I just got a phone call from the Nissan Dealer. I wanted to pick up this beautiful blue 95 SE that they had for 6000. I have horrible credit and really no lump sum of money to put down so I was just going to use my 3rd gen as my down payment (was going to give me 2000 for it) The guy called to tell me that I was approved to be financed but that the blue Maxima that I was interested in had been sold. Now he's trying to sell me a 98 SE for 9000 which is a litte more than I initially wanted to spend. Should I just take this deal or will just about any dealer finance me Im not worried about the interest which I know is going to be high but will just about any dealer finance any kind of credit just with a high interest rate?

 

I would think that he is trying to sell you up. And...he's probably thinking that because you have poor credit, you're probably not going to visit other dealerships in the area so he could do as he chooses with you. Dont let him push around which he will definitely do. Just because you were approved for $9000 doesnt mean you have to spend that much. To protect my credit and future investments, if your budget is 6K, then look for other cars in the lot around that range. I personally would love to get a max, but getting another car for the time being means you're spending wisely....(around 6k)....my thoughts

 

Sounds to me like they're giving you $1000 for your car but writing it up as $2000, that gives you an extra $1000 you don't pay sales tax on. They jack the sales price by $1000. You can get any interest rate you want provided the terms. You will learn that when you go to buy a house--points you get a lower rate, pay a higher rate and the bank will give you cash back. Don't spend more money than you planned, most people regret it when they do. Good luck.

 

Well first off, I always buy something I can afford. Also, I personally wouldn't like to be scuffled off/sold on to something else especially since it's higher.

Then again, that's my personal preference...not to be jerked around.

Running your credit multiple times in a same timeframe may lower your credit score. The banks will consider you checking your credit multiple times as a "this guy looks desperate for money."

Now considering the possible uplift in the economy, it's hard to tell how used car prices will be affected. Take into consideration: Less money in the economy = hold on to old assets; Less money in the economy + zero interest rates = offload old assets for 0 interest cars and vs versa. Also you have to take into consideration of people needing money during christmas, so you could count on that to score some better deals. Or better yet, after the holiday bills come in...people realize how much money they really need after spending and are more desperate to sell.

Anyway, enuff ranting, one fact is that: running your credit scores multiple times in the same period lowers the credit score.

 

Agreed with the second post, he's doing his usually used car salesman techniques. He's trying to lure you in with a bait sale. Say he has a car for sale which he actually doesn't or the car was already sold to begin with to sell you the 98. You say the 3000 dollar difference is a little more than the 6000 that you were originally going to pay but it's a 50% increase in price. If you can't really afford the 95 then you're going to dig yourself a deeper hole with the 98 and probably end up selling it to pay it off.

 

I got my 95SE For $5,900...After a long search... Keep looking, you'll find another one out there.

 

for hrt 98 get it down to 7000 and get it

if htey donm't go that low, i am sure u will find a better one for a better price

 

Don't buy it! Stay within your means. You'll be able to find another 95 for even less money.