Carvana approved me ! crazy interest rate- should i take it?

[Dj4Money]

 Why not? Look, rentals are properly maintained which is more than I can say for the general public who will delay proper maintenance out of ignorance or making other issues a priority over having a car that will get to work without leaving you on the side of the road on your way to work...

 The problems with the car you should have asked Carvana to discount the car accordingly and get those things repaired yourself. Painless dent removal would have done the touch up right and any stain can be removed from fabric seats. 

 For as much as you pay at Carvana you could get a new Kia with the heavy rebates they offer. 

[NimbusIII]

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@sccredit wrote:

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@Anonymous wrote:

If you go down this road, don't buy the warranty and get GAP (either through them or insurance). Get something you can easily pay off in a year or two just in case you can't get refinance and hammer the payments.FWIWW, I bought a 2013 Mini Cooper SClubmann fully loaded with very low miles and a odd color that no one wanted so they kept dropping the price.

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NOOOOOOO!!!!!!  OP - DO NOT follow this advice.  Buying a car at retail with $700 down and NOT buying GAP (from either them or insurance) is a recipe for financial disaster.  GAP is usually a much better deal if purchased through your own insurance company (if offered) but either way OP needs to have GAP.

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I think you misread the statement, He was Advocating for GAP

[sccredit]

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@NimbusIII wrote:

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@sccredit wrote:

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@Anonymous wrote:

If you go down this road, don't buy the warranty and get GAP (either through them or insurance). Get something you can easily pay off in a year or two just in case you can't get refinance and hammer the payments.FWIWW, I bought a 2013 Mini Cooper SClubmann fully loaded with very low miles and a odd color that no one wanted so they kept dropping the price.

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NOOOOOOO!!!!!!  OP - DO NOT follow this advice.  Buying a car at retail with $700 down and NOT buying GAP (from either them or insurance) is a recipe for financial disaster.  GAP is usually a much better deal if purchased through your own insurance company (if offered) but either way OP needs to have GAP.

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I think you misread the statement, He was Advocating for GAP

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I think you are right.  In that case - sorry @SH556

[sznnmnt]

Yes, shop around, you should be able to get something closer to 10%. Go to ANY credit union, they most likely with give you a better rate + they won't play the spread of credit scores against you. I suggest DCU, its where I'm going as my hopes are that it's the place to get the best interest rate. They give you a 0.25% apr decrease if the avg mpg<34 and they give you a relationship discount too of another 0.25%. Don't worry if you don't live there, you can get a membership with organizations they have a relationship with to join. I'm a Tower Hill Botanical Garden member and live in Cali. You sign up by becoming a member of the associated orgs and also with getting a checking and savings account where the min is $5 deposit for the savings account. Lots of stuff to do, but the savings are going to be worth it! Do it now!