01-21-2010, 02:03 AM | #43 |
Drives: 2005 Chevrolet Colorado LS Join Date: Oct 2009
Location: Dallas, TX
Posts: 64
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pss-ive had my checking accounts for 4 years as well...
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2010 Black Camaro 2SS w/ RS package.... da woiks!
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01-21-2010, 09:22 AM | #44 | |
Drives: 2012 Mustang GT Join Date: May 2009
Location: Abilene, TX
Posts: 1,358
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Damn! Even more reason to secure you own financing before buying. Good info... ________ Toyota Corolla Specifications Last edited by jrc1122; 03-11-2011 at 10:33 PM. |
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01-21-2010, 06:07 PM | #45 |
A ***'s Headache
Drives: Everything Join Date: Aug 2009
Location: Texas
Posts: 2,174
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Honestly, no one here can say whether or not you will get financed, or at what rate you will get financed with. It has to be submitted to a bank. I've seen banks take a 600 beacon and give them a 8-10% APR because the deal made sense to the banker. I just had a bank turn down a deal where the gentleman was a 700, made 150k a year, because he had a DD that he owed 5k on, and had cosigned for his brother on a truck. Well under his debt to income ratio, just didn't make sense to the banks. Only one that can tell you what type of APR you will get, or if you can get financed is a bank or loan officer. Anyone else is just making an educated guess.
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01-21-2010, 06:23 PM | #46 | |
Drives: Old Join Date: Sep 2008
Location: OK
Posts: 726
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01-21-2010, 07:12 PM | #47 |
Psssssssssshhhhhhhhhhhhh!
Drives: under contruction Join Date: Nov 2009
Location: Marysville, Ohio
Posts: 12,996
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The smart thing to do is finish school and don't over extend yourself at a young age. I know that isn't what people want to hear because we all love the Camaro and want one now. Invest your money in your education because it will appreciate in value. The car will not. Invest in yourself, then you can more easily afford the toys later in life.
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01-21-2010, 07:29 PM | #48 |
Drives: 07' TAHOE LTZ Join Date: Aug 2009
Location: Arizona
Posts: 151
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I think it’s irresponsible to buy a car with less than 50% down, especially during this economy. Even in a good economy I put at least 50% down. Although it is good for people to go spend money they don’t have, maybe it will help kick start the economy, as long as you keep up the payments. Just my .02
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01-22-2010, 12:42 AM | #49 | |
Drives: 2005 Chevrolet Colorado LS Join Date: Oct 2009
Location: Dallas, TX
Posts: 64
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2010 Black Camaro 2SS w/ RS package.... da woiks!
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01-22-2010, 01:38 AM | #50 | |
Account Suspended
Drives: 2012 ZL1 & 2010 2SS/RS Join Date: Jul 2009
Location: Maryland
Posts: 3,378
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Well..that is a loaded statement. It is probaly irresponsible to buy a new car when you can get a much better price on a slightly used one. It is probaly irresponsible to spend $40K on a car like a Camaro when there are better values out there. Though on the internet everyone has a 800 beacon, and pays cash up front for their cars...in the real world most people take the relativly cheap financing out there and use the cash for other things.
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01-22-2010, 09:57 AM | #51 |
Drives: 2012 Mustang GT Join Date: May 2009
Location: Abilene, TX
Posts: 1,358
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I will shorten my post..
I have never put 50% down, nor have I paid cash. I wish I was smarter and more savvy with my money at times, but my bills have always been paid on time and I am NOT irresponsible. ________ Honda Sonic history Last edited by jrc1122; 03-11-2011 at 10:34 PM. |
01-22-2010, 10:13 AM | #52 |
So-Cal Race team!!
Drives: Tahoe LTZ,2010 2SS/M6 Camaro Join Date: Apr 2009
Location: Phillips Ranch ca. So-Cal
Posts: 5,973
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This is my story too ...10k it hurt but worth it!
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WE RACE DEEP!!
BBK Intake, Flowmaster AT cat back Barton shifter,Painted stripes,,Heritage grill,LED DRLs, Smokin Tires!! |
01-22-2010, 10:38 AM | #53 | |
Drives: 2014 Camaro 2LS Blue Ray Join Date: Jan 2010
Location: Columbus
Posts: 204
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01-22-2010, 10:42 AM | #54 | |
Drives: 2014 Camaro 2LS Blue Ray Join Date: Jan 2010
Location: Columbus
Posts: 204
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01-22-2010, 10:50 AM | #55 | |
Drives: 2014 Camaro 2LS Blue Ray Join Date: Jan 2010
Location: Columbus
Posts: 204
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01-22-2010, 03:55 PM | #56 | |
Drives: 07' TAHOE LTZ Join Date: Aug 2009
Location: Arizona
Posts: 151
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I guess I had to learn the hard way, I will never make 500 to 600 dollar payments again. It's just to hard to forsee what's going to happen in the future, even though I was making close to 6 figures. Now that I have a family and house payments, I think it's harder to make big purchases without a large down payment. But if your single, then go for it!!! |
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