As a seller of "classic" vehicles (mostly Westies and Syncro Dokas), I can
confirm that many of these purchases are made with bank loans using the
vehicle as collateral.  All that is normally required is an appraisal from a
licensed (certified?) vehicle appraiser.  Generally, a vehicle appraisal
costs about $350.

Cheers,

Jeff

-----Original Message-----
From: Vanagon Mailing List [mailto:vanagon@gerry.vanagon.com] On Behalf Of
Zeitgeist
Sent: Sunday, January 26, 2014 11:29 AM
To: vanagon@GERRY.VANAGON.COM
Subject: Re: Friend in Seattle want to buy his first Westy

I assume the bulk of the late model Syncro campers are being purchased via
bank loans, given that many are selling for $20k and up nowadays

On Sun, Jan 26, 2014 at 11:23 AM, Robert Stevens <mtbiker62@gmail.com>wrote:

> In a message dated 1/26/2014 2:04:52 P.M. Eastern Standard Time,
> mcneely4@COX.NET writes:
>
> Hmmm  ...... .   I'm surprised one can get a loan for any vehicle that
> old, mileage or no.
>
> It's done all the time.....as long as it's secured against
> real-value-property that the bank can, therefore, hold title to until
> the loan is paid off.
>
> bob

--
Casey