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Open Roads Forum  >  Class A Motorhomes

 > Take over payments

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L2C

Placentia ca

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Posted: 04/04/12 04:45pm Link  |  Print  |  Notify Moderator

Looking to buy but can't qualify for a loan

donn0128

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Posted: 04/04/12 05:21pm Link  |  Print  |  Notify Moderator

Then maybe you should not be considering buying. Unless you can qualify which it sounds like you can't you should not consider going further in debt for a depreciating asset.


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lryrob9301

Maryland

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Posted: 04/04/12 05:25pm Link  |  Print  |  Notify Moderator

You won't qualify for a " Take Over " either. The first thing the lein holder will do is qualify your credit status. If you can't qualify for a loan they won't approve you no matter what.


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L2C

Placentia ca

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Posted: 04/04/12 05:32pm Link  |  Print  |  Notify Moderator

There is a rental place by my house that offers the take over payments. That's why I'm asking. If not, I will buy a used one. I have no debt but had a bk a few years back that's why

judelaurenzo25g

Downey, CA

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Posted: 04/04/12 05:45pm Link  |  Print  |  Notify Moderator

Have you tried to qualify? My credit is not the best and I qualified, we had to go back and forth with the lender a few times but they got it done.

L2C

Placentia ca

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Posted: 04/04/12 06:36pm Link  |  Print  |  Notify Moderator

Dealers didn't even want to try. They said with a bk they won't do it

Weathertodd221

FL

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Posted: 04/04/12 07:29pm Link  |  Print  |  Notify Moderator

L2C wrote:

There is a rental place by my house that offers the take over payments. That's why I'm asking. If not, I will buy a used one. I have no debt but had a bk a few years back that's why


there is no such thing as "take over" payments. Its a cheap suit used car sales tactic.

wny_pat

Western NYS

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Posted: 04/04/12 08:56pm Link  |  Print  |  Notify Moderator

L2C wrote:

Dealers didn't even want to try. They said with a bk they won't do it
I'm very sure that they would take the banks money. Something wrong if they will not.

jvander

Indianapolis

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Posted: 04/05/12 11:17am Link  |  Print  |  Notify Moderator

donn0128 wrote:

Then maybe you should not be considering buying. Unless you can qualify which it sounds like you can't you should not consider going further in debt for a depreciating asset.

X2


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Looking for a better rig...


Gappy

NE Indiana

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Posted: 04/05/12 02:19pm Link  |  Print  |  Notify Moderator

jvander wrote:

donn0128 wrote:

Then maybe you should not be considering buying. Unless you can qualify which it sounds like you can't you should not consider going further in debt for a depreciating asset.

X2


X3....if you can't do it extremely comfortably (i prefer cash) dont do it all.
This is what I have always lived by and has served me well my whole adult life since my first paper route in 1970.


Tom

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