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Author Topic: [Loan] $5000 [Have] physical colateral  (Read 26 times)
oscar884 (OP)
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Today at 06:07:29 AM
 #1

As the title reads. I’m looking for a $5000 and will use 3 brand new, sealed computers as collateral. On the used market sold as new all 3 are worth 40% more than the loan I’m requesting. I will ask that they email sealed to preserve their resale value. I’m in Southern California in case physical delivery to a location is better, that would save shipping fees
DireWolfM14
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Today at 01:20:26 PM
 #2

On the used market sold as new all 3 are worth 40% more than the loan I’m requesting.

This doesn't make any sense.  You can't ask "new" prices for previously owned computers, even if they are unused and remain sealed in their original packaging.  Electronics devalue quickly, and selling them for anything near the retail value of a new computer is highly unlikely.  A lender needs to base his loan on their resale value, not base the the retail value.


I’m in Southern California in case physical delivery to a location is better, that would save shipping fees

I'm in northern California.  Post here what you have, include photos.

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DaveF
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Today at 01:20:51 PM
 #3

The issue with leaving them sealed is that the person accepting them would have no proof that the boxes are not filled with a brick instead of a computer.

-Dave

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