Quote:
Originally Posted by meadowz06
Banks can't get close to credit union auto loan rates. Not on used. And warranties are NOT overrated. The touch screen radio in a FRS/BRZ is 800-1000. Certified FRS/86's are the best used deals. They have full bumper to bumper warranties, and a 7 year, 100,000 mile warranty on the engine and transmission. Inspected from head to toe, and in between. And you had a Yaris, the most basic car in Toyota's range. I do this for a living. And credit is NOT overrated. Good credit scores mean you have the banks and credit unions at YOUR mercy. Bad credit is the other way around!
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Warranties are a gamble at best. You are betting things will break and the dealer or warranty company is betting they won't. The dealer is the "house" and they will almost always win because they know and adjust based on the odds. In over 40 years of driving I've NEVER had a car under 100,000 miles need a major repair, and only a couple that needed one under 200,000 miles. Warranties are nice to have, but I'm perfectly OK self insuring on that.
A good credit score is only necessary if you decide to go into debt. It's an easy game to beat.