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Article #8520Re: Private Car Purchase--Horror Story
From: Kenneth Herron
Date: Wed, 08 Jul 1992 18:59
Date: Wed, 08 Jul 1992 18:59
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1793 bytes
eoates@us.oracle.com writes: >Another technique is to take over the loan from the seller - most car loans >allow this. You go to the bank together and fill out the credit app; if the >loan balance is less than the sales price (hard to find with these 60 month >loans!), buyer pays seller the difference after the bank agrees that buyer can >take the loan. Then buyer can pay the loan in installments or in a lump sum as >he sees fit. If the buyer is not credit worthy, use the first method. A word of caution: If you see a car-for-sale ad that says "take over the payments", most likely the seller got royally scr*wed by the salesman and the car is worth less than the loan amount. Generally you want to stay away from these... -- Kenneth Herron kherron@ms.uky.edu University of Kentucky +1 606 257 2975 Department of Mathematics "Thanks to the magic of the slow-motion camera, we can now show you how ugly the inside of someone's mouth can be."
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From: kherron@ms.uky.edu (Kenneth Herron)
Subject: Re: Private Car Purchase--Horror Story
References: <1992Jul7.050815.9282@nntpd2.cxo.dec.com>
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Date: Wed, 8 Jul 1992 18:59:23 GMT
Organization: University Of Kentucky, Dept. of Math Sciences
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