Financing a turbo kit?
 

Does any company offer this? And not through bill me later or PayPal...

lol

First world problems

Put it on a credit card.

this

if your credit isn't good enough for it then it probably won't be good enough for any vendor offering this service.

If you can't pay cash for it, you can't afford it.

Best advice I ever got. And it REALLY applies here.

Plus you probably won't be financing just the turbo kit. There's tons of supporting mods you're probably going to want/need such as clutch, brakes, tires, and don't forget about tuning. Dyno time alone can get expensive depending on how long it takes to get the tune properly dialed in.

Unless your car is paid off, you should NEVER go into debt to mod.

Then again, if your car is paid off, you probably wouldn't be asking this question...

I'm thinking about forced induction(ptuning,sc,esc). Still owe 13 on car. Should I wait?

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The thing with financing questions about anything is.

Its really dependent a person's personal circumstances.

Someone might not be able to afford 10,000 straight up but can afford the few hundred a month it would cost.

Maybe they are getting a big bonus soon? Or a promotion? Rich uncle?

Everyone's circumstances are different.

Obviously if your not at least settled financially then spending 10k on a turbo kit to do it properly is not a good idea.

Obviously saving up and buying it outright is the preferred and suggested method, perhaps for the main kit, but if you have to put a few k on credit to do the job PROPERLY then i can also see merit in this. Do it once and do it right.

I agree with this, BUT you would need to take into account a few other things as well.
Catastrophic failure is the big one, then small problems that arise from modifying a car. For example i bought some coilovers dropped the car and bam rear camber out of spec. Now i need some LCA's, oh my headlight dip is fooked need an arm for the headlight level sensor.

The cost of getting a kit on the car s one thing, upkeep and dealing with the problems that arise from modification are another.

OP put it on a credit card with low interest and pay it off if you are really desperate.

Just dont. I knew a guy that financed an air ride suspension and it fucked with his life for like 6 years between credit problems and debt. Plus if something goes wrong and it's financed you'd still have to pay off that loan even if you blow up your engine. It's just got bad idea written all over it.

Here's some good financial advice..

Don't ask for financial advice on a car forum.

Yes, I see the irony.



Can we get a retard section on this forum for questions like this? When I come ino the turbo section, I want to read about turbo kits, results, related products, and the like.

I don't want to see threads about "should I put a kit on my credit card?"

Classic post that's fishing for positive reinforcement for a stupid idea, to justify doing it.

Easy solution: Have your parents pay for it op.

Thanks everyone for the advice... But no one answered my question

No.

You are welcome. Turbo kit companies are not in the financing business. They are in the horsepower business. If you don't want to pay for it with a credit card, then you will need to look into a signature loan from a bank/credit union.

What in the name of fuck is going on in here?

My parents have a no mod policy :-/

No. If you can afford the forced induction, then go for it.

I am considering a new business venture called Turbo Loans. It is quicker than Quicken Loans and we only offer them for turbo kits.

Hey guize i no haz monies shud i finance sum modz to go faster even tho i alrady hav lyke 15k on the lone?

Only if we charge exorbitant interest rates.

How old you are what kind of credit do you have?

I have seen tuner shops finance things like turbo kits before, or at least do installment plans. Be prepared if you can't pay they will repossess your car.

I'm not a fan of anyone incurring lots of debt for modding, it's a really really terrible idea. When the engine fails and you need to shell out another $4K+ what are you going to do? I've seen people had cars sit for a year because they can't fix what they broke and went into debt to do originally.

Dats a given bro. Think payday style loan interest rates. Interest rates go up as the PSI goes up. The more power they make the more likely they are to blow their motor and not be able to pay us back.

Never Finance Toys.
My FR-S is my DD or I wouldn't have a note on it.

That sounds like a title loan versus financing a turbo kit, and that would imply you actually owned your car and possessed the title. I would never advise someone to do that.

Have you considered suing them under the dream crushers wont let me do me statute?

Start slinging some dope to get the money for it, or a lawyer because you'll need one when you get busted. Best advice just nickel and dime save up until you can afford everything you want.

financing a turbo (or any modification) is possibly the worst idea ever. it's a pay to play game, and you wanna pay with cash. have lots of it before you even start, because you'll spend 1.5x what you expect to.

My thoughts exactly. In my opinion, if your credit line is not high enough to put it on a credit card. You shouldn't even be trying to finance through other means.

Save up some cash, or put it on a credit card and pay it off promptly.

Here's what you should do:

Go to one of those online payment calculator sites and find, based on how much you expect you'd borrow and the repayment period you expect to repay in, exactly what your monthly payments and repayment period would be.

Once you have those numbers, you know how much your payment is, and how long you have to pay it for. All you need to do now is prove to yourself that you can afford and keep up with those payments for that time period..

So how do you prove that? I recommend that you save that amount each month, for the entire period. It's the only way to be sure you could maintain the expense.

If you make it, you've proven to yourself that you can afford to finance FI!! So go ahead and start making some calls to places that.....

Oh wait, now you don't have to finance it... because you saved enough money to pay out of pocket.

Damn, I thought I had it figured out for you. Sorry for wasting your time, I suck at advice.

No, I pay for my mods out of my paycheck and don't buy stuff I can't afford. Your idea sounds better however, let me ask my legal counsel!

I completely agree with you.

Also it's called Off Topic forum.
http://www.ft86club.com/forums/forumdisplay.php?f=4
Mods, please clean.
Thank youz

save enough for parts, labor, tune, dyno time,lube, a spare motor, and a 10% cushion of that total cost when the build goes over budget.

I do not think these companies do but shops sure do. We offer financing through our shop pending credit approval.

Can I finance an oil change :bellyroll:

Just take out a payday loan.

That's what I was wondering.... Thank u ... If only u were in socal lol

I think

Modbargains does

Dumbest idea ever. Save your money and pay your ride off. Don't want a "I wish would not have done that" regret. Boosting is fun but you do get used to it. And you will want more. Just enjoy the FRS for what it is right now. Fun will come your way.

I believe modbargains offer 6/ month financing on approved credit lol.
not that I ever used it I see them advertising on here, I believe they are
located in socal also.

Can I finance the purchase of a 10 year old cat with a 5 year loan ?