i need help. looking to buy an 05 6mt white coupe/stone/nav/aero. problem is i have no $$ down, trade in my car for what i owe (car in sig 1996 mustang cobra 80k miles, owe 6500) and i have pretty bad credit (563 credit score but should be well above 600, 2 $10k loans payed off from credit union not on report!) and can afford no more then $500/month. can someone please help!!! wheres that guy from inskip in RI?
please help
-Adam

 

Anyone Help Me Please?

 

Hey, saw your other post. See my reply for info on the loan...

As for your credit report, you should get those paid off loans on the reports ASAP. Get it fixed, make sure its fixed, and ask the 3 companies to give you reports saying so with your (much) higher scores. You can get the reports for free, but I think they may charge for the scores. Once you have the scores in hand, print a few copies, and leave one with your sales consultant. They can verify this score with the company if their credit service doesn't have up-to-the-minute data to get your interest rate down.

You can dispute items on your report online from Equifax, I believe. You may have to mail / fax in items to Experian and Transunion. I haven't had to fix something since 2003, so they may all three offer online "correction" services. If not, mail a letter or send a fax.

G'luck,
~ Mike

 

i'm a sales consultant at infinitiofmassapequa.com so i'll give you all the info -- you owe money on your mustang so that will go into your payments of the new vehicle. i doubt there are any '05 6mt's left in ivory pearl because i tried to locate one for a customer of mine and only 2 '06 ivory pearl 6mt's are on the east coast. get a co-signer would be the best way to build up your credit back as well as get you into the vehicle. that is the best advice i can tell you right now. i have a lot of friends in the same situation but you have to make the best out of reality

 

Adam,

I hate to burst bubbles man, but i got my G with a 1.9% rate, $1000 down, a paid off trade-in (valued at 7000... i think), and a credit score of 740. I'm still looking at monthly of 550 for 5 years. Like da mayor said, a co-signer will help lower that rate but i dont know about getting it under 500 a month. Have you thought about leasing?

-Pete

 

ok sold my car privately and now have $2k cash to put down, possibly get 5.9 or lower from my credit union, its what i have had on my past 3 loans from them. now what? possibly have to settle for an 03 prob save about $10k and also save a couple from having $$ to put down!!

 

yes if you lease the payments will definitely be a lot lower than financing but the low 1.99% rates are only valid on remaining '05 stock (which i only have on coupes no sedans).

if you do look at a preowned you will have to dish out money on an extended warranty so the new car might work out better. best of luck.

 

not to worried about warranties, i am a mechanic and will only have to pay for parts if something goes wrong. i def will not lease just something i will not due. we'll see how this works out my finance manager at my work has some connections so i will see how good of a deal i can get and go from there, maybe have ot buy a beater and save up over the winter a couple grand ot put down. thanks again
-Adam