In general, 100K cars are odd beasts to finance to begin with.
Lets be honest they are not a Ford Focus.
They are not the car you have to have to do your daily life.
Banks are going to be very cautious when looking at someone's credit and issuing a line for one.
In most cases they expect you to have an Excellent credit report and in many cases an awesome down payment.
There are rarely "rebates," and no one offers 0% financing.
But that really depends on the vehicle:
I think if you were buying a midlevel AUDI A8- there would be conventional financing available through AUDI or the banks that specialise in high amount cars.
A Ford GT- you are going to be expected to have a significant amount down.
Maybach- I don't think they finance them.other then through specialised finance companies.
So it really depends on the dream car you are buying and how functional it is.
US BANK is probably not going to risk financing a Lamborghini for just everyone.
Yes an expensive vehicle has such a value, but a lot of banks do not want to have 200K sunk into a vehicle, and then worry about trying to recoup it if you default, and to be honest if you default you probably do not have the ability to pay back the loss on it.
What kinda car you looking at?
Message Edited by usmc58555 on 08-26-2009 07:07 AM
