- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Buying a car. Loan question
Posted on 4/6/15 at 10:32 pm to olemissfan26
Posted on 4/6/15 at 10:32 pm to olemissfan26
Forget the $2,000 why not find a decent brand/model ( Honda, Toyota ) that you can pay cash for? If you really want to build credit find a $300 limit credit card, don't max out and pay on time to build history. ... Think about this for your car. Unless your tranny goes bad or something like that, your repairs should be minimal. ... FYI my 2004 Honda pilot recently cracked 193k miles. Just routine maintenance as far as money into it.
1
Posted on 4/7/15 at 10:23 am to Revorising
quote:
Unless your tranny goes bad or something like that, your repairs should be minimal
there are a lot more things that can screw up in a car than a tranny that would cost a nice chunk of change. A/C for one can be a bitch.
Also, having both credit cards and term debt in your credit history helps build your credit. A $2k loan on an $11K car should get him a really low interest rate (a 3% rate would be $60 in interest/year). He is going to be spending 1.5 hours in it everyday so he needs to get something he wants.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News