PDA

View Full Version : The Bank Appraised My Waggy

ThisGuyUKnow
02-28-2009, 04:22 PM
I called the bank today to learn about possibly consolidating some debt and was asked if I owned my vehicle that I could put up as collateral on such a loan. I laughed and said yes mam I own my vehicle outright but I don't think it will be useful. She convinced me to tell her anyhow and so I said "88 GW with 180k on the truck and about 30k on a engine rebuild" After a second she came back and said that she had put it in her system and it had come back and told her the value of the vehicle was "ninety-two hundred":eek: I asked her "mam are you sure you heard me right the truck is an 88' Jeep Grand Wagoneer, I love it to death but even I wouldnt pay that much for one." She assured me that this was the correct amount and so I didn't press the issue any further... Anyone else had this experience before? There is no way she put that in the system right is there?
fireman91186
02-28-2009, 04:25 PM
It must have been the Barrett Jackson system.
malodin
02-28-2009, 04:31 PM
they over inflate vehicles to get you approved. I did roughly the same thing only my credit union doesnt require an appraisal they say what is it worth? you say what ever you think its worth and they take it at face value, i imagine within reason
DerekTJeep
02-28-2009, 04:37 PM
Wow!! Which bank did you use??

I would love to do the same thing with my bikes. I've like 60+ bikes for sale. I would value them at like $6K.
ThisGuyUKnow
02-28-2009, 04:42 PM
It must have been the Barrett Jackson system.
that sounds about right. Can't say i am complaining about it
Dmntxn77
02-28-2009, 06:07 PM
Wow!! Which bank did you use??

I would love to do the same thing with my bikes. I've like 60+ bikes for sale. I would value them at like $6K.

You cant be serious...


Are you?
DerekTJeep
02-28-2009, 08:50 PM
It would be nice for someone to buy 60 bikes from me :)
ThisGuyUKnow
02-28-2009, 10:08 PM
what kind of bikes?
trailsforus
02-28-2009, 10:35 PM
haha right. I need me a mid 70 suzuki 2 smoker! t500 titan/gt500/gt550/gt750 (not 2 stroke but hey!) haha
847JeffL
03-01-2009, 07:08 AM
It would be nice for someone to buy 60 bikes from me :)

Leave them on Toughy overnight they'll be gone.
DerekTJeep
03-01-2009, 08:09 AM
Very funny!! All those bikes are like Schwinn, Fuji, Trek, Peugeot, etc. None with motor.
Long&Low
03-01-2009, 08:41 AM
Bankers like that give Bankers like me a bad name.....
Locked and Loaded
03-01-2009, 09:15 AM
So thats where the bank bailout money I "lent" them is going.
BarryL
03-01-2009, 11:30 AM
NADA classic cars evaluation: 1988 $9200. average retail value

http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1988&m=1357&d=8203&c=10&vi=100376&z=28078&da=-1