Quote:
Originally Posted by Elephanthead
Banks don't loan money on cars older then 5 years anyway, at least nothing that cheap. It was a scam, feel lucky you didn't waste any more time.
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Really. Then I wonder why the title for the 1948 GMC my dad bought showed that the previous owner had a lien on it? He was a farmer. He only owned the truck since 1991. They do weird stuff as far as banks and financing go. I am sure he did this to depreciate it on his taxes, as he told me dad he only gave $1500 for it. Be careful with blanket generalizations. I will agree that in most cases,banks do not loan money on older vehicles, but there are exceptions.