what kind of loan did you get stuck w/
#1
what kind of loan did you get stuck w/
this is for the 4th, and 5th gens, thinking about upgrading. lemme hear some stories cuz the 4th ranges from 7-9 give or take depending. i've been told if you can't cash it out, you can't afford it
#5
4th gens were only made in 99? damn I must have a 3.5 gen. simple arithmetic states that the mean age should be used. 95-99 = 12-8 years. the meiddle or average is 10 years. so...........nothing like paying $8000 for a 10 year old car with a $4000 price tag.
#10
Originally Posted by Fr33way™
I would say if you can't get the cash together to buy a 4th gen now probably isn't the time to be looking for a new car.
#11
i droped 8k on my maxima in cash almost 2 years ago.
dont banks kinda laugh when u ask for a 4k loan or so...
i've been looking to upgrade into a 16-18k used car currently but no one wants to give me the loan
dont banks kinda laugh when u ask for a 4k loan or so...
i've been looking to upgrade into a 16-18k used car currently but no one wants to give me the loan
#12
Originally Posted by 2da mizzax
4th gens were only made in 99? damn I must have a 3.5 gen. simple arithmetic states that the mean age should be used. 95-99 = 12-8 years. the meiddle or average is 10 years. so...........nothing like paying $8000 for a 10 year old car with a $4000 price tag.
4th gens are usually sitting around $8k - $4k in my area while 5th gens are $16-$8k. Personally, I'd recommend staying away from a loan unless it's a do or die situation like your car is dead and you need a car by tomorrow for your job/school. Don't throw away your money. I bought my car with cash over 3 years ago. Luckily I had a little extra on the side for all the cool sensors our cars come with.
#13
Originally Posted by Batxel
Technically, the original poster said 4th and 5th gens so the median would be 8 years.
4th gens are usually sitting around $8k - $4k in my area while 5th gens are $16-$8k. Personally, I'd recommend staying away from a loan unless it's a do or die situation like your car is dead and you need a car by tomorrow for your job/school. Don't throw away your money. I bought my car with cash over 3 years ago. Luckily I had a little extra on the side for all the cool sensors our cars come with.
4th gens are usually sitting around $8k - $4k in my area while 5th gens are $16-$8k. Personally, I'd recommend staying away from a loan unless it's a do or die situation like your car is dead and you need a car by tomorrow for your job/school. Don't throw away your money. I bought my car with cash over 3 years ago. Luckily I had a little extra on the side for all the cool sensors our cars come with.
technically the original poster posted in the 4th gen forum, so the mean again is a 97. $4k something pertaining to both models should be in the general maxima forums.
#15
bought it in 06 99 SE 5spd blk/blk bought it from a polish dealer, found it by mistake actually i got the wrong address i was going to look at another maxima... found this one. The guy wanted 10k for it. But my buddy and i talked him down to 7.5k (cash he said). I split it kind of 4k cash and 4k loan, all together the car was 8 with taxes and dealer fees and such. still got 2k left on the loan
#16
Here is a counterpoint...
If you want to buy a 4th gen for, say, $4500, and you have not yet paid off whatever you drive, then saving up $4500 on top of current payments can be tough. In my situation, if I were to buy a 4th gen I would be trading down in value, but I still owe on the SpecV, so if I sold it I would just about break even but that would mean having to borrow the money to get a new car. It would be this way for anyone who was trading down in an attempt to lower their payments. Some people (me) do dumb things like buy a brand new car (or 2004 Silverado) and realize a year later that they hate it, then they have to sell if at break-even if they want to get out of it. I was planning to buy another I30 but missed out on it or I would have been borrowing $6000 on a 96 I30t 5MT VLSD. I just could not get the truck sold fast enough to work it out.
18 months ago I borrowed $2500 to buy a truck for work. I already had the Spec and needed a truck for work. I did not have $2500 sitting around, so I went to the credit union and borrowed it.
Edit: My typing es teh suxor.
If you want to buy a 4th gen for, say, $4500, and you have not yet paid off whatever you drive, then saving up $4500 on top of current payments can be tough. In my situation, if I were to buy a 4th gen I would be trading down in value, but I still owe on the SpecV, so if I sold it I would just about break even but that would mean having to borrow the money to get a new car. It would be this way for anyone who was trading down in an attempt to lower their payments. Some people (me) do dumb things like buy a brand new car (or 2004 Silverado) and realize a year later that they hate it, then they have to sell if at break-even if they want to get out of it. I was planning to buy another I30 but missed out on it or I would have been borrowing $6000 on a 96 I30t 5MT VLSD. I just could not get the truck sold fast enough to work it out.
18 months ago I borrowed $2500 to buy a truck for work. I already had the Spec and needed a truck for work. I did not have $2500 sitting around, so I went to the credit union and borrowed it.
Edit: My typing es teh suxor.
#20
Originally Posted by KsuMax
I bought my car with cash back in 02. I think a bank will laugh at you if you try to get a $4000 loan for an old car.
#21
i kind of agree with some of these guys. the interest rate is going to kill you from a car this old. best bit is to buy it cash, and spend the finance money to fix it up. (brought my 95 gle with 80K in 01/06 for $3500, and don't regret it at all)
#22
Do you have to get a car loan? For 4 or 5 K a personal loan or line of credit would do the trick.
I got a 4 K personal loan when I bought my 86 RX& a number of years back. Interest rate was better too.
A lot of people don't just have 4 or 5 K in liquid cash sitting around. It doesn't mean they aren't financially sound.
I got a 4 K personal loan when I bought my 86 RX& a number of years back. Interest rate was better too.
A lot of people don't just have 4 or 5 K in liquid cash sitting around. It doesn't mean they aren't financially sound.
#23
Originally Posted by Toolatecrew
Do you have to get a car loan? For 4 or 5 K a personal loan or line of credit would do the trick.
I got a 4 K personal loan when I bought my 86 RX& a number of years back. Interest rate was better too.
A lot of people don't just have 4 or 5 K in liquid cash sitting around. It doesn't mean they aren't financially sound.
I got a 4 K personal loan when I bought my 86 RX& a number of years back. Interest rate was better too.
A lot of people don't just have 4 or 5 K in liquid cash sitting around. It doesn't mean they aren't financially sound.
I know someone who bought a 4th gen on a credit card and transferred the balance to a 12-month no interest credit card, made payments for a year, then transferred it back to the original card after 12 months and did the same. He did that dance 3-4 times and paid it off without paying interest.
#24
Originally Posted by phenryiv1
No, you can buy a car with any type of loan, personal or not.
I know someone who bought a 4th gen on a credit card and transferred the balance to a 12-month no interest credit card, made payments for a year, then transferred it back to the original card after 12 months and did the same. He did that dance 3-4 times and paid it off without paying interest.
I know someone who bought a 4th gen on a credit card and transferred the balance to a 12-month no interest credit card, made payments for a year, then transferred it back to the original card after 12 months and did the same. He did that dance 3-4 times and paid it off without paying interest.
#26
Originally Posted by Dan_E_Boi84
Yep...I bought my 99 max for 6500, paid $4000 down and was loaned 2500 by the bank and lived off my credit card till I paid off my car with the cash I earned. My credit card has no Interest for a year and so I paid my car off in about 3 months $104 was the minimum payment.... NO INTEREST IS THE WAY TO GO!!! So now it's time to pay off the card...
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