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When I bought my first car I was 20 years old. I had no credit, but had a decent job at the time pulling about $30k/year. I wanted an 06 tC with a few goodies. The only way TFS would finance me was if i put a third of the value of the car as a down payment. I put down $6800 and was financed at 14% APR back in the summer of 2005. Six months later I refinanced the loan with a local bank for 5% in 2006 (back when 5% was decent).
Just wanted to share what I went through because I've been there. I couldn't find a co-signer and I really wanted the car, so I made it happen but wasn't stupid enough to keep paying on such a high interest loan.
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09 RS 5.0 -- #862 of 2000 -- 5spd
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