What's the catch with these no credit check, open loan-ok, $500 down dealerships? This one in particular seems too good to be true. Am I missing something? Can an experience buyer check it out and let me know of their opinion? This will be my first car.
mnfreshstart(facebook and website name)
>pic related, it's from their website
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29.9% interest and a HIGH payment on short terms
Ah I see. Thanks m8.
This, and they'll just repo and resell it when you inevitably can't make the payments because people who make payments wouldn't be looking at places like this. They're scumbags.
Well I'm just starting off in my life and desperately need a car. A reliable car. Messed up on my student loan earlier on by going awol but am making enough to cover my rent, loans and $400 in total(per month for car payment and insurance). Just need a 2nd chance m8.
I'm not saying you're a scumbag--I'm saying they're scumbags. I think you'll inevitably you'll regret this decision, but when you've got no choice, you've got no choice.
Save up that $400 a month for a few months. Ride the bus in the meantime, and start looking for a Craigslist Special.
The car loan route is not safe, and they'll take you for as big a ride as they can.
Honestly if the interest rate is as high as
stated, I won't go through with it. I'm not desperate enough to be blinded by a conman. It's just that this dealer had a car I wanted but it's literally too good to be true.
I agree. I'll probably do this and just get a cheap beater but public transportation is not an option for me so I'll have to see which route I take.
I think it's probably going to be more along ~18%. I would do this if it's at all feasible to ride bus.