hey i'm buying a s2000 from a privite seller, the loan rate i got is 7.59% is that good for a used car? my credit score is like 720, using capitalone, rate for local bank are crazy, 11% 13 %

what you guys think?


Modified by typeRkill at 9:08 AM 8/28/2005

 

look for better

 

your beacon score is good and should warrant a lower interest rate.

 

belong to any credit unions?

 

I thought you were towing with your S2000!

 

ya, i was going to say "no fat chicks". ....

[beavis] he said "load" [/beavis]


<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by zclee.com &raquo;</TD></TR><TR><TD CLASS="quote"> I thought you were towing with your S2000!</TD></TR></TABLE>

 

i'm getting the loan from Capital ONe, if i buy the s2000 from a dealer the rate is like 5.3%, but if i'm buying the car from private seller is like 7.5%, so i don't know what to do.

I found 2 s2000 one from a dealer , year 00 with 63k for 17,000 + tag fee and tax ( Here ) and the one from private seller is 00 with 44 k for 17,000 ( Here ).

What you guys think?

 

What kind of loan term are you trying to get where a 720 becon only yields 7+% APR?

 

60 months , the difference in rates is because, if i get the load person to person ( buying from private seller) to person, is like 7.5 %, now if i get the load person from dealer ( buying from dealer ) is like 5.5 % .....

so i don't know, where to go, or what load to get?

i'm looking for a 00-01 s200 with 40 - 60 k miles for 17,000 - 18,000

 

Damn man, how do you keep typing "load", the "d" and the "n" arnt even close to each other!

And i do understand how loans work...i was just curious about the loan term you were looking at...you could get a lower interest rate if you'd go less than 60months, payments would be higher but youd pay less in the end.

 

Your credit score does affect your rate, but so does your credit HISTORY. If you've got nothing substancial (i.e. car loan, mortgage, etc), then you're probably not going to get the best rate. But if you do, then try else where. Credit Unions seem to have the best rate (4.9% for 60 months).

Also, check your possibly defective keyboard. They might've switched up the "D" and the "N" keys.

*edit- took too long to type. Hypno beat me to it.

 

Thanks alot for the advices.

My credit score is 720, I only have 1 low mortgage (house).

60 months, 7.59% , amount 17,000 = 341.37 / monthly ( person to person loan) total =20,482.36

60 M, 5.9%, 17,000 = $328.26 /M ( person to dealer) total = $19,695.75 ( without tax and dealer fees)

Surre i can get better % from a delaer, but the car will be more expensive + i have to pay tax and dealer fees, now if i get the car from a private seller i just pay what he is asking for ( of course we are going to negociate the price) this way i don't pay tax and delaer fees

can i get a s2000 00-01 with 40 - 60 k for 17,000 - 18,000 including tax + delaer fees?

right now i'm looking one s2000 year 2000 for 16,500 with 44k miles and perfect condition ( clean tittle ) what you guys think)?

 

Run a carfax and take it by a dealer to get a check up. If all comes back good, that's a good deal. And not to sound like an echo, but CHECK WITH A CREDIT UNION. With a mortgage on your record, you should be getting a lot better than 7%.

 

i will do that, thanks for the advice .... checking for a credit union on my area

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Scot &raquo;</TD></TR><TR><TD CLASS="quote">ya, i was going to say "no fat chicks". ....

[beavis] he said "load" [/beavis]


</TD></TR></TABLE>

hahah me too

 

Join the military. 4%