Hi,

As indicated, I'm at the verge of getting a new given the expensive repairs on my 91 GXE with about 370K kilometres

I was at CarMax in Baltimore yesterday. I was interested in a couple of 2000 models. The indicated they have a special program for newcommers in the US. The details are as follows:

-- Cost of car cannot be more than 15,000
-- Newcommer must be in the US for less than 6 months - which I still am
-- Interest rates is about 12%.
-- with at least 10% of total cost downpayment

I still want to get a max and have seen some around 14,000 (with about 60-70K miles) on their plot. The monthly payments will work out to about $350

Do you think this is a good option? And is CarMax a good dealer to buy from?


all the best - MN

 

hmm, those rates are kind of high, check with a Credit Union to see if you qualify there. I am not too sure on the time in the US situation.....

 

Yeah, you are getting raped on interest rates there, but since you don't have any US credit history, that might be your only option.

 

Ouch, that's steep for high interest rate. I think they are taking advantage of you since you're new to this country. I would shop around for a better rate to arrange your own financing instead of the dealer financing.

 

carmax is ****, they charge slightly less than regular dealers but the rates are much higher...

 

CarMax is great since they check the car fully, but they got crazy prices

Go buy it from somewhere else and start bargaining on the price