Dipshidz - Page 3

Gas Man · 03-23-2010, 12:38 AM

WOW... 42 and he don't even know how banking works. WOW

I think I would have pulled my gun and told him... you have 3 seconds to leave on your own power... if not somebody will have to carry you.

MILK · 03-23-2010, 02:38 PM

Quote:

Originally Posted by Gas Man

WOW... 42 and he don't even know how banking works. WOW

.

Sadly there are WAAAYYY more of these running around than you think.. I should know, I married one. Mentally stuck somewhere around 12..

Gas Man · 03-23-2010, 09:51 PM

Quote:

Originally Posted by MILK

Sadly there are WAAAYYY more of these running around than you think.. I should know, I married one. Mentally stuck somewhere around 12..

Explain yourself or else.

Papa_Complex · 03-22-2010, 11:20 PM

Remember all of those drunk/stoned sluts from back in college? They, too, have children.

ontwo · 03-23-2010, 11:16 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, 11:21 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.

ontwo · 03-23-2010, 12:15 PM

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.

Tmall · 03-23-2010, 11:30 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..

Rider · 03-23-2010, 11:45 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, 12:10 PM

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%.

03-23-2010, 12:38 AM	#1
Gas Man Trip's Assistant Join Date: Feb 2008 Location: Imported from Detroit Moto: 2009 HD Street Classic Posts: 12,149	WOW... 42 and he don't even know how banking works. WOW I think I would have pulled my gun and told him... you have 3 seconds to leave on your own power... if not somebody will have to carry you. __________________ -Chris "Why pay somebody else to fuck up your bike?" Run Amsoil Product

03-22-2010, 11:20 PM	#4
Papa_Complex Nomadic Tribesman Join Date: Nov 2008 Location: Brampton, Canada Moto: '09 ER-6n Posts: 11,150	Remember all of those drunk/stoned sluts from back in college? They, too, have children. __________________ "Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/

03-23-2010, 11:16 AM	#5
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. __________________

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03-23-2010, 11:30 AM	#8
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..