how much is the finance percent for used car in Panama country?
Panama country i'm not talking about Panama city FL.
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- Couldn't find the percentage but with a little exercise this bank tells me it finances 75% of the car cost: 2005 Car Cost 20000 Downpayment 4000 48 months to pay 534.59 Insurance included (monthly payment) 451.16 No insurance included (monthly payment) See the link http://www.bgeneral.com/bgingles/personal/PrestamosDeAuto/index.htm It also seems that they do not finance cars older than 2005, but there are other banks that might. Banco General is one of the more respectables banks here. Hope it helps.
- It will depend on the bank you use. Some of the large banks will only finance a used car within 2 years of the application date. Banco Delta does a lot of used car loans, and they are more flexible on the years of the car. However due expect to put at least 30% down, and the rates won't be as good as a new car loan; so do consider it.
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