Battle Pope
Well-Known Member
I just found out that for me to get a car loan on a 1995 Civic DX I would be paying... wait for it...
16.5% interest.
Mother of God.
16.5% interest.
Mother of God.
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Originally posted by Battle Pope@Sep 13 2005, 02:20 PM
It's at my credit union, where I've been a member for 3 years or so.
It's not bad credit, just lack of credit. I haven't really established a credit score yet.
Even with my grandmother cosigning for me it would be 9.5%. It's nuts.
[post=553740]Quoted post[/post]
Originally posted by Celerity@Sep 13 2005, 12:13 PM
Also, that means that when you're done paying for the 95 Civic, you will have given the bank almost $20,000.
Tell me how that makes you feel.
Wait till you buy a house, then you'll have a true hatred for banking. (Typically, a $200,000 house will cost you almost $1,000,000 when you're done paying for it)
[post=553771]Quoted post[/post]
Originally posted by Celerity@Sep 13 2005, 03:13 PM
Also, that means that when you're done paying for the 95 Civic, you will have given the bank almost $20,000.
Tell me how that makes you feel.
Wait till you buy a house, then you'll have a true hatred for banking. (Typically, a $200,000 house will cost you almost $1,000,000 when you're done paying for it)
[post=553771]Quoted post[/post]
Originally posted by b204dr+Sep 13 2005, 01:38 PM-->Battle Pope@Sep 13 2005, 02:20 PM
It's at my credit union, where I've been a member for 3 years or so.
It's not bad credit, just lack of credit. I haven't really established a credit score yet.
Even with my grandmother cosigning for me it would be 9.5%. It's nuts.
[post=553740]Quoted post[/post]
thats what happens when you want to get a loan on an old ass car-
if you get some thing newer you will get lower rates - brand new is about 5% right now unless you get a dealer special rate
I got o%
[post=553753]Quoted post[/post]