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Take a Loan or Not?

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Old 08-08-2005, 09:59 AM
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monkeykevin
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Default Take a Loan or Not?

Hey everyone-I'm new to this forum and I just wanted to ask a few question on buying a Z car. I usly go to NWN or G20 forum since I previously own a 240SX(S14) and now own a G20(P10). I'll be going to the police accademy soon with the sallery of 46k a year I'm 21 worshipping Nissan day and night.

I barly know jack on taking loans and if I should or not... the cars I play with are 6k and under so it's not a kick to the pockets. I REALLY love the sunset orange but to you is it well worth doing a loan on a 46K sallery or just wait till its a nice cold hard cash in the piggie bank?

I've never took a loan before and I hear A-LOT of people do but is it worth the time and extra cost to satisfiy your compulsive need then think back on it?

I know this is a stupid question to ask even though its up to me if I wish to pay the intrest to drive a SEXY Fairlady.

PS- THis my Old baby... I want her agian but I'm thinking we need a break for now hehe

http://img.photobucket.com/albums/v1...ilvia/BW-1.jpg

Last edited by monkeykevin; 08-08-2005 at 10:11 AM.
Old 08-08-2005, 10:48 AM
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Mantis3024
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I'd recommend you save enough to put at least 1/3 down. Taking and paying off a loan on a car you want is a good way to raise your credit score, especially if you're young.
Old 08-08-2005, 10:55 AM
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dlaw300z
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Originally Posted by Mantis3024
I'd recommend you save enough to put at least 1/3 down. Taking and paying off a loan on a car you want is a good way to raise your credit score, especially if you're young.
I agree with this. Also when you get the loan, do not go through the dealer. They will give you about the worst rate available. If you can I would go through a credit union because they aren't in it to screw you unlike loan companies.
Old 08-08-2005, 12:24 PM
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Fletch69z
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Yeah, secure your own financing. Nice 240 by the way.
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