are you guys getting loans for your SS, ZZ28s or ws6s?
#43
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At your age, get something newer and reliable, if the reason you can justify the need for a car loan is to replace a 200,000 mile vehicle with something more reliable. When I was in college, all the way up to 23 years old, I drove a s10 blazer with 241,000 miles.
As someone else stated, get you a crocery getter for the time being at a better interest rate, and if you still have the desire for an F-body, save up and get one at graduation. Focus on school right now, is my suggestion, while saving money with a better loan.
Being smart now with car buying will help for the rest of your life. When all my friends had LS1's back 10 years ago, of course I wanted one, but I saved money and saved up for one. Now I'm better off they all of them between education and money saved.
My fathers 61 years old, and he's never made a single car payment. He's always paid cash for cars. In fact, minus house payments, he's never paid interest on anything.
As someone else stated, get you a crocery getter for the time being at a better interest rate, and if you still have the desire for an F-body, save up and get one at graduation. Focus on school right now, is my suggestion, while saving money with a better loan.
Being smart now with car buying will help for the rest of your life. When all my friends had LS1's back 10 years ago, of course I wanted one, but I saved money and saved up for one. Now I'm better off they all of them between education and money saved.
My fathers 61 years old, and he's never made a single car payment. He's always paid cash for cars. In fact, minus house payments, he's never paid interest on anything.
#45
TECH Fanatic
It was 5 years ago when I found this car, sitting on a lot being sold on consignment, with only 14,000 miles on it. The dealer wanted 18k for it and I traded in a '01 V-6 that after paying the loan on that reduced the actual price to 14k.
My credit union took one look at the value and said it was worth 23k. Gave me a new car loan with low interest.
I have six more months to pay and the monthly payments were $212 per month. I though I should have paid it off faster, until I was unemployed for 18 months, then it was still easy to make that payment.
Of course, I am older and have 30+ years of history with the credit union.
My credit union took one look at the value and said it was worth 23k. Gave me a new car loan with low interest.
I have six more months to pay and the monthly payments were $212 per month. I though I should have paid it off faster, until I was unemployed for 18 months, then it was still easy to make that payment.
Of course, I am older and have 30+ years of history with the credit union.
#49
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wow read some of your insurence quotes i think im gettin ripped LOL i pay 150 a month and have one claim from 04, this is with full coverage however I belive in all honestly it should be 100 a month I think im ganna check into some other insurence lol
as far as loans I had shitty credit from a repo that I co signed for back in 06 and I never used my credit since. i got financed on a 01 ws6 with 100k on it so I dont think its to hard to get financed, some banks will do anything with enouph down
as far as loans I had shitty credit from a repo that I co signed for back in 06 and I never used my credit since. i got financed on a 01 ws6 with 100k on it so I dont think its to hard to get financed, some banks will do anything with enouph down
#51
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i financed my 99 t/a with 85,000 miles on it through State Employees Credit Union here in NC. i was 19 years old, had zero credit and a part time job with the county. blue book was $8,600 and i borrowed 8k. after i paid off about 2k i took out a loan against the car and got $1,800 to get a new clutch,tires, and exhaust. so total im paying about $10,000 for the car (on paper)
#52
First time poster here.
I have heard that some banks/credit unions limit the car you can get to a certain year/mileage.
I would be going though a credit union and the car I am looking at is a 2000 Camaro SS with 44k miles priced at $12500. Are any of you guys running into problems with getting your LS1 F bodies financed? or is everyone pretty much forking out the cash for their cars?
I have heard that some banks/credit unions limit the car you can get to a certain year/mileage.
I would be going though a credit union and the car I am looking at is a 2000 Camaro SS with 44k miles priced at $12500. Are any of you guys running into problems with getting your LS1 F bodies financed? or is everyone pretty much forking out the cash for their cars?
-still running like a champ today.
#53
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I paid cash for mine. A bank would never give me enough on a loan to finance my car the way I bought it. I am glad I payed cash for it although I do wish at times I had just bought a stripped out race car with the same drive train for half the price because at the time I wanted a fast street car. Since all I really do with the car is race it, I don't need it to be streetable seeing I have a daily.
Get what suits you at the time that's best, not what suits your ego or need for speed best.
Get what suits you at the time that's best, not what suits your ego or need for speed best.
#54
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paid cash for both my ls1 f bodies , but no bank would probably give me a loan ( if I wanted one...) for 173k or 228k mile cars. Paid under $4k for each with mods in sig.
good value in high miles cash purchase - worst case you pop a major component and have to spend another $2-3K for an engine or well built trans
good value in high miles cash purchase - worst case you pop a major component and have to spend another $2-3K for an engine or well built trans
#58
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insurance i pay 97.25 a month and i am 21 with no record and my car payment is 169.70. got my 2000 ws.6 with 132000 for 2500 and traded in my 93 camaro z28 with 98000. i think i purty much stole the car from the dealer. i lucked out on my insurance though.
#60
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I got a loan for mine through a credit union. My credit is somewhere between good and excellent i would say. I bought a 2000 WS6 and it was 11,900. I got approved for what's called an unsecured loan. They blue booked the car and it wasn't worth 11,900 by blue book standards so i had to use a vehicle i already owned as collateral. I also got raped on interest rate. almost 7 % but what can i say i wanted it lol. That's the route i had to go. Once you get the balance of the loan paid down to what the car blue books at you can clear the title of the vehicle used as collateral. You could also check into a home equity loan assuming your a home owner. If you have enough equity built up to do something like that. Interest rates are usually much lower. ....Good luck...hope you get your toy