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  #81  
Old 08-14-2009, 02:52 PM
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I agree Flash.
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  #82  
Old 08-14-2009, 03:07 PM
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I'd bet the banks appraisals are very conservative right now. Keep in mind that an independent appraisal may be different than the bank idea of value. Money is tighter and that is a custom car.
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  #83  
Old 08-14-2009, 03:12 PM
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I just went through this process with JJ Best about 4 months ago. They no longer do cash-out refi's (understandably!) but they are still doing purchases as long as appraisals come in. And the appraisal is not what I would be concerned with. Hopefully this guy has SOME cash to put down...
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  #84  
Old 08-14-2009, 03:54 PM
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Yeah, no money, no car.
They want you to put some cash down on the car.
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  #85  
Old 08-14-2009, 04:20 PM
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Quote:
Originally Posted by tones2SS View Post
Yeah, no money, no car.
They want you to put some cash down on the car.
Like I used to tell my kids when they were still in high school.... "No B's - No Keys"



People with no real down payments - like 25 or 40%... are going to find it tough to finance. My buddies (3 dealers) have all told me that has been a real problem for them - they get a car sold - and can't finance the guy. You've got to have gold plated credit - and real money up front.
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  #86  
Old 08-14-2009, 05:08 PM
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Default no deal!!

Found out later today that we can not make the deal work. The high bidder does not have enough money to put down to get the financing period. I have contacted the second highest bidder (from California), which he had an appraiser come to my home. The appraiser was very impressed with the car, but did relay everything to the buyer that did not look right. The appraiser did not like the fiberglass hood fitment (all fiberglass hood bow), 3 gauges did not work (fuel gauges not hooked up because of fuel cell, car used to have a powerglide in car so trans temp gauge did not work because car has 5 speed, and speedo needs to have 2 wires run to make work), and one little spot on top of the car which was not preped right ($200.00 fix and you can hardly see it). This buyer is still interested but wants to see the finally appraisal on the car and he is going to make his final decision. This guy wants to make this car super nice. He is wanting to install a Detroit Speed subframe, undercoat the bottom, smooth the firewall, put a polished stainless exhaust on the car, put in new leather seats, install a stainless fuel tank, and so on. The guy currently has a 2009 Lambo roadster that he paid $440,000.00 for. He says he has very nice toys.
I am going to send out a couple of second chance offers to people that did bid on the car and hope something works out. But I am not going to give this car away. You guys know just as well as me what it takes to make a car of this caliber.

Darin
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  #87  
Old 08-14-2009, 05:37 PM
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Quote:
Originally Posted by prototyperacing28 View Post
Found out later today that we can not make the deal work. The high bidder does not have enough money to put down to get the financing period. I have contacted the second highest bidder (from California), which he had an appraiser come to my home. The appraiser was very impressed with the car, but did relay everything to the buyer that did not look right. The appraiser did not like the fiberglass hood fitment (all fiberglass hood bow), 3 gauges did not work (fuel gauges not hooked up because of fuel cell, car used to have a powerglide in car so trans temp gauge did not work because car has 5 speed, and speedo needs to have 2 wires run to make work), and one little spot on top of the car which was not preped right ($200.00 fix and you can hardly see it). This buyer is still interested but wants to see the finally appraisal on the car and he is going to make his final decision. This guy wants to make this car super nice. He is wanting to install a Detroit Speed subframe, undercoat the bottom, smooth the firewall, put a polished stainless exhaust on the car, put in new leather seats, install a stainless fuel tank, and so on. The guy currently has a 2009 Lambo roadster that he paid $440,000.00 for. He says he has very nice toys.
I am going to send out a couple of second chance offers to people that did bid on the car and hope something works out. But I am not going to give this car away. You guys know just as well as me what it takes to make a car of this caliber.

Darin
WOW. If the dude is seriously interested, he should just buy it. Obviously he has the cash to make it good as new. That is a good looking/sounding car for the money. Good luck Darin.
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  #88  
Old 08-14-2009, 05:49 PM
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Quote:
Originally Posted by prototyperacing28 View Post
Found out later today that we can not make the deal work. The high bidder does not have enough money to put down to get the financing period. I have contacted the second highest bidder (from California), which he had an appraiser come to my home. The appraiser was very impressed with the car, but did relay everything to the buyer that did not look right. The appraiser did not like the fiberglass hood fitment (all fiberglass hood bow), 3 gauges did not work (fuel gauges not hooked up because of fuel cell, car used to have a powerglide in car so trans temp gauge did not work because car has 5 speed, and speedo needs to have 2 wires run to make work), and one little spot on top of the car which was not preped right ($200.00 fix and you can hardly see it). This buyer is still interested but wants to see the finally appraisal on the car and he is going to make his final decision. This guy wants to make this car super nice. He is wanting to install a Detroit Speed subframe, undercoat the bottom, smooth the firewall, put a polished stainless exhaust on the car, put in new leather seats, install a stainless fuel tank, and so on. The guy currently has a 2009 Lambo roadster that he paid $440,000.00 for. He says he has very nice toys.
I am going to send out a couple of second chance offers to people that did bid on the car and hope something works out. But I am not going to give this car away. You guys know just as well as me what it takes to make a car of this caliber.

Darin
if it is a $200 fix can't you fix it? Hook the wires up, etc etc. $64,000 for a car is a lot of dough to have nickle and dime stuff not finished. Good luck with the sale. I love the color with the wheels

Last edited by Fluid Power; 08-14-2009 at 05:59 PM.
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  #89  
Old 08-14-2009, 06:50 PM
prototyperacing28 prototyperacing28 is offline
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Default 69 camaro

I do not mind spending the money to fix the problem that he is addressing, but then again he wants a $100,000 car for a $64,000 price. He is the type of guy that does not get dirty nor work on cars. You guys know where I am coming from. You are never done working on a older muscle car. There is always going to be something that you want to do, or something that needs to be done to the car. These older cars need constant attention.
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  #90  
Old 08-14-2009, 07:03 PM
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we use jj best some and they require real 10% down and 700 plus credit score
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