If you had $10k to spend on your Ralliart (and wanted to)
Evolved Member
Joined: Mar 2002
Posts: 4,312
Likes: 3
From: Birmingham, AL
Originally Posted by MikeDVB
I can get a loan for 5~10k to make the Ralliart more fun and have it paid off by the time an Evo would be feasible.
Thread Starter
Evolving Member
Joined: Feb 2006
Posts: 142
Likes: 0
From: Central Indiana
I have the money to do the mods, I just want the credit history =)
Car is "paid off" making payments to a relative... I went and got the loan, then relative got a loan at a better rate and paid it off.
Basically I want to carry a loan in my name for a while for credit purposes. And if I'm gonna get a loan for credit - I might as well get something I want while I'm at it!
Mike
Car is "paid off" making payments to a relative... I went and got the loan, then relative got a loan at a better rate and paid it off.
Basically I want to carry a loan in my name for a while for credit purposes. And if I'm gonna get a loan for credit - I might as well get something I want while I'm at it!
Mike
Originally Posted by MikeDVB
I have the money to do the mods, I just want the credit history =)
Car is "paid off" making payments to a relative... I went and got the loan, then relative got a loan at a better rate and paid it off.
Basically I want to carry a loan in my name for a while for credit purposes. And if I'm gonna get a loan for credit - I might as well get something I want while I'm at it!
Mike
Car is "paid off" making payments to a relative... I went and got the loan, then relative got a loan at a better rate and paid it off.
Basically I want to carry a loan in my name for a while for credit purposes. And if I'm gonna get a loan for credit - I might as well get something I want while I'm at it!
Mike
Good idea.
ROAD/RACE
Thread Starter
Evolving Member
Joined: Feb 2006
Posts: 142
Likes: 0
From: Central Indiana
Give me a nice discount and you'll get a nice big rear window banner (where everybody will be seeing the car from... the back)!!! /snicker
I'll even be so nice to send you video of the car at the track! /snicker
I would be dropping about 8.2k all at once =)
Mike
I'll even be so nice to send you video of the car at the track! /snicker
I would be dropping about 8.2k all at once =)
Mike
Evolved Member
Joined: Mar 2002
Posts: 4,312
Likes: 3
From: Birmingham, AL
A loan like that with no real collateral is going to have a crappy rate, especially if you don't have the best of credit to begin with. That is, even if it is possible to get it. Just save up and do it piece by piece.
Thread Starter
Evolving Member
Joined: Feb 2006
Posts: 142
Likes: 0
From: Central Indiana
I already looked into it - I can get a decent rate. My credit is not horrible (in the 650ish range) just my credit history is short with my age, by the time I wil lbe taking out the loan I will have right at near 2-1/2 years credit history.
Mike
Mike
