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Author
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Topic: need help with loans
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gt chris
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Member # 9512
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posted
 
 
anyonee noe a place that do auto loans not like the big banks like first time buyers is anyone here works at a small dealer that can help me out that would be great thank
Posts: 199 | Registered: Oct 2009
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Yaterstang
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Member # 7659
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posted
Buy here pay here is a trap. Try getting cudl approved or drive a beater until you can be more financially stable
Posts: 2968 | From: Natomas | Registered: May 2007
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gt chris
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Member # 9512
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posted
quote:
Originally posted by Yaterstang:
Buy here pay here is a trap. Try getting cudl approved or drive a beater until you can be more financially stable
i have no credit
Posts: 199 | Registered: Oct 2009
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wilit
Mustang Messiah
Member # 3367
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posted
quote:
Originally posted by G.T. chris:
i have no credit
Prepare to take it in the shorts like the rest of us did. Unless you can get someone to co-sign for you, expect to pay double digit interest rates.
Shoot, I've been at Wells Fargo for 18 years, gotten several loans and always paid them off early. I own a house, and with my wife's income we make a good deal of money. They freakin' denied me a student loan. Good luck.
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"If a man hasn't found something worth dying for, he isn't fit to live." - Martin Luther King Jr.
Posts: 4793 | From: 37.78514° North 122.40100° West | Registered: Oct 2003
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gt chris
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Member # 9512
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posted
quote:
Originally posted by wilit:
quote:
Originally posted by G.T. chris:
i have no credit
Prepare to take it in the shorts like the rest of us did. Unless you can get someone to co-sign for you, expect to pay double digit interest rates.
Shoot, I've been at Wells Fargo for 18 years, gotten several loans and always paid them off early. I own a house, and with my wife's income we make a good deal of money. They freakin' denied me a student loan. Good luck.
man that sucks what can doo
Posts: 199 | Registered: Oct 2009
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Blind
2.3L
CAFords OG
Member # 3052
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posted
get a prepaid credit card, then a low limit credit card, run the low limit credit card up to max (like $500) pay the minimum for a month or 2, then pay it off, raise the limit, do this a few times and you'll build your credit.
I didn't know what mine was until I got my truck last year, never had a loan, just 1 credit card with a low limit that I started out from $200 and was up to $7500 at the time. Credit score was 740, once I pay my truck off next year hopefully it will be even better ![[dance]](graemlins/dance.gif)
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89 LX Notchback ex 4cyl, 14psi
02 Harley F150, 15psi
Posts: 8521 | From: Fairfield | Registered: Jul 2003
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Gnari-Garage
CAFords OG
Member # 3164
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posted
If you have no credit then you would qualify for a first time buyer program through safe/ golden one etc. But if you have anything bad on your credit then your not a first time buyer, so I would get a co-signer. Your last choice is to buy a basic cheap car put good down and do a Bhph ( it sucks high interest only2-3 year loan so high payments).
Your best bet would be is to buy a cheap car put good down payment and try to get financed, if the dealer can't finance you then don't buy unless you need a car then do a Bhph
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2017 McLaren 570GT
2019 Audi S5
2017 Tundra 7" Lift, 37" Tires
Posts: 4017 | From: 916-sacramento | Registered: Aug 2003
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gt chris
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Member # 9512
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posted
quote:
Originally posted by NavidR:
If you have no credit then you would qualify for a first time buyer program through safe/ golden one etc. But if you have anything bad on your credit then your not a first time buyer, so I would get a co-signer. Your last choice is to buy a basic cheap car put good down and do a Bhph ( it sucks high interest only2-3 year loan so high payments).
Your best bet would be is to buy a cheap car put good down payment and try to get financed, if the dealer can't finance you then don't buy unless you need a car then do a Bhph
i have my 98 gt but still to sloww
Posts: 199 | Registered: Oct 2009
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SydeWaySix
CAFords OG
Member # 3596
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posted
Dude chris... I'd be more concerned about your credit/money situation rather than your car being slow. I'm just saying...
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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.
Posts: 9882 | From: Bay Area | Registered: Dec 2002
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Yaterstang
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Member # 7659
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posted
If you want to go fast, f a car, buy a motorcycle!
Posts: 2968 | From: Natomas | Registered: May 2007
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venomous99
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Member # 1917
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posted
what got me ahead in life was doing cash advances on high rate credit cards...whats 20% interest when u got cash money to play with and can worry about the consequences later.
Posts: 4811 | From: dc | Registered: Oct 2002
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gt chris
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Member # 9512
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posted
Im just tierd of putting money into this car i just want something fast unless anyone wants to trade with cash on top
Posts: 199 | Registered: Oct 2009
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FRC_Kid
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Member # 8940
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posted
quote:
Originally posted by G.T. chris:
Im just tierd of putting money into this car i just want something fast unless anyone wants to trade with cash on top
I was in the same situation as you not to long ago.. this is what happened.. went to a dealership to go look at a 98' cobra with a kenne bell on it.. loved the car, set my heart on it. next day went to check out an 01' bullit. did all the paperwork. dealer sold the car under my nose. I took that as a sign and didn't get eithier car. just kept buildg the 95 and been happy ever since.. just build your car.
but I do want an 03' cobra ![[Big Grin]](biggrin.gif)
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Pretend Racecar Driver- C5 FRC
Ford, GM, & Dodge is what I'm all about
Posts: 2578 | From: All over the Peninsula | Registered: Feb 2009
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SydeWaySix
CAFords OG
Member # 3596
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posted
I'll trade you my Cobra Faleen with $9k on top ![[Wink]](wink.gif)
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2013 Boss 302 #356. Performance White. Stock.
1965 Fastback GT Restored to stock spec.
Posts: 9882 | From: Bay Area | Registered: Dec 2002
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Blind
2.3L
CAFords OG
Member # 3052
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posted
quote:
Originally posted by G.T. chris:
Im just tierd of putting money into this car i just want something fast unless anyone wants to trade with cash on top
Stop putting money into it, put the money in the bank.
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89 LX Notchback ex 4cyl, 14psi
02 Harley F150, 15psi
Posts: 8521 | From: Fairfield | Registered: Jul 2003
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50 Deep
Jockin 03 Cobras
Member # 6216
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posted
Be patient man. Stack your money and get a good down payment saved up. Also start building your credit in a smart way that's going to make you financially stable in the future. Some low balance credit cards to run up then pay off will get you started in the right direction. Jumping into a hefty payment is a big commitment also. 200-400 a month, every month, for years is a long time and a lot of money you HAVE to pay. And if you don't have a lot of credit I'm also guessing you don't have a long driving record which means higher insurance and fuel costs for a fast car. Sit down and do the math to figure out what you can afford and go from there.
Taking over payments on a car is also contingent upon you being approved by a bank to take over those loan payments. Its based on your credit, not that of the seller.
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Signature Wheel Ford Representative
Email: Terrance@Signaturewheel.com
Instagram: @Signature_Wheel_Mustang
Web: www.SignatureWheel.com
Posts: 6043 | From: sacramento | Registered: Nov 2005
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50 Deep
Jockin 03 Cobras
Member # 6216
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posted
FYI if you really want to get a fast car you should look into promotional opportunities in your workplace or field that will pay you more money. That's the real way to get what you want and advance yourself.
"Everytime they make a whip you like your chips ain't right. By the time you can afford it, the car ain't important." - Nas
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Signature Wheel Ford Representative
Email: Terrance@Signaturewheel.com
Instagram: @Signature_Wheel_Mustang
Web: www.SignatureWheel.com
Posts: 6043 | From: sacramento | Registered: Nov 2005
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50Reasons
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Member # 6452
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posted
quote:
Originally posted by Blind:
quote:
Originally posted by G.T. chris:
Im just tierd of putting money into this car i just want something fast unless anyone wants to trade with cash on top
Stop putting money into it, put the money in the bank.
+1 ![[patriot]](graemlins/patriot.gif)
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50Reasons Car Club President
Daniel/50Reasons
http://youtu.be/n_UkDg_F4MQ
https://youtu.be/066xRvxKy-g
Posts: 9483 | From: Sacramento Ca | Registered: Jan 2006
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SnakeBit
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Member # 8871
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posted
quote:
Originally posted by SydeWaySix:
Dude chris... I'd be more concerned about your credit/money situation rather than your car being slow. I'm just saying...
+100000000
If you cant afford it with cash don't get it. I learned the hard way, you've been warned. Join a Credit Union, they will help you establish a credit history.
good luck
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91 Coupe full M/M suspension
Maier WideBody
331 356 RWHP 357 RWTQ
Tuned by TPS MotorSports
Posts: 2707 | From: Fremont | Registered: Jan 2009
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gt chris
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Member # 9512
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posted
so this is whats going on i make 1200 monthly still owe money on my 98 so imma pay it off asap during that time i will just go for look it has xpipe 75mm tb flows with saleens so imma pay that off by thaT time ill build credit (good 6 -7) months then go get an 03 cobra ?
Posts: 199 | Registered: Oct 2009
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gt chris
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Member # 9512
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posted
so this is whats going on i make 1200 monthly still owe money on my 98 so imma pay it off asap during that time i will just go for look it has xpipe 75mm tb flows with saleens so imma pay that off by thaT time ill build credit (good 6 -7) months then go get an 03 cobra ? and keep two cars and im 18 lol ahah but im willing to trade for a 93-98 cobra just because 5.0s are cheaper to build or anyone have advice?
Posts: 199 | Registered: Oct 2009
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92stangLX
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Member # 3252
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posted
quote:
Originally posted by G.T. chris:
so this is whats going on i make 1200 monthly still owe money on my 98 so imma pay it off asap during that time i will just go for look it has xpipe 75mm tb flows with saleens so imma pay that off by thaT time ill build credit (good 6 -7) months then go get an 03 cobra ? and keep two cars and im 18 lol ahah but im willing to trade for a 93-98 cobra just because 5.0s are cheaper to build or anyone have advice?
If you only make $1200 a month then I would pay off the car, start saving for a new one, and pay cash for it. Car payments are major financial traps that you want to avoid at all costs.
If you have no credit and want to build credit then get a low limit credit card, use it to pay for groceries and gas, then pay it off EVERY MONTH.
Food for thought
Posts: 5302 | From: San Francisco | Registered: Sep 2003
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gt chris
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Member # 9512
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posted
quote:
Originally posted by 92stangLX:
quote:
Originally posted by G.T. chris:
so this is whats going on i make 1200 monthly still owe money on my 98 so imma pay it off asap during that time i will just go for look it has xpipe 75mm tb flows with saleens so imma pay that off by thaT time ill build credit (good 6 -7) months then go get an 03 cobra ? and keep two cars and im 18 lol ahah but im willing to trade for a 93-98 cobra just because 5.0s are cheaper to build or anyone have advice?
If you only make $1200 a month then I would pay off the car, start saving for a new one, and pay cash for it. Car payments are major financial traps that you want to avoid at all costs.
If you have no credit and want to build credit then get a low limit credit card, use it to pay for groceries and gas, then pay it off EVERY MONTH.
Food for thought
lol any good banks ??
ttt
Posts: 199 | Registered: Oct 2009
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Yaterstang
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Member # 7659
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posted
1200 a month, thats bullshit. you can get more money and an education if you just go to college and get student loans. i've got friends that get a big ass check every couple months and it pays for school, food, rent everything. get an education first and dont become someone's slave for a POS car payment.
Posts: 2968 | From: Natomas | Registered: May 2007
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gt chris
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Member # 9512
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posted
quote:
Originally posted by Yaterstang:
1200 a month, thats bullshit. you can get more money and an education if you just go to college and get student loans. i've got friends that get a big ass check every couple months and it pays for school, food, rent everything. get an education first and dont become someone's slave for a POS car payment.
enroled in college lol start monday both my older sisters have their masters they make a good 7gs monthly lol i gonna be a mechanic so yeah school for me then imma be a cop haha dnt hate people
Posts: 199 | Registered: Oct 2009
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