bad situation!!

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May 13, 2006 | 01:07 AM
  #1  
I can offord this car, but the only problem is i have no credit. i'm not gonna just pay off a brand new 06 G35 with cash. i need to get pre approved. i have 15k to put down and i know i can easily make the payments if given the chance. what should i do guys??? whats the best way to talk a salesman into giving me a loan with a fair interest rate??
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May 13, 2006 | 12:11 PM
  #2  
Why not just go ahead and try to get yourself pre-approved? there are many on-line lending company around like E-loan, lendingtree...if you did that? at least you will know if you can be approve for a loan or not and what kind of interest rate you can get, if you walk into dealership and tell them
Quote:
I can afford this car, but the only problem is i have no credit, and what is "fair" interest rate for me?
they will see you as money maker of the week.
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May 14, 2006 | 01:51 PM
  #3  
GO to a credit union, if they have them where you live and get pre-approved.. Or do E-Loan like stated above.. If you do get pre-approved through e-loan, they will call you to talk about your rate, etc.. They will quote you a high rate but simply tell them you were hoping for around 5.59% as that is the going rate right now.. The lady will have the application go back to the department that approves the loan and they will come back to you with a different rate.. Never go for the first rate they quote you..

No credit is ok.. But bad credit is where they get you..
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May 14, 2006 | 01:54 PM
  #4  
you can also try NuVision. i got 4.9 from them. I don't know where yours will be. but it will be worth it just to try it
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May 14, 2006 | 03:06 PM
  #5  
no credit or not enough credit history = no car
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May 14, 2006 | 03:24 PM
  #6  
get someone wllling to co-sign for you.
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May 15, 2006 | 02:00 AM
  #7  
get somone to co sign or buy it under someone else's name like a family member that has good credit...
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