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SVTPerformance's Chain of Restaurants
The Market
Vehicles For Sale
Shelby GT500 Buy/Sell
13 Grabber Blue GT500, 8,300 miles
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<blockquote data-quote="layzie" data-source="post: 16819439" data-attributes="member: 97182"><p>Okay. My come back..</p><p></p><p></p><p>I made my own calls to Wells Fargo as well as Ally and walked into the Commerce bank you recommended myself so I misunderstand how I was proven 100% wrong.... ?</p><p></p><p></p><h3>Wells Fargo, worried about defaults, stops making loans to most independent car dealerships</h3><p></p><p><strong>Source: </strong> <a href="https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.htmlm" target="_blank">https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.htmlm</a></p><p></p><p></p><p>What I said in my previous post about them not doing auto loans came directly from the source. Now I googled the above a moment ago just to make sure I wasn't being lied to by wells fargo because I failed to understand how I could be "wrong" when they directly informed me that they <strong>do NOT </strong>do auto loans anymore.</p><p></p><p>So.. Apparently they do not do auto loans to "individuals" However I cannot be 100% wrong as you say since I was very specific about "DIRECT" loans aka non BS high yeild 150 % LTV loans as I <strong><em>clearly</em></strong> stated in my post's above.</p><p></p><p>But i just had to google it to make sure I was correct... Oh I see now, they outsourced their liability from all these fraudulant practices via exclusive agreements aka "middle man" companies. Could that be... you? I was shocked by the all the negative press painting a picture of predatory lending practices by independent brokers representing them.</p><p></p><p>You state that wells fargo is one of your biggest clients. The paperwork you posted clearly shows 150% loan to...uhh value? You write loans for them correct?</p><p></p><p>No thank you! Im sure you would be happy to write the predatory type of loan's they are known for to uneducated individuals unable to read and comprehend a contract let alone understand the basics of compounding interest so no ty, I'll take my loans the old fashioned way, "CLEAN" as I so elegantly put it above.</p><p></p><p>just google</p><p></p><h3>Wells Fargo Hammered By Feds For Auto Loan Insurance Scam</h3><p>[URL unfurl="true"]https://www.quora.com/Is-Wells-Fargo-an-evil-company[/URL]</p><h3>How Wells Fargo Became Synonymous With Scandal</h3><h3>Wells Fargo Has Yet Another Scandal Brewing, This Time Over Car Loans</h3><p></p><p>list goes on.</p><p></p><p>Im sure that if the video I linked above is accurate and a record amount of high LTV loans do get repo'd I'm sure you will say that they were all proven 100% wrong when they actually DO come back with nothing from the very type of loans you rave about.</p><p></p><p>and Looking over all the likes you got from your last post above just reassures that people just don't "get it" I now share your understanding for the rock analogy you kindly shared.</p><p></p><p>IF there is anything further to say, the floor is yours. However i ask that you PM me as I just happen to realize that this is a post about a very nice car for sale and I, not you but "I" completely derailed it and I apologize.</p><p></p><p>Very nice car!</p></blockquote><p></p>
[QUOTE="layzie, post: 16819439, member: 97182"] Okay. My come back.. I made my own calls to Wells Fargo as well as Ally and walked into the Commerce bank you recommended myself so I misunderstand how I was proven 100% wrong.... ? [HEADING=2]Wells Fargo, worried about defaults, stops making loans to most independent car dealerships[/HEADING] [B]Source: [/B] [URL]https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.htmlm[/URL] What I said in my previous post about them not doing auto loans came directly from the source. Now I googled the above a moment ago just to make sure I wasn't being lied to by wells fargo because I failed to understand how I could be "wrong" when they directly informed me that they [B]do NOT [/B]do auto loans anymore. So.. Apparently they do not do auto loans to "individuals" However I cannot be 100% wrong as you say since I was very specific about "DIRECT" loans aka non BS high yeild 150 % LTV loans as I [B][I]clearly[/I][/B] stated in my post's above. But i just had to google it to make sure I was correct... Oh I see now, they outsourced their liability from all these fraudulant practices via exclusive agreements aka "middle man" companies. Could that be... you? I was shocked by the all the negative press painting a picture of predatory lending practices by independent brokers representing them. You state that wells fargo is one of your biggest clients. The paperwork you posted clearly shows 150% loan to...uhh value? You write loans for them correct? No thank you! Im sure you would be happy to write the predatory type of loan's they are known for to uneducated individuals unable to read and comprehend a contract let alone understand the basics of compounding interest so no ty, I'll take my loans the old fashioned way, "CLEAN" as I so elegantly put it above. just google [HEADING=2]Wells Fargo Hammered By Feds For Auto Loan Insurance Scam[/HEADING] [URL unfurl="true"]https://www.quora.com/Is-Wells-Fargo-an-evil-company[/URL] [HEADING=2]How Wells Fargo Became Synonymous With Scandal[/HEADING] [HEADING=2]Wells Fargo Has Yet Another Scandal Brewing, This Time Over Car Loans[/HEADING] list goes on. Im sure that if the video I linked above is accurate and a record amount of high LTV loans do get repo'd I'm sure you will say that they were all proven 100% wrong when they actually DO come back with nothing from the very type of loans you rave about. and Looking over all the likes you got from your last post above just reassures that people just don't "get it" I now share your understanding for the rock analogy you kindly shared. IF there is anything further to say, the floor is yours. However i ask that you PM me as I just happen to realize that this is a post about a very nice car for sale and I, not you but "I" completely derailed it and I apologize. Very nice car! [/QUOTE]
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