Date:         Fri, 19 Dec 2003 21:53:37 -0600
Reply-To:     John Rodgers <jh_rodgers@BELLSOUTH.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         John Rodgers <jh_rodgers@BELLSOUTH.NET>
Subject:      (NVC) Vehicle Financing
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

I mentioned this a while back, got some good responses, need some more
input.

I've a buddy who is trying to buy a spotless 2000 Silverado 4X4 King Cab
pickup. 106,000 miles. Kelly Bluebook and NADA are within $300 of each
other - retail value approx. $17,500 Purchase is from a private
individual. Buddy has $11, 500 into the truck, needs to finance $6000.

Problem:
He can't get anyone to finance it. He has tried everywhere.Even the
conventional finance companies.  Part of the problem is his credit
history.........he has none. He's good pay, but has always been a cash
on the barrel kind of guy. Always on time with the rent, etc, He has a
checking account, he has a good paying job, he has good references
(house lease and all that sort of stuff), etc., but still no one will
touch him.

Reasons  always given for the turndown. 1) He has no credit history. 2)
the truck has over 55,000 miles,
3) Truck is three years old.

He seems trapped in a bureacrattic fog or limbo.

Anybody got any suggestions??

Regards,

John Rodgers
88 GL Driver