[Tishabet]

Hey guys,
So, like all of you, I'm enthusiastic about Porsches, especially the older ones. However, while I can qualify for a financing deal to buy some 20k honda at the dealership, getting a nice 12k Porsche seems impossible without 12k in cash. Something that I've seen mentioned a few times is that getting traditional bank financing to purchase a 20 year old car is next to impossible, since the blue books might not cover it etc.
So what I'm wondering is whether seller financing is a viable option and, if so, why people don't seem to offer or use it. Like for instance, let's say I see a nice 914 that I really want to buy. Assuming the seller doesn't necessarily need the money right away (as in, they have run out of garage space vs medical bills or something) and they can put a lien on the title, why wouldn't you seller finance? As long as I had some sort of legal documentation so that the seller couldn't take advantage of me, I think I'd rather be paying some amount down and X dollars a month for 5 years or whatever to the previous owner rather than take out a bank loan. Is it that the seller is worried about getting ripped off? Just wanted to discuss this, since I would much rather owner finance my next purchase than buy it outright. Am I just being naive to think that such a situation would work?