OP
OP
turbopk
Well-Known Member
- First Name
- Pk
- Joined
- Apr 28, 2021
- Threads
- 1
- Messages
- 79
- Reaction score
- 51
- Location
- Phoenix AZ USA
- Car(s)
- 2018 ford edge(DD)
- Thread starter
- #31
If you don't mind sharing, what type of business?
Sponsored
GenericUser1
Member
2.9% for 75months with Toyota, no down payment no trade. Will be paying off in 3 years. Financially it would be better to just dump the full value into a mutual fund but I like the peace of mind of having low debit. Being recently divorced I also should stay fairly liquid.
OP
OP
turbopk
Well-Known Member
- First Name
- Pk
- Joined
- Apr 28, 2021
- Threads
- 1
- Messages
- 79
- Reaction score
- 51
- Location
- Phoenix AZ USA
- Car(s)
- 2018 ford edge(DD)
- Thread starter
- #33
Well I found a 2020 Nocturnal for $48,999 w/9,650 miles
Went through an online app with capital one since I have established payment history with them.
They came back at me with
$4k down
$821 x 75 months @ 9.14%
A little about my credit history.
Fico scores are 685-683-689
Have both revolving and installment payment history, no late payments. But don't have a lot of history, just over 2 years.
10 years ago had a fallout and filed bk, lived liquid and didn't use credit at all up until these last couple years.
I really want the car but I think I'd be better off with getting my credit stronger/better and putting down at least $10k ?
Thoughts? Suggestions?
Went through an online app with capital one since I have established payment history with them.
They came back at me with
$4k down
$821 x 75 months @ 9.14%
A little about my credit history.
Fico scores are 685-683-689
Have both revolving and installment payment history, no late payments. But don't have a lot of history, just over 2 years.
10 years ago had a fallout and filed bk, lived liquid and didn't use credit at all up until these last couple years.
I really want the car but I think I'd be better off with getting my credit stronger/better and putting down at least $10k ?
Thoughts? Suggestions?
polaris
Well-Known Member
That's $15k or so in interest over the term of the loan. If you're going to spend that much, you might as well finance a new car for a lower rate, but realistically you definitely should wait until you can get a better rate and a bigger down payment.
Also, with those credit scores you should be able to do WAY better than 9.14%. That's an absolutely bonkers interest rate for an auto loan.
OP
OP
turbopk
Well-Known Member
- First Name
- Pk
- Joined
- Apr 28, 2021
- Threads
- 1
- Messages
- 79
- Reaction score
- 51
- Location
- Phoenix AZ USA
- Car(s)
- 2018 ford edge(DD)
- Thread starter
- #35
Thanks I appreciate your feedback. Yeah I was thinking the same with the APR
I mean my credit isn't bad but isn't excellent either.
Xxyion
Well-Known Member
Yeah i think the BK is whats hurting you the most. I'd say build your credit a bit. You can shoot it up easily if you open multiple lines of credit and then make around 200$ worth of purchases on each within the first 6 months and then pay it off immedietly. I shot my credit from 620 to my current 760 score across the board in roughly 6 months.
Remember credit is also available credit vs debt. So if you have a high credit limit but low balances, that can work to help raise your score.
- First Name
- Phillip
- Joined
- Dec 15, 2020
- Threads
- 50
- Messages
- 2,147
- Reaction score
- 3,116
- Location
- South Florida
- Car(s)
- 2023 Burnout A91 MT
Metal Recycling and I build and flip humvees and other cars on the side.
SD_MK
Well-Known Member
20' Nitro Yellow 3.0 Premium
4/29/19 (Start of COVID restrictions)
MSRP: $57,750
Price Negotiated: $47,632($1,500 under invoice. )
Down: $22,000
APR: 1.9%
Financed thru Toyota Financial.
Made that Salesman shit his pants when he ran my credit lol. 847 Experian. Did NOT expect to have what i had lol. Oh, and Age 24 at the time if we're mentioning age lol.
4/29/19 (Start of COVID restrictions)
MSRP: $57,750
Price Negotiated: $47,632($1,500 under invoice. )
Down: $22,000
APR: 1.9%
Financed thru Toyota Financial.
Made that Salesman shit his pants when he ran my credit lol. 847 Experian. Did NOT expect to have what i had lol. Oh, and Age 24 at the time if we're mentioning age lol.
OP
OP
turbopk
Well-Known Member
- First Name
- Pk
- Joined
- Apr 28, 2021
- Threads
- 1
- Messages
- 79
- Reaction score
- 51
- Location
- Phoenix AZ USA
- Car(s)
- 2018 ford edge(DD)
- Thread starter
- #39
hihasan99
Member
Holy crap! How on earth did you negotiate the price to 47.5? :O I would've jumped on that deal as well1 I love the yellow color man. Glad you're enjoying it
SD_MK
Well-Known Member
lol gonna start looking into the housing market as soon as crypto blasts to the moon haha. lol, my avatar reflects my lifestyle ?? #weeblyfe #waifu847 Fico at 24! WOW! Buy your first house at 18?
P.S. Your avatar!
PhantomCypher
Member
2.74% on 60 with Toyota Financial on 2022 A91-CF. October numbers
Materia
Well-Known Member
2021 Nitro Yellow Premium
Price: 56k+ Cali Taxes
Car was fully loaded with all available options from Toyota except the PPF Hood option. They even tinted the windows
Down Payment: 10k
Apr: 2% for 72 months.
Credit Score: 837
I used Capital One Auto. For anyone here trying to see options I recommend using them. You can get pre-approved WITHOUT dinging your credit score. It will give you a good idea what to expect for yourself while you play with numbers.
Best part of it is you can use their APR to negotiate. The dealer didn't want to hit 2% for me, lowest they would give me was 2.5-2.65 range.
Price: 56k+ Cali Taxes
Car was fully loaded with all available options from Toyota except the PPF Hood option. They even tinted the windows
Down Payment: 10k
Apr: 2% for 72 months.
Credit Score: 837
I used Capital One Auto. For anyone here trying to see options I recommend using them. You can get pre-approved WITHOUT dinging your credit score. It will give you a good idea what to expect for yourself while you play with numbers.
Best part of it is you can use their APR to negotiate. The dealer didn't want to hit 2% for me, lowest they would give me was 2.5-2.65 range.
zrk
Well-Known Member
- First Name
- Zack
- Joined
- Apr 20, 2021
- Threads
- 79
- Messages
- 8,392
- Reaction score
- 13,688
- Location
- Chicago, IL
- Car(s)
- 2021 Supra - Nocturnal Black
2021 Nocturnal Premium
Price: 55.5k OTD
Car was fully loaded
Down Payment: 45.5k
Apr: 2.5% for 24 months.
Credit Score: 687
I used Capital One Auto.
I could have paid cash for the car, but why not poke at that credit score a little bit.
Price: 55.5k OTD
Car was fully loaded
Down Payment: 45.5k
Apr: 2.5% for 24 months.
Credit Score: 687
I used Capital One Auto.
I could have paid cash for the car, but why not poke at that credit score a little bit.
Mason
Well-Known Member
- First Name
- Mason
- Joined
- Jun 24, 2021
- Threads
- 14
- Messages
- 1,509
- Reaction score
- 1,730
- Location
- Kenosha WI
- Car(s)
- 2021 3.0
2021 3.0 Premium
Price: 54,000
Money Down: 20,000
Apr: 3.25% for 72 months
Credit Score: 750
Lender: US Bank
Wish I could have paid cash but I stuck most of my money towards a house I bought a couple weeks before picking up the car. Now one of the tenants pays my 1,000$/m car payment for me ??
The wise decisions of a 20 year old ?
Price: 54,000
Money Down: 20,000
Apr: 3.25% for 72 months
Credit Score: 750
Lender: US Bank
Wish I could have paid cash but I stuck most of my money towards a house I bought a couple weeks before picking up the car. Now one of the tenants pays my 1,000$/m car payment for me ??
The wise decisions of a 20 year old ?
Sponsored
Similar threads
