Eager to buy a car, thinking of car financing.

[Allan.manta90]

Most will agree that cash is king. Most will also admit however that they don't have the means to do this. This leaves one option, a car loan. I know there are a number of different options and ways to approach financing my dream car. I am looking for what is best car loan for me. Actually 5 months from now, I can buy my dream car without the help of car finance. I am just really excited and obviously can't wait.

 

[Satchmo]

If it's five months, just wait. You'll save money and not have to worry about the hassle of all the paperwork.

 

[LittleCaesar]

Wait unless THE car you want is drooled over by others.

 

[BrianSD_42]

How much can you finance at?

My car loan is at 4.2% and a I don't think it is much of a big deal to have it financed.

My loan is though Navy Federal Credit Union though.

A co-worker of mine has terrible credit and he could only finance a $5,000 Ford Explorer @ 20% interest from Carmax. :redbrick:

 

[Dusty Driftwood]

Buying things with cash does absolutely nothing for your credit rating. I've financed quite a most of my cars, even though I plan to pay it off immediately. That way, you get credit for being "financially responsible."
In the case of our T4R, it is a Certified Pre-Owned so it was only 2.9% anyway. We put a nice downpayment down to ensure a very low monthly payment and send double payments every month. This way (knock wood) if anything were to happen to either of us or our jobs we're not up a creek without a paddle