I have no credit...................

370Zilla · 07-19-2009, 08:51 AM

What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.

whoady4shoady · 07-19-2009, 12:19 PM

Quote:

Originally Posted by 370Zilla

What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.

Well yeah, buti dont want to pay that high of a rate if I dont have to. LOL

370Zilla · 07-19-2009, 02:35 PM

Quote:

Originally Posted by whoady4shoady

Well yeah, buti dont want to pay that high of a rate if I dont have to. LOL

No kidding. None of us wants to pay any interest. You do not have to. Drive what you have now. Save some money and buy a 2011 model after you have established some small credit with credit cards. Oh wait...they have 10-30% interest as well.

Way of the world. Even the 780-820's among us must pay 3-5%, unless you catch a 0.0 offer, and that is normally on outgoing models, or models not selling well.

Mike · 07-19-2009, 03:44 PM

Quote:

Originally Posted by 370Zilla

No kidding. None of us wants to pay any interest. You do not have to. Drive what you have now. Save some money and buy a 2011 model after you have established some small credit with credit cards. Oh wait...they have 10-30% interest as well.

He doesn't have to carry a balance to build credit, just pay it in full each month and no interest.

dad · 07-19-2009, 04:15 PM

Quote:

Originally Posted by Mike

He doesn't have to carry a balance to build credit, just pay it in full each month and no interest.

You can do both, pay it in full or pay the minimal amount that will be stated on the bill. What really matters, don't be late for a payment and don't miss a payment!

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07-19-2009, 08:51 AM	#1 (permalink)
370Zilla Base Member Join Date: Jul 2009 Location: Gainesville, Fl Posts: 41 Drives: 370Z Rep Power: 17	What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.