# Auto financing help needed **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [March 27, 2008, 7:40pm UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773 "2008-03-27T19:40:30Z")\ **Posts on this page:** 20\ **Page:** 3
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 28, 2008, 8:21am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/41 "2008-03-28T08:21:04Z")
> [@JayS](#): > > My problem with a used Honda is what you get for your money because of that resale. When I was helping my b-inlaw look at cars around 8k he could get a couple year old Focus with 20k miles, or a 5 + year old Honda with 90k miles. That 90k mile Honda is going to be getting pretty old in the 4th year of that loan at 12-15k/year. Or fucking Subarus. 10 year old 100k Impreza RS’s going for $8k my ass. :rant: ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [March 28, 2008, 8:28am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/42 "2008-03-28T08:28:53Z")
[myfico.com](http://myfico.com), spend the $30 to see what her scores are and whats on the reports. Then she will see if she will even be able to get a loan with out a co-signer. With short history and first time car buyer she might have a had time getting a large amount without a co-signer. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 8:29am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/43 "2008-03-28T08:29:00Z")
haha yeah, prices on subarus are outrageous i think we are going to go look at some used sentras. the prices are great on cars with only about 50k miles. ---
**Author:** ![nitroinsane](https://avatars.discourse-cdn.com/v4/letter/n/d26b3c/32.png) [@nitroinsane](https://forums.speedlife.net/u/nitroinsane)\ **Post date:** [March 28, 2008, 8:31am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/44 "2008-03-28T08:31:41Z")
I will tell you what sir.I hated my 05 cobalt. I beat the shit out of it everyday I drove it. It had 60 thousand really hard miles put through it. When I traded it in you know what i bought? Another cobalt.People hate on them but the 2.2 ecotec motor is very reliable and I averaged about 35 36 mpg on the way back from Rochester. If she was to smart buy a cobalt. three years she can give it back. In 05 I had a fully loaded ls and I payed 175 a month. This one I have now was more.Plus I had to roll over mileage. I pay 235 a month. I also bought this one. For a first car it is not a bad idea especially if her credit is not that great. my credit sucked when I bought that car. Ii was paying 12 percent.This one I think is around 4 percent. I cant really remember. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 8:34am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/45 "2008-03-28T08:34:41Z")
I don’t buy domestic, sorry guys. ---
**Author:** ![dubbin91](https://avatars.discourse-cdn.com/v4/letter/d/ecccb3/32.png) [@dubbin91](https://forums.speedlife.net/u/dubbin91)\ **Post date:** [March 28, 2008, 8:58am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/46 "2008-03-28T08:58:21Z")
your not, she is. people are giving you advice, listen to it ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 9:00am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/47 "2008-03-28T09:00:21Z")
> [@dubbin91](#): > > your not, she is. people are giving you advice, listen to it i’m not asking for advice on what car to buy, I am asking for financial advice. Thanks though. Doesn’t matter if its me buying it or her buying it, in the end, when it breaks, I will be the one dealing with it. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [March 28, 2008, 9:04am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/48 "2008-03-28T09:04:02Z")
> [@JayS](#): > > Explain? The two times I’ve used them they fedex’d me a blank check approved to xx,xxx. Walk in, negotiate like you’re paying cash, and write the amount on the check. The dealer called the 800 number to verify I didn’t just print the check at Kinkos and 5 minutes later I left with the vehicle. because the stipulations are a huge pain in the ass for us because we send them and then you call and get someone different everytime and they don’t have a clue what your talkign about. Its easy for the customer but a pain for us. Also its not always a guaranteed approval and we have been royally screwed before. basically when they first came out the customer came in with the “check” detached (so no sheets with the requirements) and used it like a check. they didn’t qualify for some of the stipulations and Cap One didn’t finance the loan so we got screwed for like 40,000 grand. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 28, 2008, 9:23am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/49 "2008-03-28T09:23:31Z")
have her walk into a credit union and see what they will finance her on. then you have something to baseline the dealers against. so no need to guess, or hope for the best. I wouldn’t even start shopping cars yet. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 9:32am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/50 "2008-03-28T09:32:50Z")
what credit unions can I go to? ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 28, 2008, 10:10am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/51 "2008-03-28T10:10:00Z")
anyone you want, or even a good bank… almost all credit unions take everybody at this point. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 10:20am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/52 "2008-03-28T10:20:58Z")
I don’t know of any, have you ever used one? ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 28, 2008, 10:33am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/53 "2008-03-28T10:33:13Z")
come on guy, show a little initiative… google or a phone book and find one close to you. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [March 28, 2008, 10:38am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/54 "2008-03-28T10:38:15Z")
I am a little iffy on just opening a phonebook and borrowing $10,000, sorry man. Just looking for someone that has had a good experience. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 28, 2008, 10:48am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/55 "2008-03-28T10:48:43Z")
any credit union or bank is fine… chances are that regardless of where you finance a car they’ll sell your loan to another bank anyway… it’s not like you have control to pick who holds the note at the end of the day. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [March 28, 2008, 11:23am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/56 "2008-03-28T11:23:28Z")
Cornerstone FCU in Lockport, Navy FCU is national, and there are some from down here we’ve had to deal with but I bet you don’t want to come down to the deep south to go to one. Obviously I am a bit biased because I’ve never had to think about where I get my car or financing or anything like that but dealers rates are usually better than credit unions and you can tell us which bank you like. Not guaranteeing that they would say yes but they are there. ex. I use GMAC, M&T, Community Bank, Steuben Bank, Five Star, Wachovia, Alliance, TD Banknorth, Fifth Third, Capital One, Citizens, Wells Fargo, Americredit and our other stores have others as well GMAC, M&T are usually the best ones to buy a deal for us because we send them so much business so thats where I would start if you came to me to buy a car:wave: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 28, 2008, 11:51am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/57 "2008-03-28T11:51:28Z")
Cornerstone is pretty lax about membership… i’ve mentioned them before as one of my past lenders. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [March 28, 2008, 11:52am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/58 "2008-03-28T11:52:49Z")
^thats why I mentioned them, i think you talked about it in the auto loan thread we had and said good things ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [April 9, 2008, 6:21am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/59 "2008-04-09T06:21:54Z")
Looks like she may go ahead and take advantage of Honda’s recent graduate credit program. Basically you have to prove that you graduated within the past 2 years, no adverse credit, a job, social security card, and license. They have competitive rates and the guy at Don Davis is really cool, and is going to try his best to get us a good deal on a new honda. Will post back over the weekend once we go back to the dealer. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [April 9, 2008, 7:23am UTC](https://forums.speedlife.net/t/auto-financing-help-needed/45773/60 "2008-04-09T07:23:56Z")
good stuff… let us know because i’m curious to find out how it goes [Previous page](https://forums.speedlife.net/t/auto-financing-help-needed/45773.md?page=2) [Next page](https://forums.speedlife.net/t/auto-financing-help-needed/45773.md?page=4)