Originally Posted by sawgunner
banks will screw ya every time
Not everytime. The bank I use is a lot different than most. USAA, I'm sure you've heard of it Gunner. Anyway, instead of financing 125% of the retail value that most banks do (which allows you to get upside down since you borrowing more than the worth). They only allow 110% of the whole sale value. You know, what the car is worth at auction. This way it'* really hard to get upside down since the whole sale value is a lot less than the retail value.
As was the case of this car. The financed just under $9k, but my final price (due to being upside down on the Monte) was $13,5. I had to come out of pocket to buy this thing, but I am no longer upside down so if I get in a wreck the insurance should pay it all off.
2004 Chevy Silverado Z71 - 15% tint, FTDRL, All-on-high, 5000k lows/fogs, tinted tails, color matched grille, Sound by Kenwood.