I can't get financed, any suggestions??
10-19-2007, 09:25 PM
#42
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Originally Posted by iheartmyz
ok well i really gave up reading all the hating goin on...i was in the SAME situation you are in a month ago...i just graduated hs and i got a "good" job making almost $2k/month starting and they pay for college and what not...i sold my 95 integra gs-r and used that cash as a down payment on a z...my credit was like 670 or something and i went to my CREDIT UNION. i financed 13,000 @ 6.09% for 60 months comes out to roughly $255/month. i put the car on my dads name on the insurance plan because i have a couple points and pay him $160/month for that...i paid and plan on paying double payments because i don't wanna be CRAZY old (23) and still making payments. good luck with your car. there is always a way to do it, you just gotta figure it out.
Same salary, went to a credit union. Got approved on my own for $16,800 @ 7.9% after my downpayment. 72 months @ $294/mo
I'll refinance after I pay a few bills off
10-19-2007, 09:29 PM
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Originally Posted by page04Z
Same exact boat as you.
Same salary, went to a credit union. Got approved on my own for $16,800 @ 7.9% after my downpayment. 72 months @ $294/mo
I'll refinance after I pay a few bills off
Same salary, went to a credit union. Got approved on my own for $16,800 @ 7.9% after my downpayment. 72 months @ $294/mo
I'll refinance after I pay a few bills off
10-20-2007, 06:56 AM
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Originally Posted by SuperBlack350z
i would never finance at 72 months especially for 17k.
I can always refinance.
I was sick of paying $500/mo on my subaru, wanted something cheaper in monthly payments so I could go to school part-time.
I should have just bought a HYUNDAI, but I got suckered into another sports car
10-20-2007, 01:02 PM
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Originally Posted by page04Z
Same exact boat as you.
Same salary, went to a credit union. Got approved on my own for $16,800 @ 7.9% after my downpayment. 72 months @ $294/mo
I'll refinance after I pay a few bills off
Same salary, went to a credit union. Got approved on my own for $16,800 @ 7.9% after my downpayment. 72 months @ $294/mo
I'll refinance after I pay a few bills off
10-20-2007, 04:17 PM
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Can someone please explain in dummy terms what co-signing means? During the financing term, if there is a co-signer, when can they help pay? Do I need my own insurance or is it okay if the car can go under my parents name and can my parents or I pay for my car's insurance. The new vehicle I want will be replacing an older vehicle which is already under my parent's insurance. I'm older than 20.
10-20-2007, 07:08 PM
#48
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maxima2k2:
im not im expert on this, but this is how i understand it.
the cosigner is there to tell the dealership that they are going to help you pay.
they sign everything you sign, and they will be part owner of your car since their name is on hte registration and the loan., so you should get someone with good credit and that you really trust to co-sing
who makes hte payments is entirely up to you and the co-signer, but most people get a co-signer just to get the car out of the dealership. then whoever wanted the car in first place makes the payments.
also if you miss your payments both of your credit records will go to hell.
hope that helps.
im not im expert on this, but this is how i understand it.
the cosigner is there to tell the dealership that they are going to help you pay.
they sign everything you sign, and they will be part owner of your car since their name is on hte registration and the loan., so you should get someone with good credit and that you really trust to co-sing
who makes hte payments is entirely up to you and the co-signer, but most people get a co-signer just to get the car out of the dealership. then whoever wanted the car in first place makes the payments.
also if you miss your payments both of your credit records will go to hell.
hope that helps.
10-21-2007, 05:38 AM
#49
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Originally Posted by leftyg3
maxima2k2:
im not im expert on this, but this is how i understand it.
the cosigner is there to tell the dealership that they are going to help you pay.
they sign everything you sign, and they will be part owner of your car since their name is on hte registration and the loan., so you should get someone with good credit and that you really trust to co-sing
who makes hte payments is entirely up to you and the co-signer, but most people get a co-signer just to get the car out of the dealership. then whoever wanted the car in first place makes the payments.
also if you miss your payments both of your credit records will go to hell.
hope that helps.
im not im expert on this, but this is how i understand it.
the cosigner is there to tell the dealership that they are going to help you pay.
they sign everything you sign, and they will be part owner of your car since their name is on hte registration and the loan., so you should get someone with good credit and that you really trust to co-sing
who makes hte payments is entirely up to you and the co-signer, but most people get a co-signer just to get the car out of the dealership. then whoever wanted the car in first place makes the payments.
also if you miss your payments both of your credit records will go to hell.
hope that helps.
Meaning if my mom co-signs, and a year later I say "**** you mom" and move out and stop paying for the car, my mom is responsible for paying for the car.
I was never lucky enough to have a co-signer
10-24-2007, 02:52 AM
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Originally Posted by ckthepilot
I know a friend that put 10k+ cash down for his 07 Z. No income, bad credit. Still got financed :P
10-24-2007, 03:53 PM
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Hey guys...I am in the auto sales industry as well, so I thought I could comment fairly intelligently on this thread.
It's all about a cosigner & cash down. Banks look at several factors, mostly CAN you pay for the car, and WILL you pay for the car.
With a 690, depending on what's on it, the "will" part shouldn't be a problem. With only $800 a month, BEFORE taxes, the "can" part is the issue. Even with a co-signer, that will be tough, very tough.
Even with the Ebay money, I think you are looking at too much car, but good luck to you.
It's all about a cosigner & cash down. Banks look at several factors, mostly CAN you pay for the car, and WILL you pay for the car.
With a 690, depending on what's on it, the "will" part shouldn't be a problem. With only $800 a month, BEFORE taxes, the "can" part is the issue. Even with a co-signer, that will be tough, very tough.
Even with the Ebay money, I think you are looking at too much car, but good luck to you.
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