Dealership wont wait 2 weeks for me to purchase car
03-14-2001, 12:32 PM
#21
Registered User
Join Date: Oct 2000
Location: Austin
Posts: 401
Likes: 0
Received 0 Likes
on
0 Posts
Sorry Andre, but you got problems. When you decided you wanted this car, you had to figure that it was going to show up one day and you should have had the money ready. My advice. Drop it, get your finances in order, and then go look for the car. There are a number at or near MSRP. Go look for one when you are actually in a position to buy one!
03-14-2001, 06:57 PM
#22
1/4 point nvmys2k? Guess your not an investor. When FED MON COM meets next, the drop should be HUGE the economy is dead...market is at a MAJOR low. Recession is on the horizon. Bush ain't done...look for a jump start 1/2 point easy.
03-14-2001, 07:16 PM
#23
Registered User
Join Date: Dec 2000
Location: South Bay
Posts: 3,362
Likes: 0
Received 0 Likes
on
0 Posts
Dealership has every right to sell it to me if i come in and you aren't ready. If I were you I'd...
1) Take out a car loan with no prepayment penalty and BUY THE CAR!
2) When Pops gets his loan settled, use those funds to payoff car loan and now you owe Pops
This all is contingent upon the fact that your finances are in order and you are actually ready to buy this car. (you actually should have been ready 3 weeks ago right? since the car was late???)
Remember, its not just the $ to buy the car, you also will incur ownership costs such as insurance, maintenance, paying of speeding tickets, not to mention the time you'll sepnd thinking about the car, wondering if anyone slashed the top b/c you may have left CD's in plain sight, etc...
So actually, the first step is to really think about whether you can afford the car. Good luck either way!
1) Take out a car loan with no prepayment penalty and BUY THE CAR!
2) When Pops gets his loan settled, use those funds to payoff car loan and now you owe Pops
This all is contingent upon the fact that your finances are in order and you are actually ready to buy this car. (you actually should have been ready 3 weeks ago right? since the car was late???)
Remember, its not just the $ to buy the car, you also will incur ownership costs such as insurance, maintenance, paying of speeding tickets, not to mention the time you'll sepnd thinking about the car, wondering if anyone slashed the top b/c you may have left CD's in plain sight, etc...
So actually, the first step is to really think about whether you can afford the car. Good luck either way!
03-14-2001, 09:17 PM
#24
Registered User
Join Date: Oct 2000
Posts: 209
Likes: 0
Received 0 Likes
on
0 Posts
Please, someone correct me if I am wrong, but when the Feds lower the interest rate, it is actually to get people to get their money out of savings, cd's, and other safe harbors to stimulate the stock market. This has a negative impact on mortgage rates (they acutally go up), and also may take several monthes for the effect to trickle down. You better tell your Dad to check with another mortgage broker to make sure someones not trying to screw him.
Just something I heard on Clark Howards show.
[Edited by Bobway on 03-14-2001 at 10:20 PM]
Just something I heard on Clark Howards show.
[Edited by Bobway on 03-14-2001 at 10:20 PM]
Thread
Thread Starter
Forum
Replies
Last Post