MindBomber

Welcome to planet earth, you must be new here, why don't you have a seat over there and wait for the next orientation.

It's your responsibility to do your homework before making major purchases to prevent being at the losing end of a deal. If you can't get financed through a traditional method, that's a sign you probably shouldn't be purchasing a vehicle unless there has been a significant change in your financial situation. If the lender chooses to offer you financing, you need to realize someone with bad credit is at a high risk of defaulting and they need to justify the risk.

tipnitty

Something about this whole thing is fishy as hell to me. Not about the car, the straight stupidity of OP.

1) If I've bought my fair share of cars in the first place and I have NEVER heard or seen someone tell me "its time to make a decision".

2) If your parents didn't want you looking at cars, what the hell do you think they were going to do when they found out you paid that much for a car?

3) You said you really don't know much about cars/buying process. Then what the hell are you doing it by yourself for?

4) That interest rate seems like something you made up on the spot and just ran with it for some reason.

I've tried to read this whole thread but I can't do it. You keep coming across a phony to me and now its hurting my head. I call BS on this story.

Civicnoobie

I didnt mention to my family cause im not even suppose to be shopping for a new car. If they found out how much i paid they would kill me. I was going to just say i traded in my car for a newer one and paying montly like. $200 a month. Dont forget my civic now i just bought 1 yr 7 months ago.


Well i have rebuilding credit and my current job ive only been here for 1.5 months. Its a temp to perm job but no gaurentees i get offered perm. I will find out in the next week or so if i do.

Before this i was looking at the 2011 gen coupe, only 4600km, went to test drive it twice. I got approved, financing was 20% for 7 years. It was too high so i was suggested to consider lease to own where it has a mandatory buyout at end. i was this close to getting it. I asked for numbers just in case, 38k over 4 yrs for 24k car.

$3325 down (covers first and last months payments)
$553/month for 46 months
3.8% int
9.8 int after you include admin fees

$9000+ tax buyout = 9450

Grand total after 4 years. 38,218 for 24,087 car. Thats to the exact dollar after taxes. I told the guys at hyundai i couldnt do it but they kept saying i could and to just refinance the $9450 buyout in 4 years.. "just refinance it just refinance it"

Aetoc

iTrader: (1)

I know this won't really help that much, but I've learned the hard way that you either buy brand new at 0-.99% or buy used and pay cash straight up. Financing without superb credit will rape your bank account for 6 years and there will be nothing you can do about it.

I went behind my father's back when I bought my civic in 2008 (the one I have right now on this forum), and I am extremely lucky he paid the remainder for me 2 years later so my $12,000 car ended up costing me $16,000, instead of the $28 f-ing thousand it would have cost me if I continued to pay the monthly premiums at the current interest rate I had. That dealership took advantage of my lack of experience in car buying and played me good, and it was completely my fault because I just had to have a new car. If it wasn't for a very generous father, I would still be paying $430 per month and almost the same in insurance.

Basically, what I'm saying, is don't do anything behind your parent's back, cause it's just gonna cause more problems than it helps, trust me.

04 Honda Civic

iTrader: (2)

..You would have to be retarded to consider ANY lawsuit. If you aksed him a question and he gave you an answer I dont see ANY problem.

If you asked him if the VIN was changed and he said no then you would have a lawsuit.

If you asked him if the VIN was changed and he said it was "clean" he is just playing with words and thats fine too. (Hes alowed to do that)


I know your personal finances is your business but if you dont even have a permanent job I think it would be really stupid to finance any car. If you stop making payments they tow the car and your assed out of your money that you invested. I say get a steady job before financing anything.

MindBomber

I have the same opinion, and I assure you, everyone reading this thread is thinking the same thing and trying to be nice about it. I would advice you to sit down and write up a solid five year plan for your personal life, career goals, and finances before proceeding with any other major decisions like buying a car.

Since the purchase will no longer be proceeding, this thread will now be closed.