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The Terminator
Terminator Talk
buying terminator
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<blockquote data-quote="JoeRacer" data-source="post: 10697202" data-attributes="member: 85741"><p>I don't know why you would do a personal loan for a car. Maybe you are uncomfortable with using the car title as collateral. If you take out a personal loan you are going to be given a much higher APR, and it sounds like you can't even qualify for one this high. Unsecured credit is appropriate for certain purchases, but in the end you would be better off with an auto loan that doesn't rape you on the APR for this. </p><p></p><p>You also shouldn't take your brother's experience with a particular bank as evidence of what you would encounter. Go and talk to local credit unions, and larger banks. Shop around. You do yourself an injustice to simply walk into a car dealership with the mentality of "I don't mind overpaying a thousand for the sticker price, and a higher rate APR that I end up paying maybe a few thousand for after 5 years sounds pretty good too." </p><p></p><p>I guess in the end we can give you advice, but it is up to you if you actually listen to anything that is being said here... Good luck</p></blockquote><p></p>
[QUOTE="JoeRacer, post: 10697202, member: 85741"] I don't know why you would do a personal loan for a car. Maybe you are uncomfortable with using the car title as collateral. If you take out a personal loan you are going to be given a much higher APR, and it sounds like you can't even qualify for one this high. Unsecured credit is appropriate for certain purchases, but in the end you would be better off with an auto loan that doesn't rape you on the APR for this. You also shouldn't take your brother's experience with a particular bank as evidence of what you would encounter. Go and talk to local credit unions, and larger banks. Shop around. You do yourself an injustice to simply walk into a car dealership with the mentality of "I don't mind overpaying a thousand for the sticker price, and a higher rate APR that I end up paying maybe a few thousand for after 5 years sounds pretty good too." I guess in the end we can give you advice, but it is up to you if you actually listen to anything that is being said here... Good luck [/QUOTE]
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