Finance Questions

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Question: I want to buy an Audi TT but my credit is really bad?

However my pay is very good, the only problem is that I am just 20 so is really hard for me to even get finance, can someone help as to how to go about getting that car?

Answer: You'll need a giagantic amount of money down (20% of 40k). You'll pay about 16% or more interest. Which means your payment will approach $800/month. Combine that with the $300/month insurance, and you're looking at paying $1100/month for a CAR! A depreciating asset. Something that will be worth $20k in 2 years....and you'll still have that $1100/mo expense AND STILL OWE FOR 4 MORE YEARS!!!!!

Do you realize that you could buy a HOUSE with that kind of payment? Make the same payments, and then turn around and sell it in 2 years, and get ALL your money back + appreciation!?!

Made in Germany | Profile Audi CEO Rupert Stadler

Question: a driving situation?

im in college and i am on the deans list, and im making good money BUT. Not good enough. I need finances for a car, and since my credit is fresh-crisp brand new, i havent established any. My grandma said that she would give me a car (its a acura legend, light blue, hot rims!!) but only until i graduate!!!
Im doing well in college, but for some reason she thinks imma quit, how can i convince her that imma stay in college(im about to graduate this FALL!!)
-thanks

Answer: Have grandma help you plan for your graduation party, and all the details, she is concerned for your future and has good reason to be. Start with preparing an invitation list and then decide where to have you graduation party at, let grandma work out all the details, and you contrate on you school work. Best Wishes!

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