MODERATORNeed help navigating? [email protected] - or send a private message by clicking on my name.Share your vehicle reviews
I'd be interested to know how this works
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Then again she has good income, the same job for 6 years, and has been perfect since her BK. Still I was surprised we got her done at zero with out more down.
Just for some perspective...
Aprox 23,100 OTD
Is perspective needed? I was shocked we got her zero percent so easily. Usually that close to BK with a repo is special finance territory without massive (30-40%) down.
I'm not surprised it's a VUE and not something a bit more practical. I guess some people never learn.
I mean, your wife might take a new job and decide she hates the place?
Or maybe she won't make it through her probationary period?
Roving Host & Future Vehicles Host
Need help navigating? [email protected] - or send a private message by clicking on my name.
Share your vehicle reviews
Now I know I shouldn't ask this. I know that somehow I'm missing something somewhere and am going to look like an idiot. I am sure I am making a major mistake in even posting this but I can't help myself.....
"found out that AHFC will approve my fiancee for 4.99% 60mo on a new car... she has a recent collection on her credit and 2 30+ OD thats recent... (and her FICO is almost as good as mine) sheesh. Then again, she has no debt."
Given the collection and teh 2 30+ OD's recent.... How the heck does she have no debt??!!?!
Win the lottery? Rich uncle die?
I am just not cut out for a career in finance...
BTW, yup 30+ is 30+ days overdue. Credit bureau tracks these.
I seem to go through this in cycles. I learn and then I forget. But I keep paying the bills. They just LOVE that!
Cliffy - what the heck's a "Drek"?
2017 Accord Sport CVT Mod Steel Metallic
I agree that anybody with decent credit could've got the Camry for $380 a month. That is way too much for a Corolla. How much was it for an Echo? How about a Matrix?
-That Corolla probably has less than $1000 markup in it between invoice and MSRP.
-The Corolla is a good seller at the moment, no reason to give them away. You're competing against another customer already on the "one" they have.
-There is probably a $250-1000 fee involved for the dealer. Yep, when your credit sucks, sometimes the dealer has to pay someone to loan you the money. Should the dealer absorb this cost because of your financial history?
If you had negotiated price first, you would have been dissapointed to find out that the dealer probably wouldn't have sold you the car. You're going to end up with the same thing at Honda, I'm afraid. Your best bet would be to try and find your own financing, THEN you might have some negotiating room on the price. Oh? Wait, you can't find financing? Gee.
What happened to the $3-4000 you were going to put down to assure that you would never be upside down on the loan? Those payments sound like they're in "no money down" territory.
I'm not begrudging you for the BK, believe me, but your attitude is really something. Be thankful that you CAN buy a new car, take your lumps, and move on.
Drek = a credit challenged buyer.
not that this makes too much sense or anything
He has been given this same sage advise many many times.
Its very interesting and informative. If someone is going to be in this situation in the future, its a great read.
I own a family daycare and want to eventually build a large center.Being "nice" to parents that paid late took its toll on us.I now have great clients and a backbone!!I need a van for business purposes.
We qualify for the Xplan through my husbands work. I'm scared to death to return the camry and get shot down on another vehicle.I could keep the camry and save for a used van.I've just not been lucky with my choices now and want to get back on track as soon as possible.Should I return the camry? If I return it will I be able to find another? I don't like the idea of not paying what I owe, but the last 4 years have been hell.A person can only try so much before they throw in the towel.Should I return it and buy a used van?Keep it and buy a new ? HELP!!
You owe 14,5 on a 97 base Camry? talk about upside-down... just curious, but how did this come about?
Honestly, IMHO, you are waaayy over your head on the camry. If you cn live w/ one vehicle, my suggestion would be to trade in the camry for another vehicle.. What kind of van? MINIVAN? If so, perhaps you should look into a Sienna(Toyota) or Oddysey(the keep mad resale). Make sure you get GAP insurance on your new vehicle, either through the dealer, or through aftermarket parties. This may be the way to go because if you trade in your car, the dealer will have to pay off the car completely. Now, of course they will roll it into the purchase of a new car, but thats what the GAP is for(incase you total it in some type of insurance event ie. accident, flood, etc.) I would also consider getting an extended warranty for the term of the loan since you most likely won't be able to get out of the van anytime in the near future.... Here are some numbers to chew on...
1997 Toyota Camry CE Trade ~6,0(very clean)
2002 Toyota Sienna CE CD price 21,6 (new)
2003 Toyota Sienna CE CD price 22,6 (new)
With those numbers including GAP and EX WTTY with your $7g DP you will most likely be looking in the 500/mo for 60 month, 450/mo 72mo(ouch) 400/mo 84mo..(double ouch) It's a hit, but it may be your best start...
You may want to take your 7,0 and pay off your high interst loans/cards. Not being sure where you stand on any of this makes it difficult.
I'm sure some of the other members have some ideas...
882.28 (sales tax)
499.00 (for GAP)
18.00 (title fee)
at 19.5% interest= 376.00 a month
I did check out edmunds and they do not have the option for adding gap insurance or things similar. Also tires and oil changes for life are damn good.
Cars direct has the car for 15044 plus all fees will come to more the same plus you also have to add GAP to the price which will make it even more.
I'ld like to read the details of that one!
If I return the camry, how long until I could finance a new car?
I'm not so certain you will be able to refi in only a year but I suggest you try to pay at LEAST 480 a month. At the high rate most of the 380 is going to interest which is not going to help your refi efforts.
I'd be interested to know how this works
Still, I never heard of this one before.
Most likely those "free" tires are the cheap Pep Boys store-brand tires. I doubt they'll give you Dunlops, Pirellis, or Michelins. Maybe they're Firestone's seconds?