Archive for the ‘Auto Finance’ Category
Phoenix Used Car Finance
August 30th, 2010
Question: does anyone know how much i may pay monthly for an m3? im 16 ?
already got " "ed 340! per month.. haha why so expensive? i live in phoenix az and wondering why on the e46 fanatics forums almost EVERYONE under 25 insurance was under 200, and i dont want any supid answers like you cant afford it. used 2001 m3 can be financed, and can be payed with a job, uncle owns a car shop so maintainence is taken care of, and insurance can be taken care of by my mom..... if it is UNDER 300 :[[
does anyone know why we were quoted so expensive? we would be insuring two cars too..
thanks :]]
wow not much help there little girl, OF COURSE I CANT Finance A Car BY MYSELF. what were you thinking? common sence, my mom will. i can put 10k down. i just have to be the one to pay the rest monthly.
but still.. i dont understand why people that are 16-24 have insurance under 200.
but thanks guys for helping
Answer: Zero per month.
Contracts are not legally enforceable on minors, so nobody is going to allow you to finance the car. If you change your mind with one payment to go, you can bring the car back to the seller, and they have to give you ALL your money back.
When you are 18, you can enter into a contract. Then, the monthly payment will depend on how much the car is, how long you are financing it for, the amount of down payment you are putting, and what the APR is. You provided none of this information.
Well if you already know everything at 16 years old, why bother asking a question???
GM Certified Pre-Owned Cars, Trucks and SUV's
Posted in Auto Finance | 
Tags: car finance, community, phoenix, phoenix used car finance, photo, sharing, social, web2.0 | 
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Uk Auto Finance
August 29th, 2010
Question: Auto loan- Wife has excellent credit I don't have any credit. Who should sign?
I have recently arrived into the USA from England and although I had excellent credit in the UK it counts for squat here! I'm also self employed which doesn't help either.
My wife (the reason I moved here) has excellent credit. We are looking at getting a Capital One Auto loan as we need to purchase a new car and we don't want to be locked into car dealership finance schemes. We are trying to figure out if it would be better for her to sign the loan agreement alone, or If I were to joint sign would the fact that I have no credit status yet significantly increase the APR, or worse be rejected and thus put a blight on her credit score.
I called Capital One, but they told me the system was automated and they didn't know what would happen until the actual application was sent. For some reason they can't run both scenarios on spec just to compare.
Answer: You should get the loan with her as a co signer. Yes the interest would be higher, but it would allow you to establish your credit here. Getting a denial won't put a blemish on her record, someone checking her credit might, but also, if you go to like several different places for auto financing and they all check your credit, others are going to look at the credit report and just say that you were checking to see who had the best rates. The FICO score might go down a little, but probably not, if she doesn't go out and sign up for every card she sees. But like i said, even if it does, a person who would actually look at your report is going to see that obviously you didn't just decide to go on a credit card spree or anything like that, and they will take that into consideration.
personal car leasing deals
Posted in Auto Finance |
Tags: Auto Finance, car, cars, finance, shopping, travel, uk auto, uk auto finance |
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