Car buying?

Please some one help me with this. This would be my first time buying a car and I need to know differences between if I did not put money down vs. if I do put money down and what does finance companies look for when you are trying to get financed for a vehicle, as well as what is the best option for a first time buyer with a credit score of lets say 700

Car buying?

why not just do a L2P wrap on a car that someone is trying to get out of. You would not need credit and if someday you could not make the payment and it gets repo you would not be responsible for the balance due.

Car buying?

Well, a high score usually means a better rate and no need to put money down.

However the less you finance, the less you end up paying because that%26#039;s less money a finance charge is added to.

Finance companies will look at your score and your debt to income ratio. A 700 is great...until they see that you only make 12k a year.

If I were you, I%26#039;d check out GM%26#039;s certified used cars. There are often late model cars with special interest rates and low miles. (currently 2.9 for 48 months and 3.9 for 60 on most used GM cars) Happy car hunting!

Car buying?

Save money and pay cash. Go to Consumers report sand buy cheap and a dependable car. Cars are money pits. I wish I had the money back I have wasted on cars.

Car buying?

first is find a car and than the dealer will let you know waht your payments will be and than will let you know if loan company will lend you that amount, so if loan company agrees than putting money down will help lower your payments , none down will higher them so the choice is yours if you can handle higher payments than none down is fine but put what money your were going to put down in a certificate of deposit so you won%26#039;t spend it . if your are not comfortable with higher paymenst than put what amount down that will make you fell more comfortable.

either way if fine it all dpends on what you can afford and what loan company will lend you.