Team-BHP - View Single Post - ARTICLE: Resale Value

madhav · 7th May 2007, 21:14

I sold my 2.5 yr old Scorpio recently and got a very good deal on it. When I went to the finance company to close my loan they told me that they are very happy funding vehicles with better resale value. The better the resale, the higher funding you get from the finance companies. It turns out that most of these cars loans never have closure problem as the sale would (in most cases) take care of the outstanding loan amount though the book value would have come down heavily.

7th May 2007, 21:14	#22 (permalink)
madhav BHPian Join Date: Aug 2005 Location: Bangalore Posts: 178	I sold my 2.5 yr old Scorpio recently and got a very good deal on it. When I went to the finance company to close my loan they told me that they are very happy funding vehicles with better resale value. The better the resale, the higher funding you get from the finance companies. It turns out that most of these cars loans never have closure problem as the sale would (in most cases) take care of the outstanding loan amount though the book value would have come down heavily.