Has anyone ever done it where it worked out??:badidea:
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Has anyone ever done it where it worked out??:badidea:
I have never done it. If the bank will not loan you money why should I?
I'm not a finance company....
Did it once for a friend.. Didn't end well.
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Bad idea
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Did it for a real responsible friend of my kid, I did tell him that it wont work and if it didn't, when he returned the bike he would be out anything he payed me. 2 months good, 3rd month half a payment. Then he returned it, the kid learned a lesson.
Yes but only when there was a decent downpayment and good, solid, hard to destroy collateral.
I've done this, but only when they gave me a deposit for the full amount in advance :D
If there's enough money up front so if things go bad (and they probably will) you would still come out ahead. I say it's ok.