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.
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
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.
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.
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.
You had to borrow money for a Vulcan?
Dad, she's married!
Annony; Yes. What's your point?
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