financing a 10yr old car?

[99PONTIACGP]

Getting a personal loan and paying off the car might be a good idea.

 

[Eagle]

yep put the sharpie on my staples card...

 

[Smokinhot]

wacovia fucking sucks, I financed the ta through them and all they set you up to pay is the interest so they get their money first.

My payment was $408 and I paid like 600 for 4 months straight, then they tell me I dont owe anything for a month.... in 1 year I paid close to 6-7k and it didn't even dent the principal amount

 

[utryd2]

wacovia fucking sucks, I financed the ta through them and all they set you up to pay is the interest so they get their money first.

My payment was $408 and I paid like 600 for 4 months straight, then they tell me I dont owe anything for a month.... in 1 year I paid close to 6-7k and it didn't even dent the principal amount

Thats how all loans are. Your paying the bulk of the interest first. Its done by a percentage. If you skip the month they say you dont have to pay and then continue to pay more again, its like starting over. Anything over your payment amount you pay gets put towards your next months bill.

Ive been told but I havent personally done this....
Send two checks, one for the exact amount another for whatever extra you want to pay and in the notes on the check put "principal only". Then its taking off the principal not the interest.

 

[PANDA]

The guy who bought my TA got a loan through eloan. I guess if you have good credit they don't care about the year or even how much you are paying.

The car was 10 years old at the time.

 

[Mook]

I've heard good things about eloan.

 

[JDHedman]

good to know I am gonna try eloan and that credit union.. I have always paid $140 extra..almost 2 years now..

 

[Riski]

and you still owe 9k.....damn I dont even wanna know what u paid and your interest rate is.....Better keep that car for life!

 

[JDHedman]

$ I paid $15K Bluebook At the time was $14 something.. but I got the car with like $10K in upgrades.. So I was happy

 

[Riski]

Thought ur shit was stock. 10k in air fresheners

 

[Yaj Yak]

consumers credit union.

 

[THEHKP7M13]

HOLY FUCK!......Put full coverage on that bitch and burn it!

LMFAO ...BTW IT WOULD BE GAP INS.

 

[Riski]

That is a huge GAP

 

[JDHedman]

yea its stock.. other than the Wilwood Brakes, ASP UD Balancer, Titanium Retainers, Chromemoly Pushrods, Beehive Springs, Had a fast intake and mti t.b, SLP Performance Full Length Headers, SLP Performance Loud Mouth Exhaust Systems, slp maf, Spohn Performance Torque Arm, UMI Performance Subframes, Dr. Evil Transmissions Built T56 Transmission, Ls7 Flywheel, LS7 Clutch, SLP Skip Shift Eliminator and it had some c5 zo6 rims.. and I am sure I am forgetting some stuff

 

[Riski]

Still a stock motor car. Don't see 10k in mods still

 

[02BlueGT]

Still a stock motor car. Don't see 10k in mods still

If the original owner paid to have all that installed, I could see a 10K price tag

 

[JDHedman]

its close to $3k just for the brakes, plus it would run ya another $3k for the cam and valvetrain, then the trans and all other parts.. I was just estimating.. Wow what a dick..

 

[Frank Dukes]

i dont see an issue with what you paid at the time... but your obviously gettin effed on the interest and all that fun stuff. The trans, wheels, brakes, etc are a solid starting point for what ya got it for.

This is what scares me about trying to trade my x in. i really want a 02 T/A but am scared at what kinda points they would want on the loan.

 

[JDHedman]

I actually just looked at my info and I am only paying 8% right now.. I will be getting screwed with the new loan.. but it has to be done

 

[JDHedman]

consumers credit union.

Thanks Imma Hit them up

 

[firemandan1700]

goto any small bank and as long as you have good credit they should give you a loan. Just start calling banks asking what the interest rate for your yr of car and milage.

My bank said they could give me 12k tops at 10% flat for my 01 t/a ws6 with 71,9xx miles, but I had some cash on hand and I bought the car less than 12 anyways lol so that obviously helped