View Single Post
Old 06-01-2015, 08:52 AM   #30 (permalink)
mishuko
A True Z Fanatic
 
mishuko's Avatar
 
Join Date: Jul 2014
Location: bouncin on tigga
Posts: 8,062
Drives: '12 Z
Rep Power: 9435
mishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond reputemishuko has a reputation beyond repute
Default

you will pay a higher interest rate on a used car than a new car.

For example my dad got a new is350 and is paying in his 4 year finance the same amount i'm paying in 1 (YES ONE) year of interest. and his car was more expensive MSRP.

That said, 10% is way too much. I'd try to artificially boost your credit score. IE: if you pay 500 bucks a month on your CC / loans, do it twice a month 250/pop. It will inflate it a bit but not much. Maybe enough to make the difference.

Worst of all though, don't over extend yourself. And if you plan on overextending for your car I would seriously look at cutting back on other aspects of your lifestyle to not go into an endless spiral of debt.
mishuko is offline   Reply With Quote