06-20-2009, 01:53 PM | #15 | |
I Pity The Fool
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Without a pretty big downpayment (your situation) and car insurance.. You are probably looking at over $500.00 monthly than tack on insurance... What's the point of getting your "dream car" to only have in a couple of months....you can't make the payments on it and can't pay insurance. Have to resort to hiding the car or worse..they start harrassing your "co-signer" to cough up the payments. If you can wait til the "camaro craze" dies down...get the car later.... My son is 23 and went through the same phase a few years ago...I understand.....he now has a Honda Civic that he paid off and a "crotch rocket"......
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Jeep Wrangler 06 & VW GTI 09 "My Fast"- |
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06-21-2009, 02:20 AM | #16 | |
Drives: 2010 Camaro SS/RS 92 300zx 2001 Ram Join Date: Feb 2009
Location: Staten Island, NYC
Posts: 1,388
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Quote:
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06-21-2009, 02:27 AM | #17 |
Drives: 00 Blazer Join Date: Aug 2008
Location: Texas
Posts: 5,104
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What model did you want to get and how much where you looking at borrowing?
That will effect the bank's decision with your situation of course. |
06-21-2009, 03:19 AM | #18 |
I Pity The Fool
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You might be a Tier C (3) w/those scores your interest rate might be a little high,if you get the Camaro around $25,000-you might be able to swing a rate of 4.75 or 5....depending on how much your putting down...if you put down $5,000 you should be able to get the car on your own.
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........"Is custom faded?"
Jeep Wrangler 06 & VW GTI 09 "My Fast"- |
06-21-2009, 06:51 AM | #19 |
L isn't for Lease...
The part that got me was, "I'm only 24"....pathetic. Man up already.
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Vince
SS2 Black with CGM Stripes 3800 Born: 25 May VIN#12136 6000 Mine 26 June 2009 SLP Loudmouth II, NOWEEDS, BMR 1.4/1.0 Lowering Springs, Cold Air Inductions Intake, Tune, Eagle Eyes w HID, SLP "SS" Grille Insert, Pistol Grip Shifter, Hawk PC Pads, RGB Scanner, Tint, Headlight Armor, Clear Bra, 22's. |
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06-21-2009, 07:56 AM | #20 |
You need to work on that credit score buddy. I'm 25, bought my house at 24. Maybe now is not the time for you to own one?
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Proud owner of a Black 2010 2SS/RS Chevy Camaro.
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06-21-2009, 08:14 AM | #21 | |
Drives: 2010 SIM 2SS Camaro Join Date: Jun 2009
Location: Dacula GA
Posts: 218
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I inquired about it and he said that they use a different "vehicle" credit reporting agency. Which is all well and good, but I wondering why it was lower. because I've never been late on a car payment....must be other factors |
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06-21-2009, 11:54 PM | #22 | |
Drives: 2010 Camaro SS/RS 92 300zx 2001 Ram Join Date: Feb 2009
Location: Staten Island, NYC
Posts: 1,388
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Quote:
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Last edited by NightmareSS; 06-22-2009 at 11:53 AM. |
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06-22-2009, 12:47 AM | #23 | |
Drives: Blk/Blk 2018 Sierra SLT Join Date: Dec 2006
Location: Golden State
Posts: 2,925
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What is your annual income and how much do you have available in credit? If you dont mind me asking |
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06-22-2009, 11:55 AM | #24 |
Drives: 2010 Camaro SS/RS 92 300zx 2001 Ram Join Date: Feb 2009
Location: Staten Island, NYC
Posts: 1,388
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not sure wut my annual income is...but i make 12 bucks and hour and usually get 5 hours a week overtime at 18 and hour...i make about 800 every 2 weeks give or take (depending on whether more or less overtime) after taxes...i owe the 5k but i have no other expenses...i live at home and ill have a co-signer
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06-22-2009, 01:28 PM | #25 | |
It's amazing!
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It pays to be patient.
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Captain O'Hagan: I swear to God I'm going to pistol whip the next guy who says, " Shenanigans."
Mac: Hey Farva what's the name of that restaurant you like with all the goofy shit on the walls and the mozzarella sticks? Farva: You mean Shenanigans? |
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06-22-2009, 04:36 PM | #26 | |
Drives: Blk/Blk 2018 Sierra SLT Join Date: Dec 2006
Location: Golden State
Posts: 2,925
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I agree, the bank will see you can handle your bills and your credit score will sky rocket, mine went from the 650's when I had 5k debt to 720 after I paid it off, in a matter of 2-3 weeks, when you have 5k in bills and are pulling in $800 a pay period, assuming after taxes, your debt to income ratio isnt very good considering a 30k+ car. Your payment will be $500-650, add insurance, then you still have your credit card bills, on 5k I'm sure your paying over $150 a month, I'm not trying to rain on your parade but I just think you might be in for a suprise. Good luck my friend |
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06-22-2009, 04:47 PM | #27 |
Team Fordpower
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Not to be insulting here, but judging from your awful grammar and blaming the economy for your problems, I'm going to go ahead and say you're uneducated (at least past the high school level.) It's simple, if you're 24 and you can't afford a brand new car, DON'T BUY IT! I'm sure you have better things to spend your money on than a $30,000+ car. And if you have to build your credit to make this purchase, then you definitely have other, more important things to worry about...like making payments on time. Seriously, it's called common sense.
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06-22-2009, 04:49 PM | #28 |
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A. Do you have a Job? Because if you dont your credit score wont always help.
B. 670 is alright and not great C. There is no lease on these D. If you have a lower credit score you probably cant afford this, and dont buy it. E. 7% really isnt that bad, 2 years ago i got a new truck and my score at that time was like 720 and i got 8 something. A good average rate right now is 5-6%
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