Question for all u financing guru's! If I put 15000 cash down on a car that costs 22000....?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
and the blue book is 25000 is it likely that a bank or auto financing co will finance the rest even though I have bad credit? I'm recovering from a messy divorce. Also, I'm familiar with the high enterest loans and car lots that will finance anyone but I refuse to fall victum to these guys. I'd rather not by anything than pay 20% interest or twice what the vehicle is worth! Anywho...any advice would be greatly appriciated! Thank you sooo much!
P.S. I've been at my job for 3 yrs, make above average for a admin assist in AR and have a home loan that was established before my divorce, if that matters.
Question for all u financing guru's! If I put 15000 cash down on a car that costs 22000....?Seriously, a car is never a good investment. You always lose value on it quickly and most people often end up owing more than they are worth. This makes it hard if you find you can't afford the payments, and then you can't sell it to get out from under it.
My advice would be to buy a less expensive used car and skip the monthly payment. You have more than enough money to find what you want for less. Try www.cars.com to see how much that car is selling for in your area, and you may find the same car at another dealership for less and still get a warranty on it. This website will also give you the specs on the car, things like how many miles per gallon. Dealers often lie about this, but on the cars website, it's all there for you to see ahead of time.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.