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Smart Shopper Questions About Financing New Vehicles
2253 messages, Last post on Nov 18, 2009 at 12:07 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: metroins (Feb 05, 2009 1:11 pm) First, I'd look at something cheaper. Second, you are gonna need some downpayment money. Third, I'd try to get pre-qualified w/ a lender like Capital One, or maybe a local credit union. Or try Toyota or Honda. No matter what, you gonna get raked over the coals on the rate, but there isn't anything you can do about that.
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Replying to: volvomax (Feb 05, 2009 3:30 pm) |
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I'm looking at buying a new car. Here's my situation. I filed bankruptcy almost 10 years ago. The bankruptcy will come off of my credit history in June. My credit score right now is 734. Is it going to make much difference if I wait until July for that bankruptcy to clear on my credit report when applying for a loan? Will my score go up much? I'm just trying to decide whether to buy now or wait until July. Thanks for the help ahead of time.
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Replying to: cliffsr (Mar 14, 2009 4:57 pm) Yeah, the number will go up when the bankruptcy is gone but you are in good territory already. |
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Replying to: cliffsr (Mar 14, 2009 4:57 pm) However, if you stick w/ the captive lenders you should be ok. |
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Here is my situation. I am looking to buy a new or relatively new used car in the next couple months. I have no income currently, but i have enough savings to put down a decent down payment and make any reasonable monthly payments until I have a source of income. I just graduated from med school and will be a gainfully employed physician starting june 22nd, but until then i have no income. When i was in med school i tried to buy a car but was turned down because i had no proof of income even though i had enough savings for a down payment and any monthly payments. So will the fact that i am now graduated and have a contract starting june 22nd make a difference or will i have to wait until i start working. Id prefer not to wait since i actually have time to look now but wont have much time once i start working. Thanks. |
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Replying to: bamadawg4 (Mar 28, 2009 1:52 pm) |
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Replying to: bamadawg4 (Mar 28, 2009 1:52 pm) Just a thought, but is there anything so pressing that you can't wait just three months? You could spend the time in between deciding exactly what you want so it will take practically no time at all in making the actual purchase. tidester, host SUVs and Smart Shopper
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Replying to: tidester (Mar 28, 2009 7:22 pm)
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Replying to: bamadawg4 (Mar 29, 2009 1:30 pm) That would be a strong incentive to shop now!  tidester, host SUVs and Smart Shopper |
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