@HoldingOntoHope wrote:
It means they will not loan more than the book value on the vehicle. If your taxes, title, etc. put the loan above book value you need cash for the difference. The other line means we will limit the length of the loan based on how much you borrow. For example a loan of less than %10,00 may be limited to no more than 48 months. At $10,001 or more we will extend the loan to 60 months. Note these are just examples and not meant as Penfeds actual terms. If you drill down a little farther in their FAQ's on the website you can probably find the real numbers.
Now I understand. Thanks!!
Your credit score
849
Source: Equifax Date: April 29, 2015
