Have you looked into a personal loan using the car as collateral? I'd assume you'll need an appraisal. Btw I had a credit union loan on a 65 chevelle. Just had to send pics and info I dont remeber the exact interest was but it wasnt anything crazy, well below 10. I am thinkig 7%

Obviously we don't know what's going on with your financial situation John, and don't need to, but stay away from any institution that has 'Title Loan' in its name. Talk to your local banker, credit union, or whatever before you go that route. Sorry to hear you're even having to consider it. Generally that's worse than the last resort.

401k loans, while bad for your retirement prospects, can be less hurtful than a 10%+ title loan.

I'm not broke. Just wanted to get my new brewery open faster. The city is sticking me with 400k in water/sewer fees for a commercial development I'm working on. Just thought I could refi my car instead of sell it as I really like my car.

People use car loans ALL THE TIME. Not sure why everyone is making this sound so bad. I found a credit union that does then for 3 percent today. They just become the lein holder.

John, good luck to you on this endeavor, it is sizable. But, in my opinion, a very wise investment, I believe you have a very good product there, especially with the new mixed use and the 6 story over by west Dublin Bart.

Guys, John is opening up a couple of eateries in Dublin CA, a very wise, albeit investment...
Your storefront elevation didn't change much, price will come down. You may be able to source the front doors for way less, if they meet the architectural desires of the new design. I've reviewed the numbers and owe you a revision.

400K in sewer/water fees doesn't suprise, me, just dissapoints me. That kinda crap has gotta come down.

Good luck, feel free to contact me here or at the shop if you need any connections/referall's/design/value engineering, it's what I do.

Cheers, mike

If that's the case then we're saying the same thing but calling it differently. In Georgia, a car title loan business is predatory and does not offer good interest rates. They aren't much different than payday loan places.

Good luck whatever you choose. I think I'd do what I could to hold on to the car since it's one of a kind and you like it.

https://www.myeecu.org/home/home

Done then! End of the story!


3% --- on a used car? Borrow as much as you possibly can.

yes. they start and 1.89% and go up to 8% depending on if its 1-7 years. Normal auto loan. I think I was asking the wrong thing when I said "title loan".

Randolph Brooks Federal Credit Union here in Texas does classic car loans for the same amount as a new car loan. Right now its 1.9% if you have good credit.
I have taken many loans out with them to buy classic cars in the past.
And Yes I have given them a title of a classic I had for an agreed amount and the interest rate was the same as a new car loan, 1.65 at the time.

Yeah, I've heard of some charging upwards of 400% interest. No, that's not a typo....400%!!:drowninga: