Quote:
Originally Posted by patrickt
I don't want to throw gas on a fire or anything, but what kind of interest rates do lenders want on something like that? What sort of down payment do they like to see?
|
It is all over the map and comes down to the bank and how much we are willing to carry for them since most banks will not write the check until an appraisal. I don't know off hand what the actual rates are but I believe you can get about 8% or so with a 20 - 30% down payment.
We have recently been successful with a military bank, which is good news for any of our military customers. It helps that a BDR carries a legit MSO with 17 Digit VIN and is not sold in kit form.