EMan 928

I thought I had mine sold, and was ready to make you an offer, Jim. Hoping to still make something work here.

RyanPerrella

I think its more of a case of not having 35K cash laying around. You cannot finance these cars, they are too old.

Or can you?

RKD in OKC

Yes you can finance older cars. There are several companies into the collector car market and realize you just gotta have it before someone else snaps it up.

Giovanni

Actually a lot of banks will finance a car more than 7 years old as long as its below a certain LTV. But you need to have LONG and EXCELLENT credit score and history and enough DTI.

RyanPerrella

Really?

even on private party sales? I know dealerships can help with this but most of the good ones dont come from dealers.

LTV? DTI?

Rob Edwards

(Car's) loan to value, (lendee's) debt to income- measures of how far the lender is sticking their neck out on the loan.

RyanPerrella

thanks Rob

I love your Clarkson quote too BTW

Sorry Jim, hey it is a bump after all though right?

pcar928fan

I financed 100% of the cost of Blue82!!! Now the best they could do for me (with the folks I worked with) was a 3 year note, but that was more than enough for my needs!

Giovanni

LTV is loan to value. Usually banks will do anything between 70-100% on the value of the car. DTI is debt to income ratio (these days in this economy and layoffs etc it should be Death to Income ratio, lol). That is the percentage of your gross income that goes toward paying debt. Banks usually go between 27 to 43%. Lower % = the better but there are a few exceptions of course.

Jim Morton

Thanks for all the nice reviews and comments. Hopefully someone will get a nice holiday bonus and grab this beauty.

I'd love to keep this car along with project GTS, but I only have so much garage / shop space... and I am out of buildable space on my property. :^)

Dave928S

Chuck
There were dire predictions of a crash here too ... but scaring the masses and the Government throwing money at everyone has somehow kept the economy going, contrary to the world trend. Lots of people, me included, saw our investments take a dive, but they've close to recovered now to pre disaster levels. The reserve bank raised interest rates for the last three quarters to stop the economy overheating . Just look at the $AU and you'll see we're close to parity with $US.
Back on topic ... several GTS's have sold here recently and depending on circumstances and condition I think went for about $45K which was regarded as a bargain, and another one for around $60K. Jims wheels ... wow .. they look brilliant .. so does the rest of it
Best of luck with your sale Jim. It deserves to go to a good home .. at a good price for you.

Charley B

What would shipping costs to Australia be?

Dave928S

I don't know .. but Xlot who posts here (maybe he'll chime in) would know as he's imported one recently from UK or Hong Kong???
Two problems here .. we have the steering wheel on the correct side .. and we have a rule that doesn't allow importation of cars younger than ?? years old without paying massive duties and taxes (idiotic rule to supposedly protect our Australian auto manufacturing industry). Another option to avoid killer duties on a more recent car, is to live in a Country and own a vehicle for a certain number of years, then bring it in when you return to Australia as a personal import. I think I got all that close to right.

mickster

Hi folks, this is my first posting.

I am actually slowly shopping for a 928. Looking primarily at 1986, 1991 and 1993-5.

Anyway, I can tell you first hand that you can get financing for one of these (especially this model) in the U.S.

As others have said, if you have good credit, a good debt to income (dti) and if the car meets NADA or other "book values" then many banks and, especially, credit unions, will finance. I happen to belong to 2 credit unions, 1 military related (via my late father-although almost anyone can join) and 1 via work.

If you can't meet those requirements (unfortunately this vehicle comes in above book value-although it is in EXTRAORDINARY condition from what I've read and from the pictures), you can always go through a company that specializes in class car financing. I do know one is just under 10% APR for 60 months with 10% down. You are looking at a big nut per month (on top of insurance-required-and on top of maintenance) but if you know you can afford it for 5 years, go for it!!

Good luck!

Michael

pcar928fan

Michael,

Welcome to the group! You are looking for a VERY WIDE array of cars there my man! Rarely do you find ANYONE cross shopping an '86 S, '91 S4 (or GT if 5spd) and GTS's ('93-'95)! Those vary so wildly in purchase cost that almost no one looking at 86's can afford an S4 (that is why, in general, they are looking at '86's) and of course GTS's are the cream of the crop and you pay EXTRA for that, normally 2X a '91 cost for that!

Good luck in your search! There are some GREAT cars for sale from some awesome enthusiasts right here on this forum! Maybe one of them will work out for you!