Question about buy a car

Cheri said:
What about the first time buyer plan?

When I first purchased a brand new car when I was 22 years old, they allow me to go for the first time buyer plan without a co-signer, but you'll have to put at least $3,000.00 down, depends on how much is the car.
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I asked bank teller about it in last week ago and they said that they don't offers like that.
 
Foxrac said:
I forgot to mention about my post, I did let aunt to sign the co-sign yesterday and got denied too since she has great credit score.

I'm thinking about try different bank or other dealers.

It has something with credit crunch or bad economy?
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Try a good credit union, they generally have lower interest rates and maybe have better chance of approving the loan with a co signer. Don't get a loan from a dealer because you don't have the choices of your own. If you find a car you like, go to a bank and request a loan. Just skip the dealer's financing crap that will try to squaggle you around it. Also, if you get a loan from ur own choice, they sometimes will force to lower the loan to the reasonable value of the car and dealer will have no choice at all.
 
Banks is losing money on bad loans, that is why they have tighten the loan approval rules making it harder for these with less than perfect credit rating.

Your not alone, alot people nowadays are having trouble getting loans, that is why dealer couldn't sell as many cars as they used to be. 4 years ago, it was very easy to get loan EVEN if a person have bad credit, not anymore.


Foxrac said:
I forgot to mention about my post, I did let aunt to sign the co-sign yesterday and got denied too since she has great credit score.

I'm thinking about try different bank or other dealers.

It has something with credit crunch or bad economy?
Click to expand...
 
sequoias said:
Try a good credit union, they generally have lower interest rates and maybe have better chance of approving the loan with a co signer. Don't get a loan from a dealer because you don't have the choices of your own. If you find a car you like, go to a bank and request a loan. Just skip the dealer's financing crap that will try to squaggle you around it. Also, if you get a loan from ur own choice, they sometimes will force to lower the loan to the reasonable value of the car and dealer will have no choice at all.
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That's what we tried at credit union bank and got denied, they got good deal, such as low interest rate and fully financing.

I'm thinking about something. :hmm:

Thanks for advance helping.
 
diehardbiker said:
Banks is losing money on bad loans, that is why they have tighten the loan approval rules making it harder for these with less than perfect credit rating.

Your not alone, alot people nowadays are having trouble getting loans, that is why dealer couldn't sell as many cars as they used to be. 4 years ago, it was very easy to get loan EVEN if a person have bad credit, not anymore.
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Yup, I'm realized, even I had heard about some people who has good credit history are still get deny for any reason.

Bank isn't fun place.
 
No, foxrac, its America, right now America sux big time for credits, because their priority is to get out of the debt abyss. Sux to be you americans ha ha ha
 
Grummer said:
No, foxrac, its America, right now America sux big time for credits, because their priority is to get out of the debt abyss. Sux to be you americans ha ha ha
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Thanks for ignorant comment. :roll:
 
Foxrac said:
That's what we tried at credit union bank and got denied, they got good deal, such as low interest rate and fully financing.

I'm thinking about something. :hmm:

Thanks for advance helping.
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Hmmm, that sucks. Damn them banks.
 
Foxrac said:
Thanks for ignorant comment. :roll:
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lol, sowwy buddy, just teasing , yeah its not just america having a hard time, but over there (USA) is really getting hit hard. But what pisses me off its the the reall rich guys are so fucking greedy those CEOs' CFOs', and the like get paid like millions doing fucking nothing but yap on the phone telling people what to do, and getting all the company's perks, free trials on latest luxury cars, free tasting (usually as 'corporates perks' as in a free bottle of Moet champagnes, even Johnnie Walkers blue labels so and yeah im not fucking impressed. So just when the company's accountants begine to realise that can no longer pay for those perks they decide to declare the firm BROKE!, i mean like WTF. This is so much for 'promotional incentives, its costing US, (not usa) 'i mean us against them' fucking fortunes and as to them, fucking wankers!!
I am actually quite sorry about this. I didnt mean to be real mean, im not like that, its just real rough i know.
Cheers
 
Maybe you could start saving up and buy car in full cash. You could probably get late 90's car for less than $4,000 as long it's in good condition.
 
Odd. My friend who bought 1996 Honda Civic Hatchback 212,000 milesage in last week. He just loan the money from bank. It's cost almost $2,000 but it's 40mpg. So we tested everything for his car and everything looks good. No idea why your banks dont like you.
 
Foxrac said:
I decide to forget about VW Jetta because of not want deal with high maintenance cost.

I'm looking for some varies cars, such as Chevy Impala, Dodge Avenger, Dodge Stratus, Ford Focus (after 2008), Honda Civic and few more, additional I just want be less than 50,000 miles as well.
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I spent last two days in north Orlando for my mustang's service at a Ford dealership, and they loaned me a rental car, 2008 Ford Focus (red) for free while my car was being served there.

FYI: I don't like Focus - it sucks, for your information!

It had 27k miles on it... quite lot for a 2008 car, I know. Its body looks neat and like its dashboard esp the lights on the gauges...

its engine had a major damage (how? duh) but was just fixed before I drove it that the rental agent told me so. It still sounds quite funny driving it. Wish I asked him what the problem was but it was in the engine... only 27k! hmm

Overall, I would say that the Focus is bit less than okay, really so I would not recommend it for you.

Keep looking for a good one and good luck, Foxrac!
 
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