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Old 22-09-2019, 05:00 PM   #121
Rodp
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Join Date: Dec 2004
Posts: 5,670
Default Re: Vfacts august 2019

Having just bought a new car a few days ago, finance was ridiculous. Was out at Peter Warren and they're feeling the pain from new regulations on loans.

Wanted a 28k loan and the amount of info I had to provide was ridiculous. Speaking with
one of the business managers onsite, my credit rating was impeccable. Have a mortgage that I was well ahead of and an investment property that's paying for itself wasn't good enough. Still ended up being denied by 3 lenders, even the lender I was currently servicing a 60k loan. Said screw it and just paid cash.
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