First time car financer, how to do it? Anyone want to spam me with offers? - GoFuckYourself.com

Socrates · 07-20-2005, 09:21 PM

My car was flooded in the last heavy rains that happened in Houston Texas, I need a new car and tried to get financing for a $25,000 Nissan 350Z but was denied because I had 0 credit (car financing credit or otherwise) No bad credit, just a blank slate

Bought my cars before this with cash but I'm not in the position to do that anymore at the moment, I can put down a deposit of $3000

What are recommendations? Anyone here spam or want to offer me some financing for like $25k?
I have the paychecks to back it up should it be needed, as well as a co-signer, but the co-signer already has 2 cars on his credit and both are still being financed. Trade in is not possible for co-signer

any suggestions? let me know if you can do something for me and want to him me up (you get commission or something)

KRL · 07-20-2005, 09:23 PM

Auto dealers are desparate to move cars right now. Just explain your situation with the finance manager and you'll find one that will do a deal.

Socrates · 07-20-2005, 09:26 PM

I tried at CarMax for that $25k 350Z but was denied by myself and with a co-signer.

By myself they wanted a $9k deposit.. don't have that, max is $3k for a deposit

Babagirls · 07-20-2005, 09:42 PM

Quote:

Originally Posted by Socrates

I tried at CarMax for that $25k 350Z but was denied by myself and with a co-signer.

By myself they wanted a $9k deposit.. don't have that, max is $3k for a deposit

theres someone out there that will fianance you, trust me on that (especially right now, as KRL said, dealers are pushin to sell cars more than ever right now).

you might pay a little higher % but definatly keep shopping around. if you have $3k put down, you can get approved somewhere, guarenteed

DateDoc · 07-20-2005, 09:46 PM

Used cars are sometimes harder to finance than new cars. Make the rounds and hit the new car dealers up. Explain to them before hand that your last car you bought you paid cash for but this one you want to finance and that you have no established credit. It used to be if you had a visa/mastercard/amex you could get a car loan. There is a dealer out there that can get you financed. Check the newspaper for dealers offering first time buyers programs too.

chupacabra · 07-20-2005, 09:55 PM

Quote:

I have the paychecks to back it up should it be needed, as well as a co-signer, but the co-signer already has 2 cars on his credit and both are still being financed. Trade in is not possible for co-signer

is there a 2 car limit on how many cars w/ open liens a person can have..?

Sosa · 07-20-2005, 09:57 PM

ok, so don't go for a $25,000 car. Get something cheaper

Socrates · 07-20-2005, 10:04 PM

Quote:

Originally Posted by chupacabra

is there a 2 car limit on how many cars w/ open liens a person can have..?

Must be something like that, they want him to trade one in even if he buys one for himself as primary

Socrates · 07-20-2005, 10:04 PM

Quote:

Originally Posted by Sosa

ok, so don't go for a $25,000 car. Get something cheaper

I can get financed for $15k but there isnt anything worth its tires for $15k

07-20-2005, 09:21 PM	#1
Socrates Confirmed User Join Date: Jul 2005 Posts: 105	First time car financer, how to do it? Anyone want to spam me with offers? My car was flooded in the last heavy rains that happened in Houston Texas, I need a new car and tried to get financing for a $25,000 Nissan 350Z but was denied because I had 0 credit (car financing credit or otherwise) No bad credit, just a blank slate Bought my cars before this with cash but I'm not in the position to do that anymore at the moment, I can put down a deposit of $3000 What are recommendations? Anyone here spam or want to offer me some financing for like $25k? I have the paychecks to back it up should it be needed, as well as a co-signer, but the co-signer already has 2 cars on his credit and both are still being financed. Trade in is not possible for co-signer any suggestions? let me know if you can do something for me and want to him me up (you get commission or something)

07-20-2005, 09:23 PM	#2
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Auto dealers are desparate to move cars right now. Just explain your situation with the finance manager and you'll find one that will do a deal. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

07-20-2005, 09:46 PM	#5
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Used cars are sometimes harder to finance than new cars. Make the rounds and hit the new car dealers up. Explain to them before hand that your last car you bought you paid cash for but this one you want to finance and that you have no established credit. It used to be if you had a visa/mastercard/amex you could get a car loan. There is a dealer out there that can get you financed. Check the newspaper for dealers offering first time buyers programs too. __________________

07-20-2005, 09:26 PM	#3
Socrates Confirmed User Join Date: Jul 2005 Posts: 105	I tried at CarMax for that $25k 350Z but was denied by myself and with a co-signer. By myself they wanted a $9k deposit.. don't have that, max is $3k for a deposit

07-20-2005, 09:57 PM	#7
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	ok, so don't go for a $25,000 car. Get something cheaper