Is there any bank that will finance the purchase of a tokunbo car? on what terms please? thanks

Moving to the Autos section.

it all depends on what and what you can afford, i am not aware of the banks that cld do that, however, what can u afford and how much can u afford to be paying on a monthly basis and do you have a job to sustain this, what can of vehicle are u looking into buying and ince again, how much are u willing to spend?

I heard that First INland bank would finance but with 50% downpayment, and u pay another 50% to finance monthly payments. Then at the end of the tenure, u get back your second 50% or something like that. Has anyone heard of this??

That FirstInland gist looks silly. if one had the full 100% percent to put up, why go looking for a financier in the first place. reallyyy!

@curious LI - your a smart girl , i didnt even see that when i read it



@poster sorry i dont know of any. if I find ill post it for you

good luck matey

Curious Li, u missed the part about GETTING BACK the 50% after two years or so na so dem dey take fail exam!!

From what I hear its something like this: U want a 500k car, u pay 500k, u get 250k back after 2yrs. Now if after 2 yrs I sell off my 500k car for 350k, i wil have an extra 250k to add to that for another car - not so silly if i may add. Just want to no if its true - cant find any info on their website

I hear BankPHB gives out consumer loans which you may use to purchase your car after a down payment of 20%. Interest. rate is 17% I think.