<![CDATA[Financing a car]]>Ok so I just recently turned 18. I'm looking at getting an 03 Focus SVT 5dr. Its around 13k for it and I've got about 3k I can put for a down payment. Now my parents might not co-sign for me so am I gonna be in shit for payments?

]]>https://fargostreet.com/topic/6612/financing-a-carRSS for NodeThu, 28 May 2026 03:03:26 GMTWed, 31 May 2006 20:27:43 GMT60<![CDATA[Reply to Financing a car on Mon, 05 Jun 2006 00:54:24 GMT]]>Alright so since this thread is still here and its mine, I'm gonna change the topic. Is there any worth in getting an FB RX7, not sure if its called FB but the one befor the FC?

]]>https://fargostreet.com/post/103889https://fargostreet.com/post/103889Mon, 05 Jun 2006 00:54:24 GMT<![CDATA[Reply to Financing a car on Sun, 04 Jun 2006 17:54:28 GMT]]>You could always try going through a credit union, they usually offer better interest rates. When I first bought my car, I had a interest rate of 9.9%. I went to my credit union and got my loan refinanced for 6.49%. That's my advice.

Oh yeah, don't waste your money on an american car with a shitty resale value.

-Eric

]]>https://fargostreet.com/post/103843https://fargostreet.com/post/103843Sun, 04 Jun 2006 17:54:28 GMT<![CDATA[Reply to Financing a car on Fri, 02 Jun 2006 06:02:37 GMT]]>

Dangler wrote:
Knowing your banker is huge. I have such a relationship with Private Banking at a very large bank in the region that they handed me a check fo $287,000 with 8 hours notice and NO paperwork signed at all. They didn't even pester me to come in and sign papers. I'll never switch banks....

what bank do you go through??? 287,000...damn must be a nice house..im sure thats what its for right.

]]>https://fargostreet.com/post/103730https://fargostreet.com/post/103730Fri, 02 Jun 2006 06:02:37 GMT<![CDATA[Reply to Financing a car on Fri, 02 Jun 2006 04:08:52 GMT]]>Very true, it's just the way things work. Maybe I should have stressed to check out all the available options. Maybe some friends with really good credit? Or other relatives? Or the rusty beater option? I just remember when I was young, broke, and going to school. Also, another thing to check out would be gap insurance. Especially if the vehicle won't hold it's value.

]]>https://fargostreet.com/post/103714https://fargostreet.com/post/103714Fri, 02 Jun 2006 04:08:52 GMT<![CDATA[Reply to Financing a car on Fri, 02 Jun 2006 03:21:21 GMT]]>I wouldn't call that getting screwed, it's part of life. You have to start somewhere. If you have no credit, you're not going to get an auto loan with 5% interest. And it is MANDATORY for anyone to have full coverage on any car that has a lien against it. Of course insurance for a younger person is more expensive, once again, it's part of life, that's how it is, so it has to be dealt with.

]]>https://fargostreet.com/post/103704https://fargostreet.com/post/103704Fri, 02 Jun 2006 03:21:21 GMT<![CDATA[Reply to Financing a car on Fri, 02 Jun 2006 03:16:57 GMT]]>A bit of advice from someone who's gotten screwed in the past. If your credit's a little shaky, you'll probably get a loan, but at something like 15-18% instead of the normal 5-10%. Also if you pay your own insurance, being young gets you screwed again because they'll want you to have full coverage insurance and insurance companies try and charge younger people a shitload to insure their cars. If you haven't already, check some quotes, it sucks making an insurance payment that's almost as much as your car payment. Good luck on the new car.

]]>https://fargostreet.com/post/103702https://fargostreet.com/post/103702Fri, 02 Jun 2006 03:16:57 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 14:44:29 GMT]]>So should I just go for a loan at a bank then? What about just doing an on site financing thing?

]]>https://fargostreet.com/post/103630https://fargostreet.com/post/103630Thu, 01 Jun 2006 14:44:29 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 13:30:56 GMT]]>Knowing your banker is huge. I have such a relationship with Private Banking at a very large bank in the region that they handed me a check fo $287,000 with 8 hours notice and NO paperwork signed at all. They didn't even pester me to come in and sign papers. I'll never switch banks....

]]>https://fargostreet.com/post/103627https://fargostreet.com/post/103627Thu, 01 Jun 2006 13:30:56 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 05:27:09 GMT]]>Just like Brett said, establish a good relationship w/ a banker. That's the best thing you can do. I have gotten by with a LOT of things most people can't do when it comes to car loans, and that's because my dad knows the president of my bank pretty well. And now that I've had a few auto loans through there, I can usually get whatever I want. You might as well just try and see if you can get the loan w/ a decent interest rate w/ out a co-signer.

]]>https://fargostreet.com/post/103614https://fargostreet.com/post/103614Thu, 01 Jun 2006 05:27:09 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 02:48:07 GMT]]>I am a salesman at a dealership in Grand Forks and i know we do in-house loans if you have a good down payment for us. So just check to see if the dealership does in house loans.

]]>https://fargostreet.com/post/103594https://fargostreet.com/post/103594Thu, 01 Jun 2006 02:48:07 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 02:41:30 GMT]]>i would go for a late 90s gtp you can pick one up for under 10k if you look

]]>https://fargostreet.com/post/103593https://fargostreet.com/post/103593Thu, 01 Jun 2006 02:41:30 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 02:30:16 GMT]]>yeah you might get a loan BUT the kicker is going to be at what kind of interest rate that's the part that is gonna be killer

i could have gotten a loan without my parents co-signing at 17 but the interest rate was almost 3x as much which at the time was like 7.5% with parents co-sign would have been almost 20 without

]]>https://fargostreet.com/post/103592https://fargostreet.com/post/103592Thu, 01 Jun 2006 02:30:16 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 02:14:02 GMT]]>Well it looks like I might go with somethin closer to my price range if the SVT deal falls through. Goin to look at a Grand Prix GTP and a Regal GS Supercharged, this weekend

]]>https://fargostreet.com/post/103587https://fargostreet.com/post/103587Thu, 01 Jun 2006 02:14:02 GMT<![CDATA[Reply to Financing a car on Thu, 01 Jun 2006 00:19:38 GMT]]>Yeah; You won't be able to get an optimal car loan with no co-signer.

]]>https://fargostreet.com/post/103558https://fargostreet.com/post/103558Thu, 01 Jun 2006 00:19:38 GMT<![CDATA[Reply to Financing a car on Wed, 31 May 2006 23:56:19 GMT]]>do you REALLY want a car payment at 18? Especially on a Focus? Focus' are like one of the worst resaling cars...

]]>https://fargostreet.com/post/103554https://fargostreet.com/post/103554Wed, 31 May 2006 23:56:19 GMT<![CDATA[Reply to Financing a car on Wed, 31 May 2006 23:55:23 GMT]]>you'll get the loan, but you'll probably get raped on the interest - that's what they use to cover their risk of loaning to you. The lower the credit score, the higher the interest.

Best thing you can do - establish a relationship with a banker. They'll bail you out more times that you can imagine and save you a ton of money

]]>https://fargostreet.com/post/103552https://fargostreet.com/post/103552Wed, 31 May 2006 23:55:23 GMT<![CDATA[Reply to Financing a car on Wed, 31 May 2006 23:36:09 GMT]]>^^^ what??
i have never had a cosigner. as long as i had my job for a year or more and had atleast 1k for down payment. havent had a problem unless i would try and buy a car over 15k.
i dont see there being a problem as long as u have had a job for longer then year and 3k down. but u might have to settle for something u dont want
edit: payments will probably be hi 200's at best, realistically 320ish

]]>https://fargostreet.com/post/103550https://fargostreet.com/post/103550Wed, 31 May 2006 23:36:09 GMT<![CDATA[Reply to Financing a car on Wed, 31 May 2006 22:26:27 GMT]]>probably wont be able to get a loan without a co-signer

]]>https://fargostreet.com/post/103538https://fargostreet.com/post/103538Wed, 31 May 2006 22:26:27 GMT<![CDATA[Reply to Financing a car on Wed, 31 May 2006 21:52:25 GMT]]>Depends on how much credit you have built up and where you go.

]]>https://fargostreet.com/post/103535https://fargostreet.com/post/103535Wed, 31 May 2006 21:52:25 GMT