Sign In Join 

You are here: [F] Forums / Smart Shopper / Questions About Financing New Vehicles



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

What is this discussion about? Car Financing


Messages Page 222 of 227
1
...
219
220
221
222
223
224
225
...
227
Prev
Next
Last
Go To Msg #
Search This Discussion

#2202 of 2253
Re: Can i get financing? [bamadawg4] by lrguy44
Mar 28, 2009 (2:19 pm)
Reply

Replying to: bamadawg4 (Mar 28, 2009 1:52 pm)

Before the current credit crunch, with decent credit, down payment and an employment contract in hand financing would not be a problem. I have not had that situation arise recently, but I would do your looking and if you find the vehicle of choice, go for it. The worst they can say is no.
#2203 of 2253
Re: Can i get financing? [bamadawg4] by tidester HOST
Mar 28, 2009 (7:22 pm)
Reply

Replying to: bamadawg4 (Mar 28, 2009 1:52 pm)

starting june 22nd
 
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
#2204 of 2253
Re: Can i get financing? [tidester] by bamadawg4
Mar 29, 2009 (1:30 pm)
Reply

Replying to: tidester (Mar 28, 2009 7:22 pm)

I could wait until i actually start working, i would just prefer not to do that. I am basically on vacation from now until then so i have pretty much nothing to do right now. Add that to the fact that the rear end of my car would like to fall off at any time now. Once i start working i'll be working 6 days a week and my day off will be spent sleeping/studying.
#2205 of 2253
Re: Can i get financing? [bamadawg4] by tidester HOST
Mar 29, 2009 (5:45 pm)
Reply

Replying to: bamadawg4 (Mar 29, 2009 1:30 pm)

the rear end of my car would like to fall off at any time now
 
That would be a strong incentive to shop now!
 
tidester, host
SUVs and Smart Shopper
#2206 of 2253
Re: Can i get financing? [bamadawg4] by volvomax
Mar 30, 2009 (9:26 am)
Reply

Replying to: bamadawg4 (Mar 28, 2009 1:52 pm)

Assuming that you currently have good credit,and aren't attempting to borrow a large sum of money and you have a verifiable job coming soon,you should be able to get a loan.
Just be upfront with the dealer when you go shopping.
#2207 of 2253
Re: Can i get financing? [bamadawg4] by joel0622
Apr 03, 2009 (11:49 am)
Reply

Replying to: bamadawg4 (Mar 28, 2009 1:52 pm)

You need a "Intent to Hire" letter from you soon to be employer. It needs to state:
 
1. Hire date
 
2. Position hired for
 
3. Full or part time
 
4. Starting Salary
 
5. Point of contact
 
Take that, a copy of your college degree, and a copy of your checking and savings account statement. Assuming you have any type of decent credit with at least a 640 score any Finance guy worth half of his salary can get that deal done at the captive.
 
Are you in Georgia?
#2208 of 2253
Re: Chrysler Financial [lrguy44] by zuckerbr
Apr 15, 2009 (9:00 am)
Reply

Replying to: lrguy44 (Aug 17, 2007 8:24 am)

I'm looking at a Chrysler, and the dealer offers a lower price if I finance through them (at a very high rate). I'd rather pay cash, so the dealer says I can take their financing, they pay it off after one month - with no prepayment penalty.
 
Does anybody have experience with this? Is it true?
#2209 of 2253
Re: Chrysler Financial [zuckerbr] by lrguy44
Apr 15, 2009 (10:00 am)
Reply

Replying to: zuckerbr (Apr 15, 2009 9:00 am)

I would run, not walk to aother dealer. First of all, the price should be the same for cash or finance. Secondly, he is trying to make his penetration and flat fee from the bank. If you must finance, check out your local banks and/or credit unions first. The rate may be lower.
#2210 of 2253
Re: Chrysler Financial [lrguy44] by zuckerbr
Apr 15, 2009 (10:17 am)
Reply

Replying to: lrguy44 (Apr 15, 2009 10:00 am)

Actually, I would prefer to pay cash.
But he's offering $1000 lower price if I take that financing deal.
Why do I care what he makes from the bank?
My question really comes down to whether it's true that I can pay off the loan immediately without additional costs (other than one month's interest).
 
The fact is, most of the dealers on LI running advertisements require this kind of deal to get the advertised price.
#2211 of 2253
Re: Chrysler Financial [zuckerbr] by lrguy44
Apr 15, 2009 (10:42 am)
Reply

Replying to: zuckerbr (Apr 15, 2009 10:17 am)

They must be getting dealer cash to do a finance deal. Here in Colorado, all finance deals are simple interest with no prepayment or over payment penalties. Make sure that applies in you deal - read all the fine print. You will pay a daily interest (called per diem) for each day you have the loan. At a high interest rate this could be costly. Find out what that daily rate would be.
If it is a better deal and you have no prepayment/over payment penalties and can live with the daily rate, then do the deal.

Messages Page 222 of 227
1
...
219
220
221
222
223
224
225
...
227
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

You are here: [F] Forums / Smart Shopper / Questions About Financing New Vehicles

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement