Car financing.......
09-15-2008, 05:08 PM
#21
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If he has been financially responsible most of his life, he could have a fair amount of retirement savings, owns his house, and otherwise have no debt. He will get a very good debt to asset ratio in his credit report, and seen as having low risk.
He may be depressed only because he cannot bring in the money like he used to, not because he is poor.
He may be depressed only because he cannot bring in the money like he used to, not because he is poor.
09-15-2008, 08:51 PM
#23
Sad friggin story, but I think he embellished the story just a bit, and he may have a great credit score.
09-16-2008, 04:32 AM
#25
I know a guy who was considered a total loser in HS and arrived at his 20-year reunion in a 40ft coach conversion with color-matched trailer and Rolls Royce. He just couldn't resist - he's not usually the flashy type at all.
09-17-2008, 07:06 AM
#27
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Originally Posted by X4DLuvOfSpeedX,Sep 15 2008, 11:56 AM
Maybe he DID lie on his application, and then to your dad. That would make a lot more sense than a dealer financing a hot-selling model to a deadbeat with no income during a credit crunch.
if you cant prove that you can afford the monthly payment, rent/morg, living expenses, 98% of places will deny you a loan.
09-17-2008, 08:37 AM
#28
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Originally Posted by versionJDM,Sep 17 2008, 10:06 AM
if you cant prove that you can afford the monthly payment, rent/morg, living expenses, 98% of places will deny you a loan.
09-17-2008, 09:13 AM
#29
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Originally Posted by hyun83,Sep 17 2008, 09:37 AM
Are you talking about now? Or that this has been the norm?
its on most credit aps as well.
09-17-2008, 10:51 AM
#30
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Originally Posted by versionJDM,Sep 17 2008, 12:13 PM
as long as i remember. i have a pretty good CS, and they asked it of me on every car ive ever financed.
its on most credit aps as well.
its on most credit aps as well.