Financing an Import

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Fri 12 Dec 2008 19:27
Financing an Import - devonjem
Hi - I am selling my car which I imported. Several potential buyers have said they want to buy it through a finance company, but the finance companies concerned will not finance an import.

Does anyone know a finance company that finances imported cars?

tks
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Fri 12 Dec 2008 19:50
Financing an Import - DavidHM
Any bank will via a personal loan, surely?

I'm sure there are some "kneecap finance" type companies that will value the loan based on the car but either that's a line some people are using to knock the price down or all your potential buyers don't have much of a credit rating to start with. Perhaps they're only using that line so they can look like serious buyers when actually all they want to do is test drive.
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Fri 12 Dec 2008 20:06
Financing an Import - devonjem
Thanks for the reply. Both potential buyers said this without raising the test drive issue, and one said he wanted to finance the car through his business - so in his case the personal loan route was not an option.

So yes, maybe its a credit rating issue for these buyers, or maybe they are just coming up with excuses not to buy. I am not too bothered by it all, but if there exists a well known finance company that finances imports then it would be good to know so I can pass on the info to any buyer who intends to finance.
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Fri 12 Dec 2008 21:29
Financing an Import - rtj70
If selling privately the buyer would either get a secure (on house) or unsecured loan for the money. The import surely is irrelevant. Sounds like someone who cannot raise the money. Hang on for someone who can.
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