My boss told me how he took advantage of HFC to buy his first car. I hope
what he said was true - but people say all kinds of things when they want to
tell a compelling story.

He said he went to a bank to buy a car - but they wouldn't loan him the
money - because he didn't own anything.

So, he talked to some wise dude, who told him to do the following:

Go to HFC, get the loan, and pay the juice - as my friend Terry calls it.

Then go back to the bank, apply for the loan .

They asked - what do you own? He said the car. They gave him the loan at
normal rates - and he paid off HFC.

He was so proud of that story - how some knowledge of the system allowed him
to get what he needed.

I can't say if it's true, but it was an interesting story. I didn't ask my
boss the hard questions though - he's my boss, after all, and I know what
side of the bread my butter is on, if you know what I mean.

I'd not have loaned the money if I was the banker - because to me - HFC
owned the car until it was paid off.

But it might just work with a banker that really wanted to help - but had to
have something to work with.

Marshall Ruskin
84 Westy
----- Original Message -----
From: "Terry K." <CTONLINE@WEBTV.NET>
To: <vanagon@GERRY.VANAGON.COM>
Sent: Friday, May 31, 2002 12:28 AM
Subject: Re: Financing

> HFC ( Household Finance) will write you right up buddy---!!
>
> Like "walk in Drive out"----
>
> BUT, beware of the "juice" finance rates---.
>
> Pretty high----like 28% juice---
>
> You'd be better off setting up a line of credit at a bank---for the
> lower rates--
>
> Later,
>
> Terry
>
>
> E-mail message
>
> This letter is slightly off topic, so, I apologize in advance. It looks
> like about the only way I will ever get my much dreamed about vanagon is
> to be able to make payments on it. So, to my question. Is there any
> place that will finance a smaller, older purchase like this. Most banks
> seem to have a $7500 minimum on car loans. I hope you dont think this is
> a stupid question, and I hope no one will reply with don't waste your
> money or anything similar. TIA Dave.