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Old 09-26-2014, 11:46 AM   #1
lstanford
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

This would fall under the heading of a personal unsecured loan unless you pledge real estate or some other asset. You better have a credit score in the high 700 or 800 range. You will probably not like the interest rate. Prior to the 2008 credit crisis anyone could finance a dream.
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Old 09-26-2014, 12:29 PM   #2
Jeff Teuton
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

We have financed race cars since the late 60's. Just need the right conditions and persons. Not complicated.
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Old 09-26-2014, 04:16 PM   #3
Sam M
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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Originally Posted by FECARMAN View Post
This would fall under the heading of a personal unsecured loan unless you pledge real estate or some other asset. You better have a credit score in the high 700 or 800 range. You will probably not like the interest rate. Prior to the 2008 credit crisis anyone could finance a dream.
2.4 % on a Personal Credit Line Loan
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Old 09-26-2014, 05:49 PM   #4
Mike Gray
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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2.4 % on a Personal Credit Line Loan
Oh man, I can see the conversation now. "Honey would you mind signing on this line of credit I need"? WHAM! That would be the last thing out of my mouth before I woke up in the hospital. LOL
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Old 09-26-2014, 06:32 PM   #5
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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Originally Posted by Mike Gray View Post
Oh man, I can see the conversation now. "Honey would you mind signing on this line of credit I need"? WHAM! That would be the last thing out of my mouth before I woke up in the hospital. LOL
Well Mike, first I would need to find one with that good of a credit rating
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Old 09-26-2014, 06:54 PM   #6
Mike Gray
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

maybe if it was painted pink and I let her drive.....
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Old 09-26-2014, 07:06 PM   #7
Frank Castros
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

The last time I walked around the sportsman pits, I was humbled, and the thread regarding open trailers and 1/2 ton pick ups makes great sense to me.

If I would ever to race again it would be a one day event, not a three day divisional, and never a NHRA national, other than Indy.
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Old 09-27-2014, 09:55 AM   #8
ken robinson
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

The part about no vin # the car must come with some paper work ? The interrest rates and the insurance payments intil its payed off , are greater than biulting a clone Tony . Its just a time vs money thing . See you at the track .
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Old 09-27-2014, 11:40 AM   #9
Harry 6674
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

Anyone that willing pays that much for a stocker should have Togo through a mental health evaluation before a loan is approved.
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