Financing My Fd
04-13-2004, 02:50 PM
#14
Senior Member
Join Date: Oct 2002
Posts: 5,547
Originally Posted by twstdmtl' date='Apr 13 2004, 12:06 PM
If you are totally desperate (i don't really recomend this) try a credit card with zero APR for 1 year then float your balance to another zero APR card before they rape your butt with big black unlubricated interest!
Again I repeat, DO NOT use a C to buy a car, no matter how attractive the benefits (benefits, yeah right) seem.
04-13-2004, 03:01 PM
#15
Super Moderator
Join Date: Jan 2002
Location: New Jersey
Posts: 3,928
look into DTI..
debt to income ratio..
its what banks uses to determine your eligibility for a loan..
if you cant get one even with co-signer.. which can be subjected to the same scrutiny..
this should be a good indicator that this may not be the right time for ya..
consider it possibly a blessin in disguise..
debt to income ratio..
its what banks uses to determine your eligibility for a loan..
if you cant get one even with co-signer.. which can be subjected to the same scrutiny..
this should be a good indicator that this may not be the right time for ya..
consider it possibly a blessin in disguise..
04-13-2004, 03:10 PM
#16
to infinity & beyond, me
Join Date: Aug 2001
Location: santurce
Posts: 5,124
my bank made me waste 10 days before i could get approve for the loan. once i got approved i took the cars paperwork, year, mileage, blah, blah, to the bank and tell me teh check will be ready in like 30 mins, by teh time i get to where i work, bank is on site, theyve called to tell me they cant give me the loan cause the car is over 5 years old. they said i could get a personal loan. but that would have taken another 5 or so days. so i just payed cash. they dont want to make money off a loan from me, then they wont make money off me having my money there.
i guess this doesnt help u out a lot, other than you should look for a low interest personal loan.
i guess this doesnt help u out a lot, other than you should look for a low interest personal loan.
04-13-2004, 03:55 PM
#17
Super Moderator
Join Date: Feb 2002
Location: Amityville, New York
Posts: 12,288
some options:
you need a personal loan, hard to get with no collatoral, like
your parents putting up the house
give them the 15%, on lets say a $15,000 FD thats only $2250, if
your scraping the bottom of the barrel and cant come up with
$2250 then a FD isnt the car for you.
go to a make it happen type of guy and pay higher interest, look in
the phone book for independant leasing companies, I know of one
here that writes paper on pretty much anything and everything, not
sure if he will help you out in Jersey, but you would STILL need
a decent downpayment.
I would also check into insurance before you go any further, your
looking at least $500-$600 a month before you put any gas in it
you need a personal loan, hard to get with no collatoral, like
your parents putting up the house
give them the 15%, on lets say a $15,000 FD thats only $2250, if
your scraping the bottom of the barrel and cant come up with
$2250 then a FD isnt the car for you.
go to a make it happen type of guy and pay higher interest, look in
the phone book for independant leasing companies, I know of one
here that writes paper on pretty much anything and everything, not
sure if he will help you out in Jersey, but you would STILL need
a decent downpayment.
I would also check into insurance before you go any further, your
looking at least $500-$600 a month before you put any gas in it
04-13-2004, 07:48 PM
#18
Senior Member
Join Date: Aug 2003
Location: green brook, nj
Posts: 792
Originally Posted by Rob x-7' date='Apr 13 2004, 12:55 PM
some options:
you need a personal loan, hard to get with no collatoral, like
your parents putting up the house
give them the 15%, on lets say a $15,000 FD thats only $2250, if
your scraping the bottom of the barrel and cant come up with
$2250 then a FD isnt the car for you.
go to a make it happen type of guy and pay higher interest, look in
the phone book for independant leasing companies, I know of one
here that writes paper on pretty much anything and everything, not
sure if he will help you out in Jersey, but you would STILL need
a decent downpayment.
I would also check into insurance before you go any further, your
looking at least $500-$600 a month before you put any gas in it
you need a personal loan, hard to get with no collatoral, like
your parents putting up the house
give them the 15%, on lets say a $15,000 FD thats only $2250, if
your scraping the bottom of the barrel and cant come up with
$2250 then a FD isnt the car for you.
go to a make it happen type of guy and pay higher interest, look in
the phone book for independant leasing companies, I know of one
here that writes paper on pretty much anything and everything, not
sure if he will help you out in Jersey, but you would STILL need
a decent downpayment.
I would also check into insurance before you go any further, your
looking at least $500-$600 a month before you put any gas in it
04-13-2004, 08:33 PM
#19
Senior Member
Join Date: Jan 2004
Location: Columbia IL/St. Louis MO
Posts: 2,748
Maybe a FD is not the car for you?
If you can't even get the loan, imagine what your insurance would be. You would be paying probably 350+. With an accident on record,being young driver and new driver. I don't know if you are married or single,divorced, blah blah. But your insurance payments are gonna be a raping of the *** with the giant insurance *****.
Insurance companies look at it like this: "young kid, twin turbo sports car that is 11 years old?" ALRIGHT, gonna make a killing on him!
But I wish ya the best of luck though. Why not go with a TII? You buy one running, and do some modifications you can hang with a FD.Stock that is, and only through the twisties.
Check out Jims5543 TII that he just acquired. That thing is sweet. AND WHITE, the best color.
Good luck.
If you can't even get the loan, imagine what your insurance would be. You would be paying probably 350+. With an accident on record,being young driver and new driver. I don't know if you are married or single,divorced, blah blah. But your insurance payments are gonna be a raping of the *** with the giant insurance *****.
Insurance companies look at it like this: "young kid, twin turbo sports car that is 11 years old?" ALRIGHT, gonna make a killing on him!
But I wish ya the best of luck though. Why not go with a TII? You buy one running, and do some modifications you can hang with a FD.Stock that is, and only through the twisties.
Check out Jims5543 TII that he just acquired. That thing is sweet. AND WHITE, the best color.
Good luck.
04-13-2004, 08:42 PM
#20
Senior Member
Join Date: Oct 2003
Location: Chattanooga
Posts: 175
I got mine @ 19 by letting the bank take out a loan on my car...they hold the title...I get a new car. of course that wont work if you dont have a car right now. did you get money from the accident...you should have...or did you ahve to pay off the mustang?
Sean
Sean