Posted by John(NH) on December 30, 1998 at 17:14:34:
#1) Sounds like retail (98k FMV minus 6% commission is close to the 89,900 he’s asking. Also, he is probably thinking like a landlord and for $900/mo he’d be responsible for maintenance. On a L/O you’d be responsible for this so you want a lower monthly payment to compensate for the maintenance. If he won’t go lower on the price/payments I would pass.
#2)Retail again, but what do you need help on? If this guy will accept anything, write up what is best for you. How much money does he need out of the deal? Can you get in with 0 down? etc. If he would finance the whole shabang at a good rate, I would pay that price assuming it’s worth at least that (no repairs). I would be gung-ho on this second one.