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 Financing a Turnkey
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karmavore

USA
40 Posts
Posted - May 28 2002 :  10:18:35 PM  Show Profile  Reply with Quote
I'm really new to this, but I'm curious (and if this is an often-asked newbie question, I apologize) but are there ways (banks) that will finance a Turnkey (let's say one of SPECIALTY PAINT & CUSTOM'S Lambos) as if it were a new car?

I don't currently own a home, so the equity route is out, credit cards are insane, and personal loans don't offer much cash.

One the plus side, my credit is great. :)

I've seen JJ Best Banc & CO's site, are they any good?
https://www.jjbest.com/

Thanks so much!!

Luke.

shaddoe


113 Posts
Posted - May 28 2002 :  10:58:58 PM  Show Profile  Reply with Quote
In my experience I haven't seen banks loan for cars that aren't built yet. We only build per our customers orders so we don't stock cars. I believe that North American has finished cars for sale, this would probably be your best bet in trying to get a loan.

www.exoticglass1.comGo to Top of Page

karmavore

USA
40 Posts
Posted - May 29 2002 :  10:04:19 AM  Show Profile  Reply with Quote
quote:

In my experience I haven't seen banks loan for cars that aren't built yet. We only build per our customers orders so we don't stock cars. I believe that North American has finished cars for sale, this would probably be your best bet in trying to get a loan.
www.exoticglass1.com

Do you guys have relationships with banks? I really admire your work and I'd like to discuss your building a kit for me. Plus you're not too far away (I'm in Atlanta).

Thanks man,

Luke.

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shaddoe


113 Posts
Posted - May 29 2002 :  6:45:43 PM  Show Profile  Reply with Quote
We haven't had to deal with any banks before but I've always heard from people that the banks won't lend for a car that isn't built yet.

www.exoticglass1.comGo to Top of Page

karmavore

USA
40 Posts
Posted - May 30 2002 :  09:25:58 AM  Show Profile  Reply with Quote
Any ideas anyone?

I'd even be willing to fund the build if I knew I could get a loan on completion.

Luke.

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Hawktel


38 Posts
Posted - June 15 2002 :  02:23:42 AM  Show Profile  Reply with Quote
Acte Corps has a interesting Idea of having a Lay Away plan for cars. While it sounds doofy, I think it would work for alot of people. I think you have 24 months to pay for the rid. Work begins when you reach the 6 month mark, and all due before finishing the ride.

I can't see anything that hurts the car company here. Dump the money into a savings account, and make a little on the interest while they finish getting you the money. Only the consumer could be hurt. Have to deal with a reputable company to avoid them splitting with the money for your ride before delivery.

Ed Hawktel

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djehrlinger

USA
40 Posts
Posted - July 25 2002 :  8:35:32 PM  Show Profile  Reply with Quote
Do you happen to know what the URL and/or e-mail address is for ACTE Corp? I am also interested in looking into this "lay-a-way" program.

Thanks for the help.

Dave

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