# Buying a used EV...auto loan etc **URL:** \ **Category:** EV Small Talk\ **Created:** [November 15, 2007, 6:01am UTC](https://community.electricforum.com/t/buying-a-used-ev-auto-loan-etc/465 "2007-11-15T06:01:36Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![rajuncajun](https://avatars.discourse-cdn.com/v4/letter/r/e99b99/32.png) [@rajuncajun](https://community.electricforum.com/u/rajuncajun)\ **Post date:** [November 15, 2007, 6:01am UTC](https://community.electricforum.com/t/buying-a-used-ev-auto-loan-etc/465/1 "2007-11-15T06:01:36Z")
Hi, I’m seriously considering just buying a used EV. As I get further along in the conversion planning it’s starting to look like I should expect to spend almost $10,000 any way you look at it, unless I leave out something major e.g. heater and power brakes. And to be honest it would take a heck of a long time to do since I can really only work on it on saturdays for the forseeable future do to my ‘real job’. I want to start saving $ on gas and feeling cool now! Seriously though, has anyone taken out a car loan for an EV? What issues are there concerning that many EV conversion cars often have a low blue book value, but are actually worth much more since they are EV converts? Could a vehicle be appraised such that the bank would then loan the cash? Anyone had experience here? Thanks in advance! -Andrew ---
**Author:** ![FEUS](https://avatars.discourse-cdn.com/v4/letter/f/ebca7d/32.png) [@FEUS](https://community.electricforum.com/u/FEUS)\ **Post date:** [November 15, 2007, 6:47am UTC](https://community.electricforum.com/t/buying-a-used-ev-auto-loan-etc/465/2 "2007-11-15T06:47:57Z")
i’d immagine a bank wouldn’t do it since they dont know specifically what they are loaning for since its not a “safe” transaction… i could see if the car loan is for something arround KBB price, but with a swap you are usually adding on another 5-10K and almost no bank no matter whats in the car will go for that… your best bet is refinancing your home with a home loan and doing it that way.