Is it really better to finance a car to build credit even if you can pay cash for it?
154255
That is true that when you buy a house they will check on your credit history, and it is true that there are other ways to buid credit, and it is true that you shouldn't pay interest if you don't need to.\nSo, it is your choice, in fact, you could finance your car, if you find another good use on the cash you have for it, like if you are thinking of some business and maybe will need the cash to finance it. Or if the momento of buy your house is close, you can use the cash for the initial pay, so you will need less money for the loan.\nBut if you wont use the cash, and that money would be just in a saving account, you should use it for the car, and get some other credits like in credit cards.\nSo, it depends on your needs, and your projects in general.
1025774
I would suggest saving your money and buy it with cash.  Since it's a toy, why would you want to get a loan to pay it off?\nAnyway, aren't motorcycle loans the same thing as any other car loan?  Just go to the bank.
234508
You have a fairly decent score -- kinda low...but you will be approved. You will need about 10% down to make them like you lol and you will have a high interest rate. Try your bank and see if they can pre-approval you. With pre-approval sometimes can get a better price on a car too.
532676
I'm sure that if your credit it good enough and you explain the situation to the bank, you may be able to get a second loan. A car dealer may also be able to finance you themselves.
795831
look around for these car lots that say we finance right here right now..\na lot do this,\nbut you may get a better rate as long as your credit is good, but tell them you just want to fiance through them,\nor go to a CREDIT UNION not a bank and talk to them for a car loan, they usually only require you open a bank account with them and this way it can even be taken right out of your check if you want it to. this makes it much better for them to give you the loan\n\ngood luck\nsmile
985752
You can get financed if you have good enough credit and you can make monthly payments, other than that...no i don't know of anything else besides a job or someone lending u the money that you know or something
600159
Financing your vehicle will not hurt your credit score unless you miss payments. Something that you might want to look at also would be the debt ratio. Even if you have great credit, but showing a lot of debt, you can still be denied a mortgage. Calculate your over all debt that this new vehicle will generate, and determine the rental income that you will obtain when you decide to rent out your current home. As long as your able to cover your mortgage obligation on your new home with your rent, you should be fine. Over all, your concern should not only be your credit score, but also your debt ratio that determines if your able to afford the home.
887538
Hi there. Generally speaking your FICO score is between 300-850 with 620 being considered good enough to get a lower interest rate. Different sources score somewhat differently. When buying a car do not settle for the sticker price. Try to get 1-2 thousand knocked off. If at all possible, try to finance for no more than 2 years. This is difficult for most people. By doing so you will save thousands in interest on the loan. Do not tell the dealer how much money you have as a down payment initially. Mention that there is another car at another dealership that has offered you a better deal. (Sometimes it's just a game of BS) and I don't know why. It's just a matter of how high a profit the dealer makes.Don't be discouraged. If they won't budge, go somewhere else. Try to dress nice. It seems to make a difference on how you are treated. Good luck and never let them pressure you into any deal you are not comfortable with.
60080
If you have the cash and available credit, buy one home with the cash and put your availble credit towards a rental property, which will eventually pay for itself. Just a thought. :)
1034053
You basically pay more for the car than the selling price - the new amount financed is the price of the car plus the excess loan amount, added together into a new loan.\n\nYou should really keep a new car that is on a loan for at least 2/3 of the loan period and you won't get in this situation.  If you are paying too much interest, make about $40 more in principal payment per month and you will pay the loan off sooner and incur less interest.
982875
If you have equity in your car you can use it to obtain a loan. Pay Day loans are a good company.
36612
I don't know.. But I know if you have suck as*s credit, you'll get a suck as*s percentage rate, and end up spending a lot more on interest than it's probably worth.
1151885
If you want to maximize your credit, make sure to have the payments for at least twelve months.\nThe last time I went and bought a car, none of the banks would count my past auto loans because I had paid them off before a year was over.
932560
Actually you can get a "Title Loan" on your car. Look in the yellow pages, google it or check some of the Payday Advance places in your City (many of them do this). Don't do this unless you are ABSOLUTELY strapped for cash though because you'll be paying the loan back at a very high rate of interest.
190366
I don't know if this is possible, but perhaps you can save enough cash to buy a used car outright - then you won't have to worry about a loan.  Just make sure someone good with cars checks it out first so you are not stuck with a lemon.  Also I believe some furniture companies allow payment over time - but I don't know if they do a credit check first.  \n\nIf possible, maybe one of your parents or grandparents would be willing a co-sign a loan?
352144
1. Cell phone\n2. Car finance at least 18K from a reputable dealer\n3. Anything more then 1 credit card is a waste
289212
Through my experience it has always benefited me more to buy from a private sale that way you don't have monthly payments to make. I have found several good deals through private sales so I suggest that as something you should consider. However if you have bad credit and a good and steady job history I recommend talking to someone at JDByrider or a place similar to them. They help you reestablish your credit and there payments/down payments aren't to high.