If you're pre-approved for a loan(USAA Bank); and the car you want to buy is priced at the high end of the nscale for year/model; will it affect you're pre-approved loan?

Asked by Oct 05, 2014 at 03:04 PM about the 1999 Mercedes-Benz CLK-Class CLK 320 Convertible

Question type: Shopping & Pricing

car is a 1999 Mercedes SLK 380 convertible that is absolutely mint but priced from one-owner source about $1000 above retail. New top; new Michelins. Paint wheels custom and better than new.

1 Answer

107,295

Yes I doubt you will get then to loan on the car you have listed, basically it is too old. Most every place that will do a car loan has what they call loan value and that is what they base how much they will loan on certain makes and models.

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