Thread: BDR financing
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Old 02-17-2004, 03:23 PM
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uncltodd uncltodd is offline
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Join Date: Mar 2003
Location: southeastern, OK
Cobra Make, Engine: BDR #139, Indigo blue, white stripes, KeithCraft 351W, 315 WHP, 17" Boyd Smoothies, dual roll bars, gunrack, assorted young females
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I have been looking into financing a BDR for months now...

My local loan officer (small town rural Oklahoma) considers it an "Exotic," and had to present it to his bank's board of directors. They didn't know quite what to make of it. It ain't a John Deere tractor! (which costs more than a BDR, BTW!)

My credit is a glacier, slow but unstoppable. They offered me 100 percent financing at 12.5 percent.

My response? double-bite me.

Fifty percent down on the loan? 9.5 percent.

Double-bite me again.

JJBest and PeopleFirst basically blew me off, I have big assets and little income. They can Pi$$ up a wet rope.

God has blessed me...

If I can ever get some seat time in our climate, I can cut Boudy a check for BDR #139.

My girl in college can get a second job, she can drive the BDR at her graduation next year. For about 15 minutes.

Insurance... a big consideration to me...

Farmers Insurance is good with a garaged pleasure car, less than 7,000 miles a year, drivers are only household members.

They especially like the "loss payee" being UT rather than a lender.

I'm sure I have been of no help at all.

I will probably continue that tradition.

UT
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