Finance

[jake20]

I would like some suggestions for a used HP purchase...which bank is the easiest to get a loan in your experience for high valued cars. I have excellent credit, never financed more than 50k and income is close to $2 million with 7% DTI. Financing at 5% or less would be ideal.

[Blown SRT]

With 2 million of annual income, that DTI or not - why would anyone in their right mind consider financing a few hundred k car purchase?

If you really had that, or anything remotely close to it, I suspect you'd be smarter than to ask that question on a public car forum, and that you'd know exactly where and how to get low rate financing.

Your whole post is laughable.

[Mkivbren]

I got 2.75 on a used H. Credit union.

[Kermit]

i must agree with Blown SRt...2 Million income and wanting to finance a second hand...doesn't make a lot of sense?

[Mkivbren]

Could be a pro athlete. Could have far more expensive hobbies like me. Several scenarios come to mind.

[cactus]

With 2 million of annual income, that DTI or not - why would anyone in their right mind consider financing a few hundred k car purchase?

If you really had that, or anything remotely close to it, I suspect you'd be smarter than to ask that question on a public car forum, and that you'd know exactly where and how to get low rate financing.

Your whole post is laughable.

Agreed. Likely some 15 y/o behind the keyboard trolling for a laugh.

[scott23]

I don't think toys like this should even be financed, but I can understand why some do.

[Blown SRT]

Could be a pro athlete. Could have far more expensive hobbies like me. Several scenarios come to mind.

Leveraging against cars is always a bad idea...

[Mkivbren]

Leveraging against cars is always a bad idea...

Not always. Glad I financed my supras many years ago. Both worth over 100k now and getting more elusive to find every day.

[Kratos]

Financing has situations where it makes sense, even to rich people. If you get 2-4% interest deals, it may be better to keep cash for investments.

Now in saying that, the OP is most likely a young person trying to pick the brains of people he perceives as rich, and in his eyes the best way to do that is to pretend he's rich too.