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

60,065

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.

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