Your Favorite: Michelle Tucker - Wet Booty Scene (and car financing question)
- Thread starter yngceo
- Start date
hunchbak said:
Co-sign. If you already have debt, no need to make any more. A Neon will get you the same place as the Acura. You're just paying more for you personal luxury. And nicer cars have more expensive maintenance. I'm sure your grandmother kept the neon cleaner than most newer cars out here. No one really wants a car note. (And them shits good on gas!)
I have bought 4 new cars in the last 3 years(Lexus SUV,Toyota Corolla,Honda Pilot,Honda Accord) and I paid less than invoice on all 4. So Im gonna give you the Car Buying 101 class simple version.
1st Never ever go to a car dealer and talk about financing BEFORE you have the car you want at the price you are gonna pay. The big secret about dealers is they can get you financed so matter ur credit but if you tell them up front they are gonna screw you on both car price and financing.
2nd You can buy a new car just as easy as a used car and will get a better price. For example a dealer will get a used car for $3500 on a trade they will fix it up(paint,wash and wax,do minor body work) and sell it as is for $7000. You come in a they will GIVE you a great deal at $750 off for a deal of $6250. They make over $2500 profit on the car then the finace it for you at a high rate cause ur credit is bad for 60 months so ur payments are low,at the end of 5 years you pay $13,000 for ur $6000 used car thye only invested $3500 in. Instead you could have gotten a lower end new car for $9000/at a lower rate cause it's a new car and you have paid about $13,000 for new car caue banks will give lower rate on a new car than a used one.
3RD and most important-The dealer will sell you the car at invoice or less if you learn about the car and are willing to walk out of the dealer if they dont sell the car to you at invoice. All the major dealers(Toyota,Nissan,Honda etc...)want to sell new cars quick,the longer they stay on the lot they lose there hold-back which is money to the dealer. So they will make deals to move them out but you have to know what they pay for the car so you can get the car for there price plus hold-back which usually is 3-8% of the invoice. Go to Cars.com or Kelly Blue Book for invoices and more info. Hope this helps and good luck.
1st Never ever go to a car dealer and talk about financing BEFORE you have the car you want at the price you are gonna pay. The big secret about dealers is they can get you financed so matter ur credit but if you tell them up front they are gonna screw you on both car price and financing.
2nd You can buy a new car just as easy as a used car and will get a better price. For example a dealer will get a used car for $3500 on a trade they will fix it up(paint,wash and wax,do minor body work) and sell it as is for $7000. You come in a they will GIVE you a great deal at $750 off for a deal of $6250. They make over $2500 profit on the car then the finace it for you at a high rate cause ur credit is bad for 60 months so ur payments are low,at the end of 5 years you pay $13,000 for ur $6000 used car thye only invested $3500 in. Instead you could have gotten a lower end new car for $9000/at a lower rate cause it's a new car and you have paid about $13,000 for new car caue banks will give lower rate on a new car than a used one.
3RD and most important-The dealer will sell you the car at invoice or less if you learn about the car and are willing to walk out of the dealer if they dont sell the car to you at invoice. All the major dealers(Toyota,Nissan,Honda etc...)want to sell new cars quick,the longer they stay on the lot they lose there hold-back which is money to the dealer. So they will make deals to move them out but you have to know what they pay for the car so you can get the car for there price plus hold-back which usually is 3-8% of the invoice. Go to Cars.com or Kelly Blue Book for invoices and more info. Hope this helps and good luck.
BlacK da NomaD said:
Listen to these cats. Take the Neon, keep up on the maintenance and ride that thing till it dies. In the mean time, start looking at your credit and working on repairing it. Take baby steps if you have to, but definitely start working on it. It will be with your entire life. Also, what was your last whip with over 200k on the odometer out of curiosity?
If your credit is fucked that means if you finance with your grandmother you won't be able to pay HER back, therefore fucking up HER credit because your credit is fucked because YOU don't know how to do shit!
So like others have said, ride that muthafuckin neon. Hook that shit up or whatever, but don't fuck your grandmother over (because you will).
So like others have said, ride that muthafuckin neon. Hook that shit up or whatever, but don't fuck your grandmother over (because you will).