Thursday, September 25, 2008

VW Tightens It Up

Next time you be-bop over to the VW dealer, be prepared.

Finance terms are getting tighter. Trade-in values are leaner, lease terms include less residuals--

Kinda what you'd expect when things are tight.

5 comments:

Billiam said...

I went by my bank today to make a deposit. I was in the drive through on my Vulcan, that, consequently, my bank loaned me the money to buy. The loan officer waited on me. We chatted a bit, and then she said something that surprised me. She told me to stop on in if I was looking to buy a new bike! I said, in this economy, you'd make a loan for that? Yes, for me. Apparently, I've re-built my credit.

apc said...

I read an interesting article the other day about the smaller banks that are actually doing fairly well in all this mess, because of their reliance on the old-fashioned method of relying on deposits for their capitalization, rather than having all their assets tied up in questionable deals. I'm certainly no economist, but it sure made sense to me. Maybe yours is one of those "old-fashioned" banks.

Dad29 said...

Billiam, she thinks you're a hottie.

APC: the small banks which are doing OK are making local loans and yes, not using "hot money" to support them.

Anonymous said...

You had to borrow money for a Vulcan?

Billiam said...

Dad, she's married!

Annony; Yes. What's your point?