just as another reality check, with your 2k down, before financing is 27k for a used murano. Your interest rate isn't going to be better than 6% so i'll let you figure out how much you will be paying at the end for a murano.

 

exactly

 

i think i was the only person that got what you were trying to imply. It would work though. They will pay off whatever you owed on the last car as well. Customers actually tell me they want to do this and i always have to make a report about it just incase because it's highly illegal to do it intensionally.

 

Ohhh, I gotcha. So finance the Murano and then have Tyrone come and "borrow" it "

 

I'll borrow it. Trust me you wont want it back. LOL

 

What kind of rates will I be looking at for a $20k car putting $3k down, I'm 19, I have never taken out a big loan before, I have a credit card and my parents will cosign. I live in NC by the way. I'm worried that it will be like 15%...

Didn't want to start a new thread.

 

it's very hard to say but with the info you told me, i'm guessing at least 11%.

 

Damn that's no good...if I refinance in a year or so will it be lower?

 

kind of. some people do it for a better rate and some people do it for a lower payment. If you plan on refinancing after a year, you would have been paying for the principle for a year so your overall car payment would go down.

 

When you refinance, can you change how long you finance?

 

yes.

 

Cool, thanks for your help!