Buying a replacement car on credit.
Jan 15th 2019, 11:39 pm
#16
Account Closed
Joined: Oct 2003
Posts: 0
Re: Buying a replacement car on credit.
Yes I have creditwise for checking my score, thanks for the heads up though.
True, I was only looking at dealers because:
1. At the time of posting I was considering finance, which a private seller wont give
2. I've found very few that weren't wrecks from private parties, plus many 'private' sellers on CL these days are in fact flippers.
True, I was only looking at dealers because:
1. At the time of posting I was considering finance, which a private seller wont give
2. I've found very few that weren't wrecks from private parties, plus many 'private' sellers on CL these days are in fact flippers.
Not sure where you live but something else to be aware of when buying used is if the area has been through any bad storms recently.
There was a big problem here in Texas with vehicles that had been flooded during the hurricane in 2017.
Jan 16th 2019, 12:22 am
#17
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Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,375
Re: Buying a replacement car on credit.
I agree. Or even cold areas where a car could be damaged by all the salt from the roads.
Jan 16th 2019, 12:41 pm
#18
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
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Jan 16th 2019, 3:29 pm
#19
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Location: NC, USA (ex Yorkshire)
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Re: Buying a replacement car on credit.
Jan 16th 2019, 3:33 pm
#20
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Joined: Jun 2011
Location: Los Angeles
Posts: 6,159
Re: Buying a replacement car on credit.
Does extreme sunshine count?
Jan 16th 2019, 5:13 pm
#21
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Buying a replacement car on credit.
Fire? 
I believe that your bailiwick and mine, is about as benign as you'll find in the US for cars - with little salt on the roads, only very localized flooding risk, and rarely hail, but as you said, damage from hail, or being hit by a falling tree/branch (which happened once to our 2003 Accord), is pretty obvious.
I believe that your bailiwick and mine, is about as benign as you'll find in the US for cars - with little salt on the roads, only very localized flooding risk, and rarely hail, but as you said, damage from hail, or being hit by a falling tree/branch (which happened once to our 2003 Accord), is pretty obvious.
Jan 16th 2019, 9:11 pm
#22
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Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Buying a replacement car on credit.
Best bet is to walk in able to make a cash offer, or with a loan ready to go from somewhere else. Dealers are strongly incentivized to sell financing and you might be able to swing a deal on their financing if you have other options ready to go. Particularly if you have a strong credit score that will increase the value of an aggregate loan package for resale. The time I walked in with my own loan, they beat the interest rate once they learned what it was. The time I showed up with cash, they gave me a low rate and knocked the sale price even lower. A key point: Don’t tell them how you’re paying until you’ve settled a final sale price. And don’t be afraid to slow the negotiation down so that you can recalculate your costs - i.e., don’t just jump on the deal because they make you an offer. Note also that this may not be relevant to the OP’s situation, given his restrictions.
Last edited by AdobePinon; Jan 16th 2019 at 9:13 pm.
Jan 17th 2019, 3:51 pm
#23
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Thread Starter
Joined: Nov 2013
Posts: 473
Re: Buying a replacement car on credit.
Best bet is to walk in able to make a cash offer, or with a loan ready to go from somewhere else. Dealers are strongly incentivized to sell financing and you might be able to swing a deal on their financing if you have other options ready to go. Particularly if you have a strong credit score that will increase the value of an aggregate loan package for resale. The time I walked in with my own loan, they beat the interest rate once they learned what it was. The time I showed up with cash, they gave me a low rate and knocked the sale price even lower. A key point: Don’t tell them how you’re paying until you’ve settled a final sale price. And don’t be afraid to slow the negotiation down so that you can recalculate your costs - i.e., don’t just jump on the deal because they make you an offer. Note also that this may not be relevant to the OP’s situation, given his restrictions.
