Hi dont't know if this is the correct place to post this question but here it goes.
I am looking at buying a Evo 8 now i don't have 14k or huge amount of cash just laying around (I have 2k : ( ) so i want to finance. Now the biggest problem i been getting is dealerships only want to do cash deals and not do any financing they told me "Banks will not approve a loan for a car that's more than 10 years old" makes alot of sense to me i guess . I have good credit and i have a good job and i know can save some money to buy an Evo cash but that would take awhile plus personal loans from banks are like 10%-15% that's alot.
That being said i heard of guys selling off there Evos for what they owe the banks I guess a person just takes over the payments? Is this possible? How would this work?
Is there any cons to this? If you guys can share your experiences or knowledge in this filed that would be great. Thanks.
BY the way i been wanting an Evo 8 sense 2010 when i first rode in one. School and helping my parents on there mortgage got in the way. I feel I deserve an Evo now.