to money. As such they have to write the rules so that everybody in their organization knows how to make a loan. The Blue Books is the accepted standard.
Knowing this, gives older MB fans ( is that old people who are fans of MB, or people of any age who are fans of older MB?--I LOVE English !)
information to use to our advantage. Find a car you want, and then wait for it to drop out of the Blue Book--then buy with cash.
I do not believe there is a new car for under $20,000 that can touch the ride/ handling/ economy of my '82 300SD.