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Matt Williams
08-01-2005, 04:55 PM
Last week, I asked if a 636 was a bad credit score for buying a car. Well, I was going to get a 2000 Ford Explorer for $9,000. After "reviewing" my credit, I was told that I could get a $6,000 loan with almost 19% interest. The other route I could go was to get a co-signer and "only" pay 14.5% interest. I said no thanks and walked away. So then my boss sold me his old 1994 Toyota Camry for $2,000. The best part is I don't have to pay him. He will automatically take out $75 per paycheck until it's paid off.
lucas9000
08-01-2005, 04:58 PM
how many miles does it have? even though it's a 94 i bet it will last you a while.
Stellastarr
08-01-2005, 04:58 PM
grats.
mwilli31
08-01-2005, 04:59 PM
Congrats on the new car. Now give me my name back!
meep_42
08-01-2005, 05:02 PM
The only bad part is that it won't help your credit.

-d
MrWookie47
08-01-2005, 05:03 PM
That's a good car for a pretty good price. If it's been kept in reasonable condition, you'll be able to get quite a few more years on that car. I've got about 160k on my 88 Toyota Corolla, and it still runs great. I think it's got 10 more years in it easy. Toyota does a great job of building cars that last.
lucas9000
08-01-2005, 05:04 PM
[ QUOTE ]
The only bad part is that it won't help your credit.

[/ QUOTE ]

from the looks of it the only thing that will help his credit is operation mayhem.
Matt Williams
08-01-2005, 05:05 PM
[ QUOTE ]
how many miles does it have? even though it's a 94 i bet it will last you a while.

[/ QUOTE ]

It has 135,000 miles on it. My boss owns a truck company so I know he took good care of it.
Matt Williams
08-01-2005, 05:07 PM
[ QUOTE ]
The only bad part is that it won't help your credit.

-d

[/ QUOTE ]

Yea I know. I don't have any credit cards though. I just got a secured mastercard about 2 weeks ago. It should help get me started.
meep_42
08-01-2005, 05:39 PM
[ QUOTE ]
[ QUOTE ]
The only bad part is that it won't help your credit.

[/ QUOTE ]

from the looks of it the only thing that will help his credit is operation mayhem.

[/ QUOTE ]

/images/graemlins/laugh.gif

-d
siccjay
08-01-2005, 05:41 PM
Good deal. Those don't look to bad.

You will definitely be much better off without a huge car payment. I wish I could get rid of mine.
swede123
08-01-2005, 05:43 PM
19%? Damn, what a bunch of ass-clowns. Good job turning that down for what seems like a reasonable deal on the Camry. Like the others said, get a gimpy $300 limit credit card and work your way up from there.

Swede
DasLeben
08-01-2005, 05:47 PM
Hey, a '94 Toyota. No worries...it's just getting broken in. I have a '94 Toyota Pickup with 179k on it, and it's still running fine. Though, I don't think getting it sideways in the rain helps much...