Quote:
Originally Posted by sixto
No, I'm not getting a car. Someone asked if I was interested in taking over an existing loan. What I noted in the OP is all they could remember. They couldn't remember the rate or financed amount. Sounds like one of those 'how do I get out of this room' puzzles. I should be able to figure it out more quickly than using Excel.
Sixto
87 300D
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I never understood this "taking over a loan" thing. Can that really be done? What if the new person has a different credit rating? Personally I'd never do that even if it's possible. IMO the right way to do it is to pay the seller who then pays off any loans/leases and you get the car clear & free.
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2004 VW Jetta TDI (manual)
Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL
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08-12-2009, 03:05 PM
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