Ok guys, here is my plan

[7Eleven7]

THIS COULD BE THE DUMBEST SHIT EVER, OR THE SMARTEST SHIT EVER, YOU DECIDE.


SO ONE OF MY GOALS IN LIFE IS TO PURCHASE A $30,000 car before i turn 21 (which is one year from tomorrow)


as many of you may know, you need a credit score of at least 740 to get the best rates on a loan.


now, in october i took out a loan , bought a brand new whip, but the cheapest shit i could find. 09 hyundai accent, bought that shit brand new, 27 miles on it with 15% APR. all i gotta do is pay on it for 12 more months, make the payments on time. i pay 330 a month for it.

the total price was 15,000 after my down payment/tax etc. the book value is 12,000. so all i gotta do is pay down the loan till it reaches the trade value and make some payments so i can get my credit score up to the good range.

so eventually, illl take out another loan and pay the exact same thing but for a nicer car with half the interest.


WHO HERE HAS DONE ANYTHING LIKE THIS AND DO YOU THINK THIS IS A SMART THING TO DO?

[Redsoxx]

you should rent a 30,000 car for a week and then your goal will be fulfilled...

btw happy b-day tommorow bruh

[7Eleven7]

thanks brotha!!!

[air bozhidar]

You dont want to lease a nicer car for about the same monthly payment?

I would rather lease a nice car for a couple years and keep my options open so I dont have to stay with one car too long and can upgrade to something with the new technologies

[MagnuM]

sounds good

[gangrelated]

if u have stacks.....for 15gs you could buy a sick whip (where im from). Like a used bmw or sum shit like that ......im prtty sure used dealrships still offer the choice to finance...

[7Eleven7]

leasing is the way to go but i hear u gotta pay mad fees and shit like that besides ur monthly payment

i figured its for rich people who wanna show off the new benz every 2 years

[Ecso]

leasing is a waste of money

step ya knowledge up

[gangrelated]

depends,if ur leasing to own then not really.......

[Ecso]

never heard of a lease to own car

[MagnuM]

Step ya knowledge up beaner

[TheMan]

get a good job, fucking moron.

[w.i.m.]

if u have stacks.....for 15gs you could buy a sick whip (where im from). Like a used bmw or sum shit like that ......im prtty sure used dealrships still offer the choice to finance...

You know who buys old model BMWs? People who cannot afford late models.

[franc34]

last gen M3's are pretty cool though

[gangrelated]

You know who buys old model BMWs? People who cannot afford late models.

Hmmm...Used vehicles are often the best values you'll find in the automotive market, personaly I think that not only is the price lower than a fucking comparable new car, but faggit ass ownership expenses such as collision insurance and taxes are lower, and a used vehicle has already taken its biggest hit in depreciation.Hows that for knowledge, fuck tard?Oh and in addition, buying used is often a way to get a better-equipped vehicle than you'd be able to afford new.