Nissan 370Z Forum
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Nissan 370Z Forum (http://www.the370z.com/)
-   Nissan 370Z Pricing / Ordering Discussions (http://www.the370z.com/nissan-370z-pricing-ordering-discussions/)
-   -   Financing help (http://www.the370z.com/nissan-370z-pricing-ordering-discussions/25355-financing-help.html)

m4a1mustang 09-22-2010 07:58 AM
Quote:
Originally Posted by Cmike2780 (Post 730343)
The whole credit system if fkd up IMO. You can't get credit without already having credit. A friend of mine makes about 75k a year, no debt and never had a credit card. When she finally decided to get one, pretty much all the banks denied her for not having a credit history. The sad thing is, a few years ago she was bombarded with offers.

I think the credit union would be your best bet. Find a family member who already belongs to one to make it a little easier. Good luck.
Well, you establish credit by getting a credit card or paying a phone bill, cable bill, rent, whatever. Everyone should have a credit card at 18. Just be responsible with it. :tup:

Jeffblue 09-22-2010 08:20 AM
what are you supposd to do if you have a prepaid cell phone, steal your neighbors cable and internet, and live in abandoned buildings?

m4a1mustang 09-22-2010 08:22 AM
Quote:
Originally Posted by Jeffblue (Post 731450)
what are you supposd to do if you have a prepaid cell phone, steal your neighbors cable and internet, and live in abandoned buildings?
Party.

Jeffblue 09-22-2010 08:26 AM
i wouldn't let myself get a credit card until after college. I payed for everything on debit card. until recently.

shoopajae10 09-22-2010 10:38 AM
i know that with bofa, if you want a loan, they require that you have at least 5 years of established credit.

when i was about 22, with about 4 years of established credit, and my debt to income somewhere around 13% including rent, my loan was declined through bofa because of insufficient credit history.

I've had 1 car note for 3 years and 3 revolving credit cards for 4 years.

whoever the underwriters are for bofa are veryyyyyy veryyy to the books.

Falcor 09-22-2010 11:31 AM
off topic: how do I give rep points?

shoopajae10 09-22-2010 11:42 AM
underneath where it displays the rep power click on the image in the middle.

IB 350Z 09-22-2010 02:28 PM
Falcor- The best answer, which guys are pretty much telling you, is too wait. Otherwise you could get crazy in debt. No car is worth it. If you ruin your credit now, it will only be uphill from there. Just my opinion. Pay the car you got now off, or at least, get out from being upside down. Besides, 2011' are coming up soon (maybe).

Falcor 09-22-2010 02:33 PM
Quote:
Originally Posted by IB 350Z (Post 732121)
Falcor- The best answer, which guys are pretty much telling you, is too wait. Otherwise you could get crazy in debt. No car is worth it. If you ruin your credit now, it will only be uphill from there. Just my opinion. Pay the car you got now off, or at least, get out from being upside down. Besides, 2011' are coming up soon (maybe).
I have no car currently (except a work vehicle) and I have no significant debt to speak of. I do have 12000 to put as a down payment though and I make more than enough to afford even a high monthly payment and insurance. Thats what makes this so frustrating.

shoopajae10 09-22-2010 02:58 PM
why dont you use that money and just buy off a used 350z or something for about 12k. youll have a great car, (although not your dream car) but itll get you to work and youll have no car payments. you can save up some more and start building your credit over the next few years and then finally purchase and get financing for your true dream car.

IB 350Z 09-22-2010 03:14 PM
I had an $800 monthly payment on a 350Z for 3 years. After the initial new car euphoria, I still had an $800 monthly payment. Year 3 of payments that high....sucked. But to each his own. It's your money so do your thing. Just telling you my experience.

Quote:
Originally Posted by Falcor (Post 732140)
I have no car currently (except a work vehicle) and I have no significant debt to speak of. I do have 12000 to put as a down payment though and I make more than enough to afford even a high monthly payment and insurance. Thats what makes this so frustrating.

FuszNissan 09-22-2010 03:21 PM
Quote:
Originally Posted by Jeffblue (Post 731450)
what are you supposd to do if you have a prepaid cell phone, steal your neighbors cable and internet, and live in abandoned buildings?
:roflpuke2: :roflpuke2:

Falcor 09-22-2010 03:32 PM
Quote:
Originally Posted by shoopajae10 (Post 732210)
why dont you use that money and just buy off a used 350z or something for about 12k. youll have a great car, (although not your dream car) but itll get you to work and youll have no car payments. you can save up some more and start building your credit over the next few years and then finally purchase and get financing for your true dream car.
i would if i "needed" a car, but I dont. I "want" a 370. And I would consider buying one just for the credit building but due to taxes and depreciation it would be like throwing money away.

Falcor 09-22-2010 03:32 PM
Quote:
Originally Posted by IB 350Z (Post 732254)
I had an $800 monthly payment on a 350Z for 3 years. After the initial new car euphoria, I still had an $800 monthly payment. Year 3 of payments that high....sucked. But to each his own. It's your money so do your thing. Just telling you my experience.
Yeah I understand what your saying, but I plan on paying the car off in 1 year.

wilsonp 09-22-2010 06:01 PM
Quote:
Originally Posted by shoopajae10 (Post 731786)
underneath where it displays the rep power click on the image in the middle.
Obviously that icon needs replacing!

How about something like:

http://scw.us/image/plusrep.png


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