Car Loan!!

A

AJay

New member

• Aug 31, 2004

• #1

I can`t get a good one!
My credit is not good!
All I wanna borrow is $ 15000,-!
The online places like E-loan.com etc. give me nothing under APR 11%!

I went to my bank, same high APR!
I even became a member of Credit Union this spring, but they can`t get me
one at all!!

And co-signing is not an option!

What could I do guys, help me out with some of you advice please!

I really appreciate it!

AJay

 

tool

New member

• Aug 31, 2004

• #2

Do you own your own home bro? The reason I ask is you could use some of the equity in your home to get a home equity line of credit(HELOC) The rates are usualy pretty low,somewhere around 4 to 6% depending on wether you want a fixed or adjustable rate. Most HELOCS start around $20,000 and up. If this is something of interest just let me know and Ill provide more details for ya.

 

A

AJay

New member

• Sep 1, 2004

• #3

Thanks for your reply tool!!
Na, unfortunately I rent and don`t own!

I actually don`t have BAD credit. I pay my CC in time!
My Credit history isn`t older than three years - cause I grew up in Europe, but decided to move to the US now. My Parents are from the US, but decided to live in Europe when I was born, so I lived over there till three years ago!

Anyways, I am looking into the new SCION TC model. Basic model in black sand pearl! It`s a sweeeet ride!

thanks fellas!

AJay

 

MMX2

New member

• Sep 1, 2004

• #4

That is the thing- you have really have to have establshsed credit in order to get lower interest rate. Maybe you can get one now and eventually refinance it?

 

S

saudades

Guest

• Sep 1, 2004

• #5

Get a cosigner.

 

L

Lord Odin

Guest

• Sep 1, 2004

• #6

Get a cosigner or just suck it up and establish credit history. Then when you buy your next car, it will be at a 4% rate through the credit union, like me...

 

tool

New member

• Sep 1, 2004

• #7

I hope it works out for ya bro.

 

A

AJay

New member

• Sep 1, 2004

• #8

Thank you guys,
Well I guess the only way I can do it then, is to just get the higher APR for one year and then refinance after that year!!

Again, I appreciate your help!!

AJay