Punctuation would be nice...
help on getting a vette
Thread Starter
6th Gear
Joined: Jul 2009
Posts: 6
Likes: 0
help on getting a vette
hey guys i just had a new car since the 1/1/09 and i regeat it some what and do u guys know if my credit will go bad if so how much do u think it will go bad i want to return the car because i realized i can save enought money with in two to three year for a sick c5 vette i want or better vette can i do this.
The car is taking most of my money i cant go out too much it sucks.
im still paying it too
The car is taking most of my money i cant go out too much it sucks.
im still paying it too
Last edited by dodger5; Jul 12, 2009 at 11:50 PM.
Le Mans Master
Joined: Dec 2005
Posts: 8,561
Likes: 944
From: Communist Colorado
If I were you I'd just hold on to the Stang. Its a good car and you could be driving alot worse. $350./mo is a fairly normal car payment in this day and age. Dont just let the car go back to the bank or be reposessed. It takes far too long to straighten out your credit than it does to screw it up. Be patient and pay on the car for a couple of years, save up for a nice down payment and trade it in on a nice C5 or maybe even a C6 by then.
Thread Starter
6th Gear
Joined: Jul 2009
Posts: 6
Likes: 0
Thanks for the advice it good to know that info i guess i can pay it off in four years and use it as a down payment. i still want the vette ahh i hope i can make it
If I were you I'd just hold on to the Stang. Its a good car and you could be driving alot worse. $350./mo is a fairly normal car payment in this day and age. Dont just let the car go back to the bank or be reposessed. It takes far too long to straighten out your credit than it does to screw it up. Be patient and pay on the car for a couple of years, save up for a nice down payment and trade it in on a nice C5 or maybe even a C6 by then.
Thread Starter
6th Gear
Joined: Jul 2009
Posts: 6
Likes: 0
If I were you I'd just hold on to the Stang. Its a good car and you could be driving alot worse. $350./mo is a fairly normal car payment in this day and age. Dont just let the car go back to the bank or be reposessed. It takes far too long to straighten out your credit than it does to screw it up. Be patient and pay on the car for a couple of years, save up for a nice down payment and trade it in on a nice C5 or maybe even a C6 by then.
Um does the credit still go bad even if i return the car instead of not paying for it ? it on my dad name iam the co signer
Drifting
Joined: Oct 2005
Posts: 1,487
Likes: 4
From: WA
if you have a loan out, you cannot just return the car, you have to repay the loan. if that does not work for you, you need to talk to the bank that owns the loan. if you just stop making payments and "return" the car, there is a good chance your (and you dad's) credit will take a hit.
Le Mans Master
Joined: Dec 2005
Posts: 8,561
Likes: 944
From: Communist Colorado
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If the car is putting a strain on your finances, then perhaps you should sell it and pay off the loan. Then buy a less costly vehicle and save your money until you can either pay cash for a Vette or at least get one with a much lower monthly payment than you are paying now.
Race Director
Joined: Jan 2001
Posts: 14,999
Likes: 312
From: P-town Baby! Virginia
you should do the responsible thing and either trade it in or sell it outright.....don't just "return" it as you say. This will help establish your credit and protect your co-signer...remember that person who trusted you and stuck their neck out for you!
Melting Slicks
Joined: Nov 2006
Posts: 2,431
Likes: 3
From: Iowa City Iowa
If I were you, I'd sell the car and use the money to get an education. Learning how to write a complete sentence with periods and capital letters will do wonders for making a living (and affording a nice car) in the future!
Lepus-temperamentalus
Joined: Apr 2004
Posts: 5,827
Likes: 5
From: Roswell Ga
hey guys i just had a new car since the 1/1/09 and i regeat it some what and do u guys know if my credit will go bad if so how much do u think it will go bad i want to return the car because i realized i can save enought money with in two to three year for a sick c5 vette i want or better vette can i do this.
The car is taking most of my money i cant go out too much it sucks.
im still paying it too
The car is taking most of my money i cant go out too much it sucks.
im still paying it too
Lepus-temperamentalus
Joined: Apr 2004
Posts: 5,827
Likes: 5
From: Roswell Ga
Lepus-temperamentalus
Joined: Apr 2004
Posts: 5,827
Likes: 5
From: Roswell Ga
If the car is putting a strain on your finances, then perhaps you should sell it and pay off the loan. Then buy a less costly vehicle and save your money until you can either pay cash for a Vette or at least get one with a much lower monthly payment than you are paying now.
Racer
Joined: Jun 2008
Posts: 372
Likes: 7
From: Fort Oglethorpe GA
The dad will be held responsible it was his credit the loan was made against. When he cosigned he was making the loan and you were put on to help build your credit. I have 3 sons and have signed on with all of them at one time or another. From a dads point ,if you let it go back for the reasons you gave I would beat the crap out of you daily until I got my money back.
Drifting
Joined: Jan 2009
Posts: 1,275
Likes: 1
From: Port Orchard WA
BAHAHAHAHA
man i feel sorry for the dad... by now it looks like you are stuck with the mustang. Pay it off over time, dont go out and waste money on a bunch of crap you dont need, and buy what you want later.
Thread Starter
6th Gear
Joined: Jul 2009
Posts: 6
Likes: 0
If the car is putting a strain on your finances, then perhaps you should sell it and pay off the loan. Then buy a less costly vehicle and save your money until you can either pay cash for a Vette or at least get one with a much lower monthly payment than you are paying now.
Thread Starter
6th Gear
Joined: Jul 2009
Posts: 6
Likes: 0