I agree with you. I'm on the tailend of a purchase made several years ago.
This van is my daily driver and if I didn't owe so little I would get
something newer. But it sure is difficult to find a modern vehicle with the
same utility.

On Sat, Aug 5, 2023 at 7:43 AM Dennis Haynes <d23haynes57@hotmail.com>
wrote:

> Just think how close that is to the original purchase price. For the
> evaluation were they just looking at the vehicles value or also the vehicle
> with your Credit worthiness. As a thought it is one thing to fiancé
> collector vehicles for that purpose. To finance a  32 year old vehicle for
> normal use considering the risks you probably should be driving something
> else. In the RV world it is common for motorhomes and some trailers to get
> 15 and 20 year loans. I pretty much just junked my 2004. Thank goodness it
> was paid off many years ago so I could walk away from it. Making payments
> on a $20K loan and then add an engine and or transmission replacement is
> not a good place to be. For some financing may make sense if the interest
> rate is low enough that you are making more money keeping it for
> investment.
>
> Dennis
>
>
> -----Original Message-----
> From: Vanagon Mailing List <vanagon@gerry.vanagon.com> On Behalf Of John
> Rodgers
> Sent: Saturday, August 5, 2023 2:43 AM
> To: vanagon@GERRY.VANAGON.COM
> Subject: Tintop Value - 1991 Carat
>
> I recently asked my bank to research the value of my van for lending
> purposes. They came back with a figure that blew me away. Banks are
> notorious for under-valuing vehicles, especially older models. But they
> said it was currently worth $19,500.
>