Calgary Jeep Association
General Forums => Chit-Chat => Topic started by: twisted_offroader on April 24, 2007, 07:21:31 PM
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Hello I just joined the site.
I am looking for a good vehicle. How do these used truck dealers do the "bad credit, no credit no problem deal"? Is it a higher down payment, higher monthly payment combination of both. Or do they just want your right arm and the shirt off your back. I would guess these companies want the customer to be working for a company for some time. I am currently not working, but can get a job right away, anywhere. Would the fact I just started working, after a loooong abscence scare these guys away. Or is it just a free for all with these companies trying to get anyone signed up, so they can keep the cash invested, if the truck is repo'd.
I am seeking a $2,000 to $5,000 truck. Unsure to what make/model yet. I would like a Jeep. Comanche perhaps. Late 80's early 90's.
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definitely higher interest rates. theres lots of information if you google for it. all i know is there's big bucks made in poor credit loans.
all i can say is if you go for something like that, bring some lube. a cousin of mine got taken because of poor credit. bought a $8000 car that cost him $16,000 after all the junk. and the car was only worth about $4000 - poor credit = desperate = poor decisions.
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lube lol
Well I can say I know my vehicles pretty well. And I wont be making payments for years. I just need some leeway, so I can save a bunch of cash. And pay it off right away. I know dealerships always hike their prices. But if I find my perfect truck from a dealer, i wont mind spending an extra grand.
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some of those companies charge up to 31% interest
ouch
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31% APR is insane.
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keep it as a LAST resort,you'll be paying out of you.......you know.... :(