buying a car

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taetae

taetae

Sicc OG
#21
Sep 25, 2005
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#21
I just bought me a 2006 saab 93
View attachment 110645
For 10K, got a loan through my credit union. It's like 280/mo for 4 years. They tried to hustle me with a bunch of bullshit warrantees at the dealership that amounted to about another 8k! I took it to a mechanic for a buyers inspection and said no warrantee.

Also since I have no credit I got a shitty rate on it but I am doing automatic payments that get taken out whenever I get a paycheck and so after a year or so I'm going to refinance to get a better % on interest.
 
Rasan

Rasan

Producer
#22
May 17, 2002
19,730
24,632
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Chula Vista, South Bay, San Diego, California
#22
taetae said:
I just bought me a 2006 saab 93
View attachment 110645
For 10K, got a loan through my credit union. It's like 280/mo for 4 years. They tried to hustle me with a bunch of bullshit warrantees at the dealership that amounted to about another 8k! I took it to a mechanic for a buyers inspection and said no warrantee.

Also since I have no credit I got a shitty rate on it but I am doing automatic payments that get taken out whenever I get a paycheck and so after a year or so I'm going to refinance to get a better % on interest.
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nice whip
you gonna slap some rims on it, or just leave it stock?
 
taetae

taetae

Sicc OG
#23
Sep 25, 2005
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#23
I thought about rims but the stock ones (pictured) arent bad and they have hte saab logo on em. GOnna put a system in there when I get some skrill tho.
 
Joey

Joey

Sicc OG
#24
Jul 2, 2002
4,090
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#24
JLMACN said:
10.99% aint horrible....considering your credit. My uncle just bought a '12 something (don't remember) and they got him for 23.00% (FUCK THAT WITH A BIG DICK) I tried not to look shocked when he told me.....

fuck going through the car dealership for financing. Try a credit union (local) or a small local bank......lot's of times they will work with you.
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Dealerships go through something called cudl...Credit union direct lending..They can usually get you a good interest rate and got you to 10% from 19% because you were gonna walk out..Smaller banks usally have higher interest rates, so thats not a great option....

What was the bank who gave you the 10%? Thats preety good, especially if your trying to repair your credit...

I sold cars for 5 years and this sounds like a good deal to me.....I would jump on it...Especially since its a honda...GET IT if the payments are comfortble for you
 
Joey

Joey

Sicc OG
#25
Jul 2, 2002
4,090
894
113
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#25
taetae said:
I just bought me a 2006 saab 93
View attachment 110645
For 10K, got a loan through my credit union. It's like 280/mo for 4 years. They tried to hustle me with a bunch of bullshit warrantees at the dealership that amounted to about another 8k! I took it to a mechanic for a buyers inspection and said no warrantee.

Also since I have no credit I got a shitty rate on it but I am doing automatic payments that get taken out whenever I get a paycheck and so after a year or so I'm going to refinance to get a better % on interest.
Click to expand...
Thats a nice looking car..but save your money cuz if somehting goes wrong the parts will be expensive
 
taetae

taetae

Sicc OG
#26
Sep 25, 2005
1,148
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#26
Yeah I know, Saab was out of production for 2 years but they just got bought by 51% korean and 49% japanese "National Modern Energy Holdings" and they're intending on making electric cars. So hopefully they'll manufacture parts for previous models since that should be a decent side-income.
 
BUTCHER 206

BUTCHER 206

FREE BUTCHER206
#28
Aug 22, 2003
12,316
109,201
113
Seattle, WA
#28
just save up money and build up your credit until the car you got doesnt drive anymore or its too expensive to repair and be worth it, by the time your credit gets built up a little better youll get a much better rate, and enough money saved to either buy a similar car outright or put a bigger downpayment
 
Joey

Joey

Sicc OG
#29
Jul 2, 2002
4,090
894
113
44
#29
BUTCHER 206 said:
just save up money and build up your credit until the car you got doesnt drive anymore or its too expensive to repair and be worth it, by the time your credit gets built up a little better youll get a much better rate, and enough money saved to either buy a similar car outright or put a bigger downpayment
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To expensive to repair? Its usaully a nickle and dime thing that eats at your pockets...After 6months to one year of making payments on time, he can refinance the car and get a better rate....Why not get a honda with 20k miles on it and drive where the fuck you want without having to worry about it breakiing down...Just change the oil, check the tire pressure and your good for the next 5 years..
 
$ileNt_eNe_ATL

$ileNt_eNe_ATL

Jefe De Los Pollos
#30
Aug 12, 2005
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#30
I still think financing a car is a bad investment .... I personally own two vehicles that i paid for in cash... a 2003 expedition paid $2,700 and a 1997 f150 paid 3,300 both at an auto auction ... no major problems with either of them ... oil change .. tire pressure and I'm good to go. Low insurance i pay less than $150 for the two vehicles and homeowners insurance(state farm) ...

now the money that i could be paying monthly just to ride "clean" .. 300-500 per month .. imagine you put into a savings account over the course of 10 yrs ... you now have $36,000 - $60,000 ... Just saying though .. i seen dudes that trade in and get new rides every 2-3 yrs and think they're balling ...
 
$ileNt_eNe_ATL

$ileNt_eNe_ATL

Jefe De Los Pollos
#32
Aug 12, 2005
2,593
2,726
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#32
^^^ yes... i have no debt other than my mortgage .. that will be paid off in 5yrs. It works for me, my kids have everything they need and I don't live pay check to pay check.
 
surcaliman

surcaliman

Sicc OG
#33
Nov 1, 2005
8,178
820
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#33
surcaliman said:
So paying an arm & a leg on gas for two v8's is a smart financial move?
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...well if you think about it,you kinda are in debt to the oil companys...bet you pay hundreds more in gas for those v8's a month than if you had a newer honda.wich is kinda like your makin a new car payment to chevron or exxon.
 
Rasan

Rasan

Producer
#35
May 17, 2002
19,730
24,632
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Chula Vista, South Bay, San Diego, California
#35
$ileNt_eNe_ATL said:
i don't pay much for gas at all ... i got a company truck that i use for work...

f150 fills up with 60 and last me a month at the least ...

like i said it works for me...
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And u would be paying 30 or less if u had a honda is the point surcaliman is trying to make.
I have a ford focus, I slapped some 18's on it, 2 12's in the trunk, and I'm good!
 
$ileNt_eNe_ATL

$ileNt_eNe_ATL

Jefe De Los Pollos
#36
Aug 12, 2005
2,593
2,726
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#36
^^ Yea but I like trucks not cars .. so i deal with it, I'm not about to pull a trailer on a focus. I feel where you coming from though... but I'm referring to me not financing my vehicles and paying "arm and leg" for interest , that by the time its paid off .. its not worth what you spent anymore. Bad investment in my opinion ..
 
Rasan

Rasan

Producer
#39
May 17, 2002
19,730
24,632
113
44
Chula Vista, South Bay, San Diego, California
#39
$ileNt_eNe_ATL said:
^^ Yea but I like trucks not cars .. so i deal with it, I'm not about to pull a trailer on a focus. I feel where you coming from though... but I'm referring to me not financing my vehicles and paying "arm and leg" for interest , that by the time its paid off .. its not worth what you spent anymore. Bad investment in my opinion ..
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I feel u on that as well because I paid cash for my car. However sometimes financing is all a person can do in this economoy thus dirt asking if the inerest rate he got was a good deal. Some people can't stack racks up like that. But I feel u bro.
 
$ileNt_eNe_ATL

$ileNt_eNe_ATL

Jefe De Los Pollos
#40
Aug 12, 2005
2,593
2,726
113
38
#40
Rasan said:
I feel u on that as well because I paid cash for my car. However sometimes financing is all a person can do in this economoy thus dirt asking if the inerest rate he got was a good deal. Some people can't stack racks up like that. But I feel u bro.
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thats very true , i agree .. each to his own i guess. Im just speaking from personal experience , back in 06 i bought my first house for 145k at the same time bought an 06 altima fresh off the lot for 22k all financed... and it was ok , but then i caught some charges was stuck paying lawyers and paying back my fam bond money.. The economy came crashing and i lost everything ... From then on i told my self fuck it never again ....You never know what life is going to throw at you .. accident , sickness , unemployed etc ...
 
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