Credit Union and Financing

Minsu · 03-20-2013, 12:34 PM

ok so i have my downpayment money 13-15k now i need someone to finance me for 12-15k im just turning 22 with no credit history anyone have indepth knowledge here? i need someone who will approve me without humping me when it comes to interest rates. im willing to go like 8-11% on interest with the amount loan, im gonna pay for the car within a year or year and a half. any help would be awesome as soon as i have the money im gonna be getting the car in terms of financing.

nepali · 03-20-2013, 12:37 PM

Quote:

Originally Posted by Minsu

ok so i have my downpayment money 13-15k now i need someone to finance me for 12-15k im just turning 22 with no credit history anyone have indepth knowledge here? i need someone who will approve me without humping me when it comes to interest rates. im willing to go like 8-11% on interest with the amount loan, im gonna pay for the car within a year or year and a half. any help would be awesome as soon as i have the money im gonna be getting the car in terms of financing.

Maybe your old thread will have some answer: Financing Questions Please Read If you CAn help...

homeryansta · 03-20-2013, 12:43 PM

Penfed.org

Minsu · 03-20-2013, 12:43 PM

this thread is more on point in terms of i need a specific loaner/company/ whos known to give it to the younger crowd. in terms of building credit, if i want the car within 3 months i cant build credit to a place where it would give me such a loan but im sure someone out there is willing to give me a loan for said amount without credit history

Leuz · 03-20-2013, 12:44 PM

Quote:

Originally Posted by nepali

Maybe your old thread will have some answer: Financing Questions Please Read If you CAn help...

Minsu · 03-20-2013, 12:47 PM

ok ill check penfed now

Stolly08 · 03-20-2013, 12:50 PM

13-15k downpayment... that's a hefty sum... you have alot of power with that kind of dp and don't let them screw you when you go in... and don't afraid to threaten that you're not afraid to leave and go elsewhere! That's people's biggest problem they just bend over... I'd say goto a credit union... that's who financed me on my first loan for 7% with only a 2k dp. I don't live in NJ so it's hard to tell you where to go and who to steer clear of... GL!

Minsu · 03-20-2013, 12:52 PM

hmm i c. well the thing is ive told dealers that ill put down 15k there like, it doesnt matter if i cant get financed for the rest and they said that they wouldnt be able to finance me for lets say any more than 10k. so im at a loss here i must have called 5-6 dealers in regards of financing and they all told me the same thing. either higher my downpayment or forgettabout it. so im gonna get the loan and my DP for a total of i would hope 27-29k and just walk in with that and see what they can do for me. and then just spend the next year and a half paying 750-850 a month on the 12-14k finance and pay it off fast so i dont get butt hurt on interest

nepali · 03-20-2013, 12:55 PM

Quote:

Originally Posted by Minsu

hmm i c. well the thing is ive told dealers that ill put down 15k there like, it doesnt matter if i cant get financed for the rest and they said that they wouldnt be able to finance me for lets say any more than 10k. so im at a loss here i must have called 5-6 dealers in regards of financing and they all told me the same thing. either higher my downpayment or forgettabout it. so im gonna get the loan and my DP for a total of i would hope 27-29k and just walk in with that and see what they can do for me. and then just spend the next year and a half paying 750-850 a month on the 12-14k finance and pay it off fast so i dont get butt hurt on interest

Why not buy a used one that's cheaper and within your range? Also, don't forget to factor in your insurance (you are under 25) and gas cost.

Minsu · 03-20-2013, 12:57 PM

i picked up a job Just for the car in its entirety its only 1.4-1.5k a month but easy job and more than enough for the car imo

Minsu · 03-20-2013, 12:57 PM

and im looking used right now cant afford new

dP3NGU1N · 03-20-2013, 01:00 PM

What is wrong with you? You create like 5 different threads on the same **** every other month. Your first thread has all the answers you need.

1. join a credit union and build your credit for 6 mos
2. get a cosigner

MJB · 03-20-2013, 01:01 PM

You are probably going to need a co-signer.. To a bank you are considered high risk with no credit history, your age and income.

Minsu · 03-20-2013, 01:05 PM

Quote:

Originally Posted by dP3NGU1N

What is wrong with you? You create like 5 different threads on the same **** every other month. Your first thread has all the answers you need.

1. join a credit union and build your credit for 6 mos
2. get a cosigner

dP3NGU1N · 03-20-2013, 01:08 PM

You created the other thread 7 months ago. If you had started doing something with your credit back then you would have had the credit to get a loan for your car by now. I predict in 3 months we're going to see another thread on loans from you.

03-20-2013, 12:34 PM	#1 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	Credit Union and Financing ok so i have my downpayment money 13-15k now i need someone to finance me for 12-15k im just turning 22 with no credit history anyone have indepth knowledge here? i need someone who will approve me without humping me when it comes to interest rates. im willing to go like 8-11% on interest with the amount loan, im gonna pay for the car within a year or year and a half. any help would be awesome as soon as i have the money im gonna be getting the car in terms of financing.

03-20-2013, 12:43 PM	#3 (permalink)
homeryansta Enthusiast Member Join Date: Apr 2011 Location: Brooklyn Park, MN Posts: 424 Drives: 04 se-r spec v, 370z Rep Power: 14	Penfed.org __________________

03-20-2013, 01:00 PM	#12 (permalink)
dP3NGU1N A True Z Fanatic Join Date: Feb 2011 Location: Irvine Posts: 1,682 Drives: 13 PW sport 6mt Rep Power: 18	What is wrong with you? You create like 5 different threads on the same **** every other month. Your first thread has all the answers you need. 1. join a credit union and build your credit for 6 mos 2. get a cosigner enkei2k and Leuz like this.

03-20-2013, 01:01 PM	#13 (permalink)
MJB A True Z Fanatic Join Date: Aug 2011 Location: Tacoma, WA Age: 41 Posts: 1,498 Drives: a POS truck Rep Power: 496	You are probably going to need a co-signer.. To a bank you are considered high risk with no credit history, your age and income. __________________ 09 Nismo #0483 sold. Viper or C7 next time around.

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03-20-2013, 12:43 PM	#4 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	this thread is more on point in terms of i need a specific loaner/company/ whos known to give it to the younger crowd. in terms of building credit, if i want the car within 3 months i cant build credit to a place where it would give me such a loan but im sure someone out there is willing to give me a loan for said amount without credit history

03-20-2013, 12:47 PM	#6 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	ok ill check penfed now

03-20-2013, 12:50 PM	#7 (permalink)
Stolly08 Base Member Join Date: Feb 2013 Location: Atlanta Posts: 75 Drives: 2007 Nissan 350z Rep Power: 12	13-15k downpayment... that's a hefty sum... you have alot of power with that kind of dp and don't let them screw you when you go in... and don't afraid to threaten that you're not afraid to leave and go elsewhere! That's people's biggest problem they just bend over... I'd say goto a credit union... that's who financed me on my first loan for 7% with only a 2k dp. I don't live in NJ so it's hard to tell you where to go and who to steer clear of... GL!

03-20-2013, 12:52 PM	#8 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	hmm i c. well the thing is ive told dealers that ill put down 15k there like, it doesnt matter if i cant get financed for the rest and they said that they wouldnt be able to finance me for lets say any more than 10k. so im at a loss here i must have called 5-6 dealers in regards of financing and they all told me the same thing. either higher my downpayment or forgettabout it. so im gonna get the loan and my DP for a total of i would hope 27-29k and just walk in with that and see what they can do for me. and then just spend the next year and a half paying 750-850 a month on the 12-14k finance and pay it off fast so i dont get butt hurt on interest

03-20-2013, 12:57 PM	#10 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	i picked up a job Just for the car in its entirety its only 1.4-1.5k a month but easy job and more than enough for the car imo

03-20-2013, 12:57 PM	#11 (permalink)
Minsu A True Z Fanatic Join Date: Jul 2012 Location: New Jersey Posts: 1,401 Drives: 2013 MidBlue 370Z 6M Rep Power: 24	and im looking used right now cant afford new

03-20-2013, 01:08 PM	#15 (permalink)
dP3NGU1N A True Z Fanatic Join Date: Feb 2011 Location: Irvine Posts: 1,682 Drives: 13 PW sport 6mt Rep Power: 18	You created the other thread 7 months ago. If you had started doing something with your credit back then you would have had the credit to get a loan for your car by now. I predict in 3 months we're going to see another thread on loans from you.