How do you determine the value a bank will finance on a used car

Asked by Dec 14, 2014 at 03:28 PM

Question type: Shopping & Pricing

2 Answers

64,365

Most do this buy black book,and loan 2/3 of it,depending on credit of borrower.

I was told they use the nada and kbb values.Also, some may use the regional values given by local dealers associations to price a vehicle. That's because vehicles rust out more in the northern states than in, Pa. or Va.

Your Answer

Add photo

Related Questions

  • Financing 4 answers

    Can this car be financed with a 3000 down payment

    2006 Hyundai Tiburon

    -

    Shopping & Pricing

  • how does financing used cars work? 1 answer

    we want to finance our used equinox, what do most car dealers do?

    Chevrolet

    -

    Shopping & Pricing

  • Financing 1 answer

    Do u finance?

    Shopping & Pricing

  • Financing 1 answer

    How does the financing work for the cars on your website?

    Shopping & Pricing

  • Financing 1 answer

    I see the cars then the add for financing if you get the financing where do you go to get the car with that financing

    2005 Mercedes-Benz SLK-Class SLK 350

    -

    General

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Shortcuts

Search Shopping & Pricing Questions

Shopping & Pricing Experts

#1 Tom Demyan
Tom Demyan
Reputation 15,070
#2 COMETGUY61
COMETGUY61
Reputation 5,440
#3 F_O_R
F_O_R
Reputation 5,040
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.