Posted by Jim_NC on October 11, 1998 at 21:14:22:
I don’t see why you couldn’t just borrow some money against the car. Depending on your credit a bank will loan you NADA loan value or maybe even retail. Just borrow the money and and buy the note with cash.
Hope this helps.
Can I Use A Car To Create A Note? - Posted by TomC(CO)
Posted by TomC(CO) on October 11, 1998 at 20:14:57:
Have auto worth $20,000 and clean title. Can I
use this to get a loan with a bank and then buy
a note?
Where do I buy the note? Can I use the note with
a bank to buy real estate,and if not with a bank,
how or who?
Great site,
Thanks a lot Tom
Re: Can I Use A Car To Create A Note? - Posted by Rob FL
Posted by Rob FL on October 11, 1998 at 21:42:12:
Most used car loans charge 11-18% interest and max at about 5 years. I hope you can find a note with a yield high enough to make a reasonable profit.