Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
Re: Should I apply for an auto loan yet? NFCU

Etno wrote:

Would I have a shot applying with unpaid collections since they are older? I am negotiating with them to pay them off, but they are tough to negotiate with.

While you may get an auto loan, it is not going to be in favorable term (high interest rate and big down payment).


When you said your car needs to replaced, is it about to brake down? Or you simply want a newer car?

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/ (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)