Dipshidz - Page 3

wildchild · 03-23-2010, 08:30 AM

exactly why I hate dealing with people and trying to sell things.

Rider · 03-23-2010, 08:38 AM

God damn, what an ass. Tell him the bike is sold and then add his email to your blocked senders list.

Gas Man · 03-23-2010, 09:05 AM

Quote:

Originally Posted by wildchild

exactly why I hate dealing with people and trying to sell things.

Exactly!!

ontwo · 03-23-2010, 10:16 AM

What a stupid fuck. I doubt the guy's banker told him that (it is possible, though). What he probably said was something like "the most I can loan on that bike is xxx"

I see this all the time. I make it very clear to the customer. My loan policy says I have to go by NADA loan value. However, the retail on the bike/car is xxxx. That means you will need a down payment.

Rider · 03-23-2010, 10:21 AM

Quote:

Originally Posted by ontwo

What a stupid fuck. I doubt the guy's banker told him that (it is possible, though). What he probably said was something like "the most I can loan on that bike is xxx"

I see this all the time. I make it very clear to the customer. My loan policy says I have to go by NADA loan value. However, the retail on the bike/car is xxxx. That means you will need a down payment.

Isn't typical loan to value ratio like 90% max? I know used cars are financed at 100% a lot of the time, but used bikes? Seems like a bad idea for banks to do that.

Tmall · 03-23-2010, 10:30 AM

You can't just go in and get a personal loan or line of credit? It took me about 20 minutes to get a line of credit. I can use it for whatever I wish, new vehicle, hookers, blow, vehicles for hookers on blow..

Particle Man · 03-23-2010, 10:31 AM

Sounds like he needs a bit of an attitude adjustment and a lesson on how buying/selling works.

And definitely watch your house and your stuff.

Rider · 03-23-2010, 10:45 AM

Quote:

Originally Posted by Tmall

You can't just go in and get a personal loan or line of credit? It took me about 20 minutes to get a line of credit. I can use it for whatever I wish, new vehicle, hookers, blow, vehicles for hookers on blow..

Yeah you can, but wouldn't your interest rate be higher because it is a non secured loan?

Tmall · 03-23-2010, 11:10 AM

Quote:

Originally Posted by Rider

Yeah you can, but wouldn't your interest rate be higher because it is a non secured loan?

I don't think mine is much more than 5-6%.

ontwo · 03-23-2010, 11:15 AM

Quote:

Originally Posted by Rider

Isn't typical loan to value ratio like 90% max? I know used cars are financed at 100% a lot of the time, but used bikes? Seems like a bad idea for banks to do that.

Yeah, usually closer to 80%. It's good to have the NADA subscription because it is a documented "loan value" that already has the retail discounted.

Yes, it is risky for anything to be done at 100%, especially toys. There are mitigating factors such as deep, perfect credit or lots of verifiable income.

03-23-2010, 10:16 AM	#24
ontwo Designated Drinker Join Date: Jul 2008 Location: shitville Moto: 2009 ZX6R Posts: 1,661	What a stupid fuck. I doubt the guy's banker told him that (it is possible, though). What he probably said was something like "the most I can loan on that bike is xxx" I see this all the time. I make it very clear to the customer. My loan policy says I have to go by NADA loan value. However, the retail on the bike/car is xxxx. That means you will need a down payment. __________________

03-23-2010, 10:31 AM	#27
Particle Man Custom User Title Join Date: Nov 2008 Location: Central NY Moto: 2003 SV650S Posts: 14,959	Sounds like he needs a bit of an attitude adjustment and a lesson on how buying/selling works. And definitely watch your house and your stuff. __________________ I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away.

03-23-2010, 08:30 AM	#21
wildchild cruiser Join Date: Nov 2008 Location: on the run Moto: '09 HD superglide, 16 Yamaha FZ 09 Posts: 2,749	exactly why I hate dealing with people and trying to sell things.

03-23-2010, 08:38 AM	#22
Rider Moto GP Star Join Date: Feb 2008 Posts: 12,156	God damn, what an ass. Tell him the bike is sold and then add his email to your blocked senders list.

03-23-2010, 10:30 AM	#26
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	You can't just go in and get a personal loan or line of credit? It took me about 20 minutes to get a line of credit. I can use it for whatever I wish, new vehicle, hookers, blow, vehicles for hookers on blow..