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re: looking to buy a new car soon...

Posted on 6/19/13 at 9:48 pm to
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99787 posts
Posted on 6/19/13 at 9:48 pm to
Income to debt ratio is 20:1.

Looking to finance.
Posted by I Love Bama
Alabama
Member since Nov 2007
37765 posts
Posted on 6/19/13 at 9:51 pm to
ideal....i mean whatever you want/can afford i guess
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38688 posts
Posted on 6/19/13 at 10:22 pm to
quote:

Income to debt ratio is 20:1.

Looking to finance.


When negotiating with dealer, understand that financing is secondary. Work on the price of the vehicle first. As a backup, you should have your financing pre-approved through a credit union or through PenFed.

The dealer will ask, "Are you planning to finance or lease the vehicle?" Just tell them that you haven't made your mind up and that you're more concerned about the price, because that will determine what you plan to do.

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