Join the Club Mines $465. I have Negative Equity as well. But i'll take my $465 for a HHR over paying $580 for my Truck, Not to mention Fuel Mileage is a savings in its self.

Had to go to IN this past 4th. Got 26.5mpg with only 200 Miles on the HHR compared to my last vehicle at 20mpg.

 

i bougth mine for $31000 (october 2007) and payd $25000 so my monthly is under $100

 

I feel like i got screwed big time on my loan...my car was around 15,500 for a 08 LS 5-speed, and then they hit me with a 11.2% interest rate, and it equals out to $298 a month for 72mos. I hate being young. Its the first thing ive ever had a loan for and ive never had money problems. They told me that i had a high credit score just not enough credit so i get to eat like 6 grand in interest. But i love this thing so much so it is worth it i guess and everyone has to start somewhere. Thanks!

 

$0.00 as I wrote a check for the car..paid cash sort of. I used my home equity line of credit. Interest is tax deductible and 4.75% rate.

 

Man, really sorry to hear about this. Just a personal "thing" with me......I hate when people are obviously taken advantage of.

But I've got to say....

You couldn't possibly have a HIGH CREDIT SCORE if you have had NO CREDIT....they are just NOT compatable.

It just doesn't work that way, unless you have accumulated years of credit for scrutiny and/or had a lot of "recognized" credit accounts and paid them on time, in full. So, I think your finance people "spoke with forked tongue".

But, and this is only an opinion based on some witnessed events, you probably can look at the bright side of this event. If you pay on time...NEVER late...and pay in full or slightly before termination date....it will more than likely raise your credit score and give you a better choice next time.

 

I've got some questionable credit and got a 7.49% rate.

$15K financed 72 months for $258.98/month.

 

First post over here. Someone left the door open so I walked on in.

New Red SS auto w/ every avail. option.

$0 down, 0/72...$387 mo.

I did not purchase any other warr.

 

New 2008 Black SS Auto

$0 down, 0/72...$350 mo.

 

Dude that sucks, the guy who does the paperwork gets paid for the more points in interest he can make you sign on for, make payments every two weeks instead of once a month and burn them back on some of that interest.

 

It's way too easy to be taken advantage of if you don't know ALL the rules.

You CAN have a high fico score like say 725 and still have what is called a "thin file". Not enough payment history to justify the best rates.

You are so right about making every payment on time and not to pay it off too early. Another post suggested bi-weekly payments, one way to reduce total intrest paid.