Need help subprime financing

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Jun 17, 2010 | 06:01 PM

#11

08FLSTF

Intermediate

Joined: Jun 2010

Posts: 25

Likes: 0

From: New Bedford

Ugh !!!!!!!

Last edited by 08FLSTF; Jun 17, 2010 at 06:20 PM.

Jun 17, 2010 | 07:32 PM

#12

lh4x4

Extreme HDF Member

Joined: Dec 2007

Posts: 13,402

Likes: 941

From: Illinois

Don't buy something that you can't afford. You will just lose it and sink you credit rating further. Start a bank/credit union savings account. When you have the amount you need go get it. If you can make the loan payment you have the same capacity to pay your savings account the same amount.

Jun 17, 2010 | 08:24 PM

#13

icewater103

Road Captain

Joined: Oct 2009

Posts: 593

Likes: 0

From: Linden, Virginia

Quote:

Originally Posted by will2002

Years ago, the local Dealership used Green Tree Finacial Services for a lot of sales . I don't even know if they are still in business or what they do though........... Just a thought.

I know those guys they financed my mobile home way back when I was in the service and just starting out, didn't have a pot to **** in or a window to throw it out of. Lots of good memories though.

Jun 17, 2010 | 08:55 PM

#14

jason628

Road Warrior

Joined: May 2008

Posts: 1,774

Likes: 3

From: Chattanooga, TN

Greetings,

Good luck finding a subprime lender. Unlike a car that is easily repo'd, a lender knows the risks are higher and they'll never receive the collaterial if the loan goes into default. I am not aware of any out there anymore.

Jun 17, 2010 | 09:06 PM

#15

oct1949

Club Member

Joined: May 2007

Posts: 145,895

Likes: 821

From: 40 miles Northeast of Indy..

Subprime lender,Ha, I am still looking for a above prime place to put my CD's...

Jun 17, 2010 | 09:07 PM

#16

JayStronghawk

Ultimate HDF Member

Joined: Dec 2007

Posts: 9,254

Likes: 283

From: Lake City, Florida (Native)

Don't know about Sub Prime but Gainesville HD uses Campus Credit Union ( U of FL ) They give a fairly good rate not sure of the percentage but several using have told me was fair ..

Jun 18, 2010 | 10:19 AM

#17

cardsrule2

Thread Starter

6th Gear

Joined: Jun 2010

Posts: 13

Likes: 0

Thank you Will and Icewater. I tried looking Greentree up and the only info I could find was on a mortgage company.

@lh4x4, I am looking for help for my customers and not myself

Jun 18, 2010 | 10:44 AM

#18

Jags93

Road Master

Joined: May 2009

Posts: 1,244

Likes: 3

From: Stamford, CT

Sub-Prime lending on motorcycles is no longer a good business.

In fact.. it never was good business...As stated above much harder to retrieve the collateral.

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Jun 18, 2010 | 12:02 PM

#19

jeff.georgalas

Outstanding HDF Member

Joined: Apr 2009

Posts: 2,523

Likes: 3

From: Illinois

The man is not looking for advice, he's looking for finance companies to help his dealership sell more motorcycles. Are you guys missing something or what???

Jun 18, 2010 | 12:14 PM

#20

Doc Marc

1st Gear

Joined: Aug 2008

Posts: 5

Likes: 0

Sub Prime lender

...consider contacting Santander Consumer (A Spanish Bank - 7 -8 largest in the world)... they're aggressively trying to play in the US market...

santanderconsumerusa.com

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