MustangWorks.com : Ford Forums - View Single Post

Mr 5 0 · 03-09-2002, 01:55 PM

QUOTE

Originally posted by bobtodd

P.S...anyone ever had problems with the bank giving out 6-7 grand for a 89-93 5.0?

Most banks will only loan you about 70% of the retail value of the car you want to buy; i.e. a 1992 Mustang GT going for $6,500. may only get you a loan of $4500. You're expected to put up the rest. Sometimes a personal loan is better - if you can get it - which would depend on your credit.

03-09-2002, 01:55 PM	#4
Mr 5 0 Conservative Individualist Join Date: May 1997 Location: Wherever I need to be Posts: 7,487	Re: I need a stang!! QUOTE Originally posted by bobtodd P.S...anyone ever had problems with the bank giving out 6-7 grand for a 89-93 5.0? Most banks will only loan you about 70% of the retail value of the car you want to buy; i.e. a 1992 Mustang GT going for $6,500. may only get you a loan of $4500. You're expected to put up the rest. Sometimes a personal loan is better - if you can get it - which would depend on your credit.