Re: How long to wait before financing a second car?
12-18-2012 06:47 AM
If you have 30k as a down payment...it'd be silly to finance. If a dealer saw a person walk in with 30k cash for a car...I'd think the dealer would be willing to deal. Anyway I agree with the others...why do you need two car loans? Pay off the first one. Having two auto loans is definitely going to knock out any chances of you getting a auto loan anytme soon.
FICO scores: 763 (EQ) 740 (EX) 751 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $8k balance remaining | 60 months @ 4.9% (First Time Buyer 12/2012)
Tradelines: Capital One (5k) | Macy's (1.1k) | Living Spaces (8.5k) | Ashley (5.5k) | Discover IT (2k) | Walmart Discover (3k) | Chase Freedom NPSL | Citi Simplicity (8.0k)