12-04-2013 10:04 AM
Read and have re-read the article at the sticky.
i love it!!
unfortunately due to a situation with my current vehicle, i must purchase a new vehicle.
i have put myself in a bad situation as i recently put a large purchase that reported on my credit card so i know my d-i ratio is poor
i would like you alls input in this auto forum before i go out and make a rash decision.
what all information should i give to get feedback on this situation
12-04-2013 10:54 AM
12-04-2013 11:12 AM
It unfortunately won't be completely paid for 2 months, and in the situation I have it is unfortunate that I am almost unable to wait THAT long.
Possibly a month or less
12-04-2013 02:26 PM
Why? If it is an auto repair, can you find a way to bandaid it together short term until you get your credit in order?
The reason I say the above is taking on a vehicle loan is a long term proposition, generally 36 mths or more. If you put yourself in the best possible financial condition before you attempt to finance a vehicle you will get the best possible terms and rate given your score and income at the time of application. You can see where this can really help you long term if there is a substantial difference in your score between now and two months from now when the large debt is paid off.
12-04-2013 06:52 PM
Full Transmission Failure.
6K fix it..
only paid 5k for car originally a few years back
I would much rather be in a better position and understand that it puts me in a greater bargaining tool for financing.
I am possibly going to be able to go a month with a borrowed car, but it is still MUCH sooner than I'd originally anticipated.
12-04-2013 10:13 PM
12-04-2013 10:18 PM
Have not yet applied due to aforementioned situation as well I don't have as much as if like to put down.
Plus wanting input from the great forum
I'm looking at possibly a civic LS or Mazda 3 sprinkle in other little favorites but those have caught my eye for my budget and needs
I think Mazda will be more credit challenge friendly.
12-04-2013 10:19 PM
12-05-2013 08:50 PM
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