From my understanding once you have a loan out on a car you need full coverage, its a law or something. 2 grand is alot. I dont even pay that to insure my 06 Evo with tickets and 25K no fault accident on my license and I havent been with an insurance company legally since 2001. Although I’m 25 but i dont think it makes much of a difference. Increase your deductibles for collision and comp, that should bring the price down a bit. I know a little about insurance so if you have any question feel free to PM me if no one else can help
how much in cd? also what is the rate on the cd? how much penalty to break the cd? usually is 3month of interest…
also i don’t understand why would you pay higher interest than the cd if you can pay it.
unless you have more than 50000 in cd it would be smart to break the cd and pay it in cash so you can save in insurance and not pay interest on the loan
So i’m just going to break the CD.
I guess my credit sucks, and she told me why…
I have NEVER been late on a car/credit card payment… but,
I do buy a lot of clothes and I guess I am stupid, because, I usually buy $300+ dollars of clothes at a time so when they ask me if i’d like to open a credit card for their store IE:(express,guess,UO ect…) and I’ll save %30 I usually say yes. Then pay my bill and cancel it.
Well I guess everytime I did that it lowered my credit score.:ham::ham:
To all who were wondering,
If you take out a auto loan, you must carry a minimum of $500 deductable comprehsive,fire,theft and collision on the auto.
A signature loan(personal) will net you a higher intrest rate, and they need a reason for the loan. I told her it would be for the car, but seeing as how I have shitty credit I needed a co-signer
Sounds like you’re going through a lot of shit to get an old rusty Acura. You might want to take a deep breath, calculate how much this is really going to cost after fees, lost interest on the CD, etc and think about how badly you really want this car.
My $.02. Good luck with whatever you decide.
[quote=“BikerFry,post:24,topic:33546"”]
Sounds like you’re going through a lot of shit to get an old rusty Acura. You might want to take a deep breath, calculate how much this is really going to cost after fees, lost interest on the CD, etc and think about how badly you really want this car.
My $.02. Good luck with whatever you decide.
[/quote]
Here is a short list of GSR’s on ebay…
keep in mind, the one I am looking to buy has 53K on it.
It’s also… all stock. After I clean it up and paint it, I’ll still be able to sell it for a profit
http://motors.search.ebay.com/gsr_Integra_W0QQfromZR4QQsacatZ5335QQssPageNameZWLRS
Now, I am not doing this for a profit… I’m doing it because I’ve always wanted to buy an integra.
But I also know I can make a small profit on this car.
the most I’ll lose from the cd will be 50 bucks. granted I won’t gain interst but I hope I can make atleast $1000 off of this car.
also, I will be deleting all these posts when I go to sell the car:spam::spam:
1g, not worth it. wait. and use it for a house.
Its def. hard to find a GSR that has not been modded.
[quote=“sedlmeier101"”]
It’s going to need some TLC both rear 1/4 panels have rust around the wheel wells and the rubstrip is missing on the driver side along with a good size dent on the driver side door…it will need new rotors/pads but other than that.
[/quote]
[quote=“sedlmeier101,post:19,topic:33433"”]
So, I put it on the lift today, and the car is a no go. everything is tight on it…but the rust is terrible. It looks like the car sat in a field for a year. The fuel lines, brake lines and power steering lines are all rusted pretty good.
also the gas tank straps are pretty rusted as well.
[/quote]
[quote=“sedlmeier101,post:4,topic:33546"”]
Liability only is still $700 a year.
[/quote]
[quote=“sedlmeier101,post:23,topic:33546"”]
So i’m just going to break the CD.
I guess my credit sucks
[/quote]
[quote=“sedlmeier101,post:25,topic:33546"”]
I’m doing it because I’ve always wanted to buy an integra.
But I also know I can make a small profit on this car.
the most I’ll lose from the cd will be 50 bucks. granted I won’t gain interst but I hope I can make atleast $1000 off of this car.
[/quote]
If you were just looking for cheap transpo it might be worth pursuing, but if I were in your shoes I’d keep looking for something perhaps with higher mileage but in better shape since it’s a second car/toy. People who totally neglect their cars cosmetically don’t tend to be real good with mechanical maintenance either.
I’m not giving you shit. It sounds like you’re thinking this through, and hell it’s none of my business anyways. Just offering my 2 cents.
It seems like there’s a lot of risk with this car, and I personally wouldn’t want that much risk with a car meant to be a fun second car/toy.
Edit: Oops, intended this post to be in the other thread in GA. :hang:
[quote=“sedlmeier101,post:23,topic:33546"”]
So i’m just going to break the CD.
I guess my credit sucks, and she told me why…
I have NEVER been late on a car/credit card payment… but,
I do buy a lot of clothes and I guess I am stupid, because, I usually buy $300+ dollars of clothes at a time so when they ask me if i’d like to open a credit card for their store IE:(express,guess,UO ect…) and I’ll save %30 I usually say yes. Then pay my bill and cancel it.
Well I guess everytime I did that it lowered my credit score.:ham::ham:
To all who were wondering,
If you take out a auto loan, you must carry a minimum of $500 deductable comprehsive,fire,theft and collision on the auto.
[/quote]
Never cancel a credit card dude, pay it off keep it just dont use it. I use credit cards for 0% intrest then pay them off but never cancel. The credit card company cancels them if inactive use usually. And yes that will lower your credit score.
$500 deductible if you take out an auto loan? Thats not true. Are you talking about with the place your taking the loan out from?
the deductible dollar amount is a requirement of the lender, not the insurance company. Many lenders have a “maximum” deductible they’ll approve.
To dispell:
Contrary to Jrods comments, having TOO MUCH availble LOC on your reports can ALSO HURT YOU depending on your financial situation.
But, yes, you damaged yourself with all of the store cards. By constantly opening new LOCs and then canceling them You are lowering your avg. age of account, which plays a large factor. Also, you have yet to establish any kind of credit use, or payment history judging by that.
[quote=“Nikuk,post:30,topic:33546"”]
To dispell:
Contrary to Jrods comments, having TOO MUCH availble LOC on your reports can ALSO HURT YOU depending on your financial situation.
[/quote]
Yes… I was gonna add that as well but forgot, good point. Its good to build credit first.
Moral of the story, it’s not worth opening those store accounts to save a few bucks.
not all lenders force you to have full coverage… i had liability only on my daily driver. i took a loan out on that as well.
edit: also, what are you guys talking about having more open credit helps your credit score :ham:
[quote=“Nikuk,post:30,topic:33546"”]
t
Contrary to Jrods comments, having TOO MUCH availble LOC on your reports can ALSO HURT YOU depending on your financial situation.
[/quote]
I don’t necessarily agree with this. I’m interested in hearing you elaborate on it.
[quote=“Nikuk,post:30,topic:33546"”]
But, yes, you damaged yourself with all of the store cards. By constantly opening new LOCs and then canceling them You are lowering your avg. age of account, which plays a large factor. Also, you have yet to establish any kind of credit use, or payment history judging by that.
[/quote]
^true
wait what happened to the E36
[quote=“sureshot!,post:34,topic:33546"”]
I don’t necessarily agree with this. I’m interested in hearing you elaborate on it.
[/quote]
Don’t know if its true, but i have been told it could look bad if you have a bunch of CCs because even if they aren’t maxed out they can still be looked at as debt since you can max them out whenever. :gotme:
[quote=“sureshot!,post:34,topic:33546"”]
I don’t necessarily agree with this. I’m interested in hearing you elaborate on it.
[/quote]
Short definition is: you have to much potential liability.
There is no reason to have 5 cards worth 50k unsec. loc when you make $30k / year.
As far as LOC accounts are concerned, it is about how much debt you are exposed to - not just how much you currently have in use. Again, it is relative to income level.
If your AGI is 250k, then its not a large concern to have 5 / 50k because if they were maxed out you should still be able to handle the minimum payments without throwing your DTI to shit.
BTW, these are not exact figures.
[quote=“jeeves744,post:36,topic:33546"”]
Don’t know if its true, but i have been told it could look bad if you have a bunch of CCs because even if they aren’t maxed out they can still be looked at as debt since you can max them out whenever.
[/quote]
it is true, and you’ve heard correctly.
[quote=“JayS,post:32,topic:33546"”]
Moral of the story, it’s not worth opening those store accounts to save a few bucks.
[/quote]
you should hear some of the stories I hear :ham: :bloated: :ham: :bloated: :ham: :bloated:
[quote=“Nikuk,post:37,topic:33546"”]
Short definition is: you have to much potential liability.
There is no reason to have 5 cards worth 50k unsec. loc when you make $30k / year.
As far as LOC accounts are concerned, it is about how much debt you are exposed to - not just how much you currently have in use. Again, it is relative to income level.
If your AGI is 250k, then its not a large concern to have 5 / 50k because if they were maxed out you should still be able to handle the minimum payments without throwing your DTI to shit.
[/quote]
Ok, I agree sort of. 
( i’ve been out of the credit repair business for a couple months, haha )
[quote=“sureshot!,post:39,topic:33546"”]
Ok, I agree sort of. ( i’ve been out of the credit repair business for a couple months, haha )
[/quote]
heh. We just had a nice meeting with Exp two thursdays ago about some :snky: