Quote:
Originally Posted by Yellow_Festiva
Serious question... how is car finance handling these prices?
I would assume Redbook / Glass Guide will say something very very different for the value of that ute?
Just checked Redbook.
* New - just under $41k
* Private Price Guide $35,100 - $38,600
* Trade In Price Guide $29,400 - $32,900
Looking at those values on what is now a 5 year old car it seems they have already factored in some increase. Wonder what those values were 12 months ago?
Would the finance company ask the buyer to stump up $25-30k to bring the price down to what is more financially viable for them??
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Most financiers will only finance up to 120% of the market value of the car so yes it would be believable that they would be making it hard for some people.
But anyone who wants to buy an FG Xr6 Turbo ute for 60k would not really want to be financing such a purchase surely?