Re: Used A4 Prices

[William Murin <murinw@cs.uwp.edu>]

Jeff:

A month or so ago I did some looking at the "books" that were available 
on internet; Edmunds and Kelley.  Did not look at the one at Autosite 
because it wasn't free.

In one of them I found an 85 UrQ to have a "book value" of $8500.  Cannot 
remember if it was wholesale, retail, trade, etc.

Frankly I'm surprised at all that any bank, except those holding the 
paper for exotics and semi-exotics would even have numbers on a UrQ.  
What are the numbers--less than a thousand imported into the US less tan 
100 '85s and all of this between 12 and 15 years ago.

OTOH, when I talked to the car guy at my credit union and told him I 
might be buying a UrQ and would they loan me $$$ on it, his answer was 
that they would loan me up to 105% of the purchase price (the 5% being 
sales tax) for up to 36 months.  They will go up to 66 months on a car 
loan but not for a car that old.

There is a moral in all this somewhere--probably has to do with the role 
your banking institution sees itself playing in your life.  Before you 
think my bank is comprised of nothing but wonderful people standing on 
the 2nd floor throwing out baskets of money--I have never been able to 
get them to finance any boat I have ever bought.  I've been a member of 
this credit union for more then 25 years, my payment record on everything 
is impeccable, I show them the industry statistics that sailboat loans 
are the absolutely safest consumer paper you can hold--lowest default of 
any kind of paper including home mortgages, etc.  Their answer is always 
the same--we don't do boat loans.

Oh well.

Audi- on guys and ladies.


Bill Murin