6door74 wrote:
skipro3 wrote:
I agree with Gordon; DMV problems abound. Stuff like it's not his to sell, it's his grandfather's for example, who passed away.
The ONLY way I buy a used car any more from a private party is at the DMV. We both go in, we transfer everything and I hand over the cash money. The only exception to that was when I bought a car out of Nevada. I live in California. We still went to the DMV where I had the clerk provide me a receipt for the bill of sale, showing the seller was the legal owner and that the car was titled, registered and temporarily in my name and that I could drive it to California. All it takes is getting pulled over on your way home in a car not belonging to you to drive home this point.
But I gotta make an observation here;
If you can't drum up $6,000 in cash and your bank can't trust you with a personal loan without verifying the collateral of what you are spending it on, then you probably shouldn't be buying an RV in the first place.
Most likely if I were the seller, I wouldn't have taken your check either. And if I had a cash-in-hand buyer, I would have gone that route as well. As a seller, makes no difference to me if you drove 10 miles or 1000 miles. I'm not releasing said vehicle without cash and without a sales receipt exonerating me from any liability of that vehicle once it's driven away. DMV will make sure any accident the buyer becomes involved in isn't my responsibility in any way by doing the paperwork at the time of sale.
How does the OP borrowing $6,000 to make his purchase make them any less deserving than someone financing a new trailer without a large down payment(or any at all)? Also, what control do they have over the bank and it's lending policy?
If a person can't secure $6,000 without a loan, a paltry sum for anyone wanting an RV, and then can't secure the loan in cash through a simple signature, but instead must jump through hoops as to what and why they want the money, then they probably have other credit related issues.
About the only thing my credit union needs to loan $6K is membership in good standing, your signature and MAYBE an automatic payment set-up through your pay check. (unlikely but maybe)
