finally bought my pearl white Z

msl82

good job man..

By the way, what was your interest rate? if you dont mind...

mattkim85

my credit isnt great its a goes under tier 3

my broker knows a couple guys from the bank

and he bumped my interest rate from 12.5% (tier 3)

to 8.9% (tier 2) with a $4000 down payment.

the banks are being very careful of who they approve

since there are so many filing for bankruptcy.

zero

Good choice of color. That's a really high interest rate.

ctzn

You are very fortunate. I was planning on financing a portion of mine, (~$20k) which I thought would be pretty easy.

I have no other debt, my credit score is 730, I make over $70k/yr, I have very little expenses, I am putting over $10k down - and I still need a co-sign based solely on the fact that I don't have much credit history established.

I have had two other car loans and paid them both off within six months, and because of that I don't have an established credit history and need a co-sign.

I was shocked when they told me this, so I may just put a little more down to get approval on financing. I am going back in next week to work it out.

zero

You probably will get away without co-sign but you will end up with a higer interest rate. Have you check with any credit union bank?

ctzn

No I haven't really looked into other options as I have been pretty busy with work lately. I just swung into the dealership the other evening and spoke with the finance guy about it.

I will explore other options though, it shouldn't be too difficult considering I have the income and a large down payment, I thought I would be a lenders dream in this economy.

I have always had a mind set of "if I can't pay for it in cash I probably can't afford it" so I have no credit cards, and no loans. This has been good for me, but apparently hasn't done much for my credit history, even though I have a very good credit score.