What is the best way to build my credit score with a purchase of a car???
I plan on purchasing a '07, '08, or '09 once I arrive back from OIF. Will my credit score increase faster if I put a large amount of money down and have small payments or if I put a reasonable amount of money down and have larger payments???
Public Comments
- A larger amont of money!
- Only purchase a new next year car if available if not wait til they areyoull get a better deal and you put down as much as you can stand if that means four thou then save up and get it. All cars trucks and vans loose 48 % of their value in the first two years so the cheaper you get the car for the more ahead you are when you buy. dont ver pay sticker read the nada value guide for last years car and add 2 thou to the highest nada model fully equiped you are looking for so if your eyeing a bmw3 with leather and every thing in it you can imagine then look up the nada for the model and use the highest nada value for a bmw3fully loaded 07 add two thou and thats your highest dollar you should pay for a new 08 or 09 they get cheaper to make every year for the manufacturer not the customer and with 07 still on the lots all over the nation and last month 1 million alone people lost there jobs thats being the highest amount of lost jobs nation wide in 20 years and now that the 08; models are crowded on the lots and as of august the 09 hit the lot full force they are by november going to need to give cars away so by then they will deal so bad your car wll be three thou less even after you see the invoice never give the guy invoice let me tell you a insider secret I had a fifteen passenger fully loaded commuter van msrp 43000 invoiced 36000 and the guy was begging me to buy offered from me 26000 and he was willing to take my 5 k down ando the deal at 26000. He was so eager to make the deal last month in june 08 I found several other dealers running out after me to my ar offering me deep discounts and I live in california. I was so excited I quickly ran to my wife model on the honda lot on the fourth july and made a deal for a 33000 leather seated fully loaded honda SUV and got it bargained from invoice of 27900 all the way down to 20100 my offer they not only took the offer with four thousand down I got a 8 year warrantee dealed into the contract and they financed honda 2.9 % for the term of four. And I got oil changes for the life as long as I owned it and undercoating and scotchguarded and the clear coat added they didnt bat a eye just a signing and a hand shake with a smile and is a 08 model so I know dealers are so hurting they are almost giving away deals to strong high FICO SCORED good down buyers. specially come memorial day weekend they will probably deal even harder cause the 09 moels will have to coem on the lot and i saw over half the cars on his lots and the fords lot and even chevy all had half their lots full of 07 models and half a lot full means at least 50 % his over head was old models and the new ones on the lot he had to move for the 09s had just started to be delivered. I saw six new models 09s just a sprinkle in june of 09s so you know they got over 90 days worth more like 120 days worth of stock on his lot and he has at least another 25% of his quota of 09s coming by september he was sweating his salesmen to not let us walk without our names on the board as a sale I overheard him say you let him leave without a car on the board you lost your job. He is still working I bought cause aint no way I could have gotten that honda the warranty and scotchgaurd and oil changes for the life i own the car fully loaded with over 7000 off the invoice getting my lowball offer accepted. wow cheers make your deal cause they are hurting.
- i do not know how much your score can be rasied but this will defeinitely help you out. i went to http://offur.com/fixcredit , a totally free service that helps you raise your credit and create a plan to keep it up. its pretty helpful.
