Loan savvy people.
07-07-2003, 02:06 PM
#1
you motorboatin' s.o.b.
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Loan savvy people.
I'm debating whether I should refinance my integra loan, it'll go down $100 per month, but here's the kicker... it's under my dad's name, so I would need to do this to build up credit history, which I think he'd be okay with. Now, how long would it take for me to build up enough history to finance about $14k? 
I also have good credit, just not enough history.
h:
I also have good credit, just not enough history.
h:
07-07-2003, 02:09 PM
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not sure if it would be worth it or if you can get a low interest for that amount...
having said it shouldn't matter if it's under your dad. he would just use the check you get to pay off the loan then sign the car over to you, you pay some tax, etc.
that is assuming you get approved for the loan
having said it shouldn't matter if it's under your dad. he would just use the check you get to pay off the loan then sign the car over to you, you pay some tax, etc.
that is assuming you get approved for the loan
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-07-2003, 02:23 PM
#3
you motorboatin' s.o.b.
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Originally posted by DakarM
not sure if it would be worth it or if you can get a low interest for that amount...
having said it shouldn't matter if it's under your dad. he would just use the check you get to pay off the loan then sign the car over to you, you pay some tax, etc.
that is assuming you get approved for the loan
not sure if it would be worth it or if you can get a low interest for that amount...
having said it shouldn't matter if it's under your dad. he would just use the check you get to pay off the loan then sign the car over to you, you pay some tax, etc.
that is assuming you get approved for the loan
h:
07-07-2003, 02:32 PM
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Originally posted by Derek
My dad would probably cosign to refinance the integra under my name so it goes into my credit history.h:
My dad would probably cosign to refinance the integra under my name so it goes into my credit history.
h:
also go to peoplefirst.com and use their calculator to check for refinancing.
usually for refinance/used cars the rate is higher. if you are a member of a credit union check with them first.
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-07-2003, 02:37 PM
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Rate Monthly Payment Total of Payments
4.39 % $415.77 $14,967.69
that is what their loan calculator spit out for me
amount fiananced is $14K term is 36months and as a refianance.
good luck yo :rick:
4.39 % $415.77 $14,967.69
that is what their loan calculator spit out for me
amount fiananced is $14K term is 36months and as a refianance.
good luck yo :rick:
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-07-2003, 02:38 PM
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I can refinance the remaining amount at a fixed rate of 6.25% at 60/72 months :eh:
maybe I'll plan a robbery, using MINI's to escape.. :rick:
maybe I'll plan a robbery, using MINI's to escape.. :rick:
07-07-2003, 02:41 PM
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Originally posted by Derek
I can refinance the remaining amount at a fixed rate of 6.25% at 60/72 months :eh:
maybe I'll plan a robbery, using MINI's to escape.. :rick:
I can refinance the remaining amount at a fixed rate of 6.25% at 60/72 months :eh:
maybe I'll plan a robbery, using MINI's to escape.. :rick:
not sure if that is worth it... refinancing at 6.25% that is...
60/72 months for a used car... = not good
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-07-2003, 02:59 PM
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You DO NOT want to finance a used car for 5-6 years. Believe me. I'm glad i just got a 3 year loan for my car. I would try to save up for a decent size down payment before refinancing. Then refinance for a pretty short term loan with a good interest rate. Have your dad cosign for you and your golden.