Can you even buy a car with $0 down these days?
09-28-2008, 03:26 PM
#4
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I attempted to purchase a 2008 G37 last night based on a credit score of 645 avg (they said I was in Tier 3) with 0 down. The payments were going to be 750+ month for approx. 38k in financing (MSRP of 42k down to 38k, 2008 models need to sell very soon for incoming 2009 models).
Your credit history is so important, more than I realized...I decided to work on my credit report items first to get my score up to 690-700 (min for Tier 1) and then try again. If this WAS already the case, I could of drove off last night with 0.9% APR and 0 down with 600/mo for 60 months.
Your credit history is so important, more than I realized...I decided to work on my credit report items first to get my score up to 690-700 (min for Tier 1) and then try again. If this WAS already the case, I could of drove off last night with 0.9% APR and 0 down with 600/mo for 60 months.
09-28-2008, 06:41 PM
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I attempted to purchase a 2008 G37 last night based on a credit score of 645 avg (they said I was in Tier 3) with 0 down. The payments were going to be 750+ month for approx. 38k in financing (MSRP of 42k down to 38k, 2008 models need to sell very soon for incoming 2009 models).
Your credit history is so important, more than I realized...I decided to work on my credit report items first to get my score up to 690-700 (min for Tier 1) and then try again. If this WAS already the case, I could of drove off last night with 0.9% APR and 0 down with 600/mo for 60 months.
Your credit history is so important, more than I realized...I decided to work on my credit report items first to get my score up to 690-700 (min for Tier 1) and then try again. If this WAS already the case, I could of drove off last night with 0.9% APR and 0 down with 600/mo for 60 months.
That's some fuzzy math.
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So i said no.
09-28-2008, 10:21 PM
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You do understand there's a $12k difference between $800 and $600 month for 60 months? One amounts to $36k, the other $48k.
The difference is about as big as my dong.
09-28-2008, 10:26 PM
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Good Point guys, the dude dont know how to do his Math $600x60 months is a total of $36,000 that means his car was around $32,800 before tax and tags and finance charge. Not for a car that originally stickered for $42k. No way in hell is he getting $9000 discount. I payed $39,300 for my $44,020 msrp g37, after tire protection and tax and tags, my total came to $43,000 with $9000 down my loans $34,000 so my payments $580 a month for 60 month. total of $800 interest on my loan.
09-28-2008, 10:41 PM
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Bought an OB 08 G37/6MT/prem/nav/trunk/splash/spoiler for invoice price $39,400 with $0 down and tier 0 credit. After tax,title,doc etc was added in the monthly payment came to $734. 
09-29-2008, 02:46 AM
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My math was bad because I forgot to mention trade-in and 4k+ off...oops. Sorry for throwing everyone off.
My point was about the credit score importance anyway. I didn't want to put 8-10k down to act as a blanket over the true problem, my credit score...
My point was about the credit score importance anyway. I didn't want to put 8-10k down to act as a blanket over the true problem, my credit score...
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