2 Comments

1. 12pleze says:
   May 19, 2010 at 11:04 am

   yOU SHOULD NOT AS A DEALER WILL ALWAYS GET BETTER RATES. THEY USE 100′S OF BANKSAS YOUR APP. IS FAXED TO ALL BANKS AND BEST RATE CALL BACK WILL BE THE ONE TO GET. DEALERS GET A 2 POINT DISCOUNT ON BEST RATE FOR TIER 1 AND AT A RATE SAY WAS 6 THEY GAVE, THEN 8 WOULD BE YOUR RATE WHILE A BANK WILL MAKE MONEY AND ON 8 IT IS NOT ENOUGH IF IT IS BEST OUT THERE FOR YOUR CREDIT.

   WITH LIMITED CREDIT A BANK WILL NOT TOUCH YOU. iF NOT 18 FORGET IT. yOU WILL NEED ON 17,000 WHICH IS DOUBTFUL,8-9000 DOWN, 1 YEAR SAME JOB FOR 1 YEAR MAKING 1500 A MONTH AND HAVE 3 RECENT ytd STUBS, 2 UTILITY BILLS FROM HOUSE YOU LIVED FOR LAST YEAR WITH YOUR NAME, 10 COMPLETE REFRENCES, HIGH apr DEPENDS IF YOU HAVE LIMITED OR BAD LIMITED CREDIT COULD BE 14.9-23.9 AND SECONDARY BANKS WHICH WOULD BE THE 1 YOU WILL HAVE TO USE WILL ADD 2-3000 ON THE otd PRICE AS A CHARGE FOR LENDING SOMEONE CREDIT CHALLENGED FROM RISK INVOLVED.

   Car @ 17.000.00 will be 19,000 with tax, tag and doc fees+ 2500 from bank for a 21,000.00 total. With 10,000 down and 12,000 financed for say 4 years will be with say 20% apr will be in high 300’s to low 400’s.

   Get something you can afford as bank will most likely not lend that much or even 17,000 but around 10-12.000 tops. also has to be 6 years old or less and 80K miles or less and book out with money down as credit needs. They may want you to get warranty and term may be 2-3 years which will give with 5000.00 down, 7000.00 will be mid 300’s for 3 years @ maybe 1-2 points less apr.

   A car credit is most important start you can have on start on your own. With making all payments will maybe get a house loan or other. You have to prove you deserve to pay and will pay a loan back. 1 bad car loan can hold up all credit for 7-10 years.
2. Tom says:
   May 19, 2010 at 11:11 am

   Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com