Auto Finance curiosity

Discussion in 'Credit Talk' started by Safyre, Nov 4, 2001.

  1. Safyre

    Safyre Well-Known Member

    Why won't some banks finance Hyundai's prior to 1997, Kia's or Daewoo's?

    Just curious
  2. sam

    sam Well-Known Member

    1. resale value too low, if you default on the loan they will Not recoup any $$.

    2. Also they tend to break alot, and statistically folks with dead cars tend to not pay their debt, See #1.

    Newer hyundai's are pretty decent, but old ones, piece of junk.

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