@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!
The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.
Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.
My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....
Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.
Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.
What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.
Yea i wish that was so but the fact of it is that .... My car when i first brought it was $32K , Its aged a year and collected mileage but the buyout with the residual included is 29K they are only willing to give me 22K for the because thats the NADA of it right now thus leaving me having to make a down payment of $7K leases arent as easy as finances if you never been in one DONT EVER stay away from it like its a plege i wish i never did such a thing...I've actually tried everything even though i have no plans on defaulting on it and jsut trying to get myself out of the lease no banks will honor paying for a car at the value of when it was nearly new...
Getting really far afield on this topic, but don't most leases run 3 years anyway? The book value penalty is especially harsh as soon as you drive it off the lot, it comes a lot more in line by the 3 year mark especially if you have a car which generally holds it's value.
That gives you time to arrange something else, and both DCU and Penfed I think will undewrite at 120% of the book value though that doesn't cover your marker currently unfortunately it's closer.
Yea your correct about that it will be worth more by the end of the 3 year mark for a buyout but I was trying to lower my payments now since i know i'm keeping the car so i can allocate the extra else were i mean $656 a month is not exactly a small amount especially for a Honda lol... If i was driving a Benz or a upscale foreign car I wouldnt mind but a Honda come on....
I feel for you. I owned 2 Accords (96 and 00), and I'll never buy a Honda again. The Accord (and all other Hondas & Acuras) keeps on getting uglier every year. Nissan or Hyundai only for me.
@370Z wrote:
@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!
The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.
Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.
My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....
Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.
Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.
What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.
Yea i wish that was so but the fact of it is that .... My car when i first brought it was $32K , Its aged a year and collected mileage but the buyout with the residual included is 29K they are only willing to give me 22K for the because thats the NADA of it right now thus leaving me having to make a down payment of $7K leases arent as easy as finances if you never been in one DONT EVER stay away from it like its a plege i wish i never did such a thing...I've actually tried everything even though i have no plans on defaulting on it and jsut trying to get myself out of the lease no banks will honor paying for a car at the value of when it was nearly new...
Getting really far afield on this topic, but don't most leases run 3 years anyway? The book value penalty is especially harsh as soon as you drive it off the lot, it comes a lot more in line by the 3 year mark especially if you have a car which generally holds it's value.
That gives you time to arrange something else, and both DCU and Penfed I think will undewrite at 120% of the book value though that doesn't cover your marker currently unfortunately it's closer.
Yea your correct about that it will be worth more by the end of the 3 year mark for a buyout but I was trying to lower my payments now since i know i'm keeping the car so i can allocate the extra else were i mean $656 a month is not exactly a small amount especially for a Honda lol... If i was driving a Benz or a upscale foreign car I wouldnt mind but a Honda come on....
I feel for you. I owned 2 Accords (96 and 00), and I'll never buy a Honda again. The Accord (and all other Hondas & Acuras) keeps on getting uglier every year. Nissan or Hyundai only for me
Likewise i was looking into Nissan and Hyundai tooo ... I love the new look of the Sonata and I've never been a Hyundai fan... and the MAXIMA is just hands down...... But i also love the Altima Coupe *claps* *shouts for joy** **I Want IT ***
