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Contributor
tri3nity
Posts: 94
Registered: ‎03-12-2008
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Re: "18%"

Yeah, Going, I am not "going" to do that. I don't want to finance anything over what I have to. Roadloans has a minimum of $6000 and that's what I'm trying to finance. The repo falls off in 2011, I will have that gone and a paid off vehicle with a current car loan. I can wait 2 years, if I even want another car in 2 years, may just refi. The G6 is actually kinda hot! :smileytongue:

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+


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going2tdc
Posts: 367
Registered: ‎03-28-2008
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Re: "18%"


going2tdc wrote:
maybe financing a small amount would help your "car credit". Get some positive TL reporting, stay current, and go from there.


Hmmm..... I don't recall suggesting a huge ass loan. Sorry I couldn't help. 

Contributor
tri3nity
Posts: 94
Registered: ‎03-12-2008
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Re: "18%"

What are you talking about? No one said that you suggested getting a large loan. We agreed with you that would be foolish of me to do that with such a high interest rate.

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+


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going2tdc
Posts: 367
Registered: ‎03-28-2008
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Re: "18%"

no worries! Im an idiot sometimes. I dont know if its just me, or if it is hard to tell where people are coming from over the net.
Contributor
tri3nity
Posts: 94
Registered: ‎03-12-2008
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Re: "18%"

Well Going! I finalized my car loan today got a cute little Mazda 6. 60 months term $220 a month. Used a financial calc. to figure out how to pay it off in 42 months, need to pay $280. So, that's what I'm gonna do. I must say I'm happy with my purchase. Thanks for all you guys input.   :smileyvery-happy:

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+


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going2tdc
Posts: 367
Registered: ‎03-28-2008
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Re: "18%"

[ Edited ]

Good Going! If you dont mind me asking, what was the rate they gave you? Did you find a different lender? I also think you made a good choice over the G6. I almost bought the Speed6 about a year ago.

 

http://www.rsportscars.com/mazda/2007-mazda-mazdaspeed6/

 

The dealer would not come down to the price I wanted to pay, so I had to pass on it. I really liked it though.

Congrats!

 

Message Edited by going2tdc on 12-13-2008 12:08 PM
Message Edited by going2tdc on 12-13-2008 12:09 PM
New Contributor
cabarkeep
Posts: 68
Registered: ‎09-20-2008
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Re: "18%"

Congrats!  The most important thing about the whole thing is that you are happy with the car no matter what you paid or the interest :smileyhappy: ..... plus thats a great car ... we have sold a few of them and have had no problems with that model ..nice

 

kudos to you!  It only gets better!

Contributor
tri3nity
Posts: 94
Registered: ‎03-12-2008
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Re: "18%"

[ Edited ]

No, Going I didn't find a different lender. I still have the 18% interest rate for 5 years but I plan on paying it off in 3 to 3 1/2. Keeping it for 6 months to a year then getting what I really want. My credit will be up to par by then. Either paid off or fell off. And Cabar, you know, I hadn't even though about this car, until I got to the lot and saw it. I am happy with my purchase. It will serve it's purpose and I'll look good in it. :smileytongue:

Message Edited by tri3nity on 12-13-2008 07:36 PM

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+


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going2tdc
Posts: 367
Registered: ‎03-28-2008
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Re: "18%"

Thats exactly how I ended up in my current vehicle. I was at a lot and it was in the pre-owned section. I never gave any thought to buying that model prior! I was happy with the deal because it was the most features/bang for a cheap buck.

 

Don't sweat the 18%.  I had to sign on the same rate, but I was able to refi 5 months later for 13%. Lowered my payments by $50 a month.7 months after that, I got 9%. I know this was about 8 months ago, but I still think you could do something like it if you can stay current. So congrats and good luck! I think signing a commitment like this is stressful, I have paid cash every since my repo, but eventually we need to get re-established though. ok enough babbling!

Contributor
tri3nity
Posts: 94
Registered: ‎03-12-2008
0

Re: "18%"

So, 6 months from now you think I could refinance so soon? Even with the repo on my credit? It doesn't fall off for a couple of years.

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+


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