Comments on: Why does the blue book and bank loan prices differ on car loans? http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html Tue, 10 Apr 2012 00:46:52 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kaylee B http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html/comment-page-1#comment-4413 Kaylee B Sun, 07 Mar 2010 14:40:37 +0000 http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html#comment-4413 they are protecting themselves - if they need to repossess the car because you don't pay the loan, they want to sell it quickly to a wholesale buyer, which yields them less money than a retail sale would. I've had good luck here... http://auto.deal4-you.com Best wishes they are protecting themselves – if they need to repossess the car because you don’t pay the loan, they want to sell it quickly to a wholesale buyer, which yields them less money than a retail sale would.

I’ve had good luck here…

http://auto.deal4-you.com

Best wishes

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]]> By: tank471984 http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html/comment-page-1#comment-4414 tank471984 Sun, 07 Mar 2010 14:40:37 +0000 http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html#comment-4414 There are three different ways to price a car: Personal sale value, trade in value, and auction value. For a private sale or buying off the lot, you can expect to pay the $5500 - $6300, but the bank will only finance you for what the auction value is estimated at, that way, they know that if you default, they can repo and auction to get their money back in full. Hope this helps! There are three different ways to price a car: Personal sale value, trade in value, and auction value.

For a private sale or buying off the lot, you can expect to pay the $5500 – $6300, but the bank will only finance you for what the auction value is estimated at, that way, they know that if you default, they can repo and auction to get their money back in full.

Hope this helps!

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]]> By: OC1999 http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html/comment-page-1#comment-4415 OC1999 Sun, 07 Mar 2010 14:40:37 +0000 http://autocarloansnow.com/why-does-the-blue-book-and-bank-loan-prices-differ-on-car-loans.html#comment-4415 It is not really the value of the car that is the reason. Unless you have excellent credit a bank will not provide 100% financing especially on a used car. They will generally require you to put a 10-30% down payment. On a $4800 car that is about $480 to about $1440, they are asking about $1300 down which is between 25%-30%. It is not really the value of the car that is the reason. Unless you have excellent credit a bank will not provide 100% financing especially on a used car. They will generally require you to put a 10-30% down payment.

On a $4800 car that is about $480 to about $1440, they are asking about $1300 down which is between 25%-30%.

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