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Car Finance declined
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<blockquote data-quote="Neil" data-source="post: 870899" data-attributes="member: 426"><p>Now with so many assets and no dept, my dad tried to buy a car cash with no debt and they wouldnt accept it - he couldnt understand why </p><p></p><p>My dad who was a financial genius in life - said the same thing - They want you to have something as capital - you need to have some sort of loan or bond - they dont want cash deals - it makes no sense i agree as their is no risk - car paid cash done - not to them - surely that makes more sense - but no - they want you to have some sort of loan.</p><p></p><p>i'm no expert in this - i may have this all wrong but trying to get my understanding across.</p></blockquote><p></p>
[QUOTE="Neil, post: 870899, member: 426"] Now with so many assets and no dept, my dad tried to buy a car cash with no debt and they wouldnt accept it - he couldnt understand why My dad who was a financial genius in life - said the same thing - They want you to have something as capital - you need to have some sort of loan or bond - they dont want cash deals - it makes no sense i agree as their is no risk - car paid cash done - not to them - surely that makes more sense - but no - they want you to have some sort of loan. i'm no expert in this - i may have this all wrong but trying to get my understanding across. [/QUOTE]
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