mrbrown
Banned
- 3,558
- 699
- Joined
- Jan 3, 2011
Just save the money
you make 35K a year and haven't saved
this is why we are America
you make 35K a year and haven't saved
this is why we are America
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
Originally Posted by MrBrown
Just save the money
you make 35K a year and haven't saved
this is why we are America
He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.Originally Posted by StillIn729
Originally Posted by MrBrown
Just save the money
you make 35K a year and haven't saved
this is why we are Americawhat?
DC, not everyone can get to their job using public transportation. Some people have to have a reliable car to get to work, period. No car = no job for some folks.Originally Posted by DCAllAmerican
I know it is a side argument but we have to know how often/far dude is driving to spend $200 in gas a month. I don't even think I do that in 2 months. LOL. But then again, I catch public transportation to work.
I just believe in playing it safe with your money. I don't see how taking out an auto loan is playing safe.
Stylin seems to be more concerned about the actual car he is interested in instead of the financial situation.
I don't know, I just don't like suggesting to young people to take out a loan if you can avoid it.
I understand that, which is why I said, "But then again............"Originally Posted by cguy610
DC, not everyone can get to their job using public transportation. Some people have to have a reliable car to get to work, period. No car = no job for some folks.Originally Posted by DCAllAmerican
I know it is a side argument but we have to know how often/far dude is driving to spend $200 in gas a month. I don't even think I do that in 2 months. LOL. But then again, I catch public transportation to work.
I just believe in playing it safe with your money. I don't see how taking out an auto loan is playing safe.
Stylin seems to be more concerned about the actual car he is interested in instead of the financial situation.
I don't know, I just don't like suggesting to young people to take out a loan if you can avoid it.
this idea is ******ed; he would be blowing more money that way...what are you talking about?Originally Posted by crcballer55
He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.Originally Posted by StillIn729
Originally Posted by MrBrown
Just save the money
you make 35K a year and haven't saved
this is why we are Americawhat?
The key word is "IF".Originally Posted by StillIn729
this idea is ******ed; he would be blowing more money that way...what are you talking about?Originally Posted by crcballer55
He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.Originally Posted by StillIn729
what?
still makes no sense; getting a car loan means you tend to make bad decisions?Originally Posted by crcballer55
The key word is "IF".Originally Posted by StillIn729
this idea is ******ed; he would be blowing more money that way...what are you talking about?Originally Posted by crcballer55
He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.
When you're letting the bank pay you rather than you pay the bank, then you tend to make better and more prudent decisions.
Yes.Originally Posted by StillIn729
still makes no sense; getting a car loan means you tend to make bad decisions?Originally Posted by crcballer55
The key word is "IF".Originally Posted by StillIn729
this idea is ******ed; he would be blowing more money that way...what are you talking about?
When you're letting the bank pay you rather than you pay the bank, then you tend to make better and more prudent decisions.
Originally Posted by C o IVI p L e X
update: applied for car loan at wells fargo (only place i could find that minimum loan was only $5k and they could be used at both private parties and independent dealers since i didn't have a specific car in mind) and got turned down (99% sure it was due to lack of credit history). going to use my girl as a co signer (her FICO score is 715 and has a way longer credit history than me) my question is should i reapply with wells fargo and be pre approved and if so will that be another hard inquiry on my credit or should i just try to finance through the dealership i buy the car? problem is i want to keep my options open if i did want to go through a private party i want to be ready. sorry guys but there is no really persuading me not to take this loan so i guess what i'm looking for is the best advise to get the loan. i do appreciate all of the input though.
only got one credit card open for 11 months.Originally Posted by LuckyLuchiano
Originally Posted by C o IVI p L e X
update: applied for car loan at wells fargo (only place i could find that minimum loan was only $5k and they could be used at both private parties and independent dealers since i didn't have a specific car in mind) and got turned down (99% sure it was due to lack of credit history). going to use my girl as a co signer (her FICO score is 715 and has a way longer credit history than me) my question is should i reapply with wells fargo and be pre approved and if so will that be another hard inquiry on my credit or should i just try to finance through the dealership i buy the car? problem is i want to keep my options open if i did want to go through a private party i want to be ready. sorry guys but there is no really persuading me not to take this loan so i guess what i'm looking for is the best advise to get the loan. i do appreciate all of the input though.
Define lack of credit history