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about recond car, bank will not loan on how many years old car? more than 10/12/..yr?
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<blockquote data-quote="dave2020" data-source="post: 6963" data-attributes="member: 4208"><p>hi guysi heard recond car is very hard to sell especially when it's over 10 years ?i see some E39 recond and reg on 2000, and hardly can sell out , is this due to it's nearly 10 years and most bank wont loan for it ? or the loan amount is 50% & lesser ?or can someone tell me until how many years a car (let's take a recond E39 1997/2000 uk spec for example, after next 3 years then it will become 12y/o already) and at that time if i sell, do u think bank will loan for this recond car? if do, how many % max ?and what about same model & spec's CKD(local) car? will bank loan more years & more % for a CKD car even it's already 12 years old?plz advise..thanksDave</p></blockquote><p></p>
[QUOTE="dave2020, post: 6963, member: 4208"] hi guysi heard recond car is very hard to sell especially when it's over 10 years ?i see some E39 recond and reg on 2000, and hardly can sell out , is this due to it's nearly 10 years and most bank wont loan for it ? or the loan amount is 50% & lesser ?or can someone tell me until how many years a car (let's take a recond E39 1997/2000 uk spec for example, after next 3 years then it will become 12y/o already) and at that time if i sell, do u think bank will loan for this recond car? if do, how many % max ?and what about same model & spec's CKD(local) car? will bank loan more years & more % for a CKD car even it's already 12 years old?plz advise..thanksDave [/QUOTE]
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