Trading in FRS questions - Page 2 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

go_a_way1 · 03-01-2016, 04:44 PM

I used to sell cars. It is super easy. They give you ~10K for your current car (my guess) then you pay ~20K for a used one (but still owe 10K on the first one let say) so you end up financing 30k at 6-10% having no prior credit. You will build your credit and get the car you want, its only money.

kch · 03-01-2016, 04:47 PM

Quote:

Originally Posted by mrstevewhiskers

I actually do have a job as a server, but it's for some reason under the table so no credit..

Yeah, you might want to not work there anymore.

Also, find a credit card with no annual fee. ONLY use it for stuff you would buy anyways--groceries, gas, etc. Never use it to buy something you can't afford to buy with cash right then and there. Pay it off every month. Start building that credit.

go_a_way1 · 03-01-2016, 04:58 PM

Quote:

Originally Posted by kch

Yeah, you might want to not work there anymore.

Also, find a credit card with no annual fee. ONLY use it for stuff you would buy anyways--groceries, gas, etc. Never use it to buy something you can't afford to buy with cash right then and there. Pay it off every month. Start building that credit.

TAKE HIS ADVISE!!! I owe like 14k in debts currently + the car I still owe money on. That being said I couldn't be happier with my car

FR-Sky · 03-01-2016, 05:01 PM

You are making a right choice,,i am proud of you.

talk with your mom about it,,you probably can trade it without down pay anything.
Cus you said you have the ownership, i hope you mean paid off.

fumanchu1 · 03-01-2016, 05:01 PM

A decent way to build credit is to get financing on something stupid like a Panasonic microwave. Finance it and clear it in one lump sum after making a few payments, that's normally a good credit boost to start.

fumanchu1 · 03-01-2016, 05:02 PM

Quote:

Originally Posted by go_a_way1

TAKE HIS ADVISE!!! I owe like 14k in debts currently + the car I still owe money on. That being said I couldn't be happier with my car

That's how I end up with guitars and car parts though

kch · 03-01-2016, 05:04 PM

Quote:

Originally Posted by go_a_way1

TAKE HIS ADVISE!!! I owe like 14k in debts currently + the car I still owe money on. That being said I couldn't be happier with my car

I should've taken my own advice before going to grad school. $96k in student loans later...

go_a_way1 · 03-01-2016, 05:04 PM

Quote:

Originally Posted by fumanchu1

That's how I end up with guitars and car parts though

LOL mines all car parts. I gota get on that ramen diet @Guff is on so I can afford to feed my addiction now that all my cards are maxed out

go_a_way1 · 03-01-2016, 05:05 PM

Quote:

Originally Posted by kch

I should've taken my own advice before going to grad school. $96k in student loans later...

Shit man!! I am glad I got my student loans paid off. I only did 2 years and dropped out so I got nothing to show for it lol

djsyndrome · 03-01-2016, 05:13 PM

Quote:

Originally Posted by mrstevewhiskers

I actually do have a job as a server, but it's for some reason under the table so no credit..

No verifiable income? Good luck on getting a car loan for any amount.

Chrisgalactic · 03-01-2016, 08:30 PM

I wouldn't do it. If the car is paid off like you said their is no reason to go back into debt. Just save your money and enjoy the car. Save your money and maybe your next car can be a manual

Sent from my SAMSUNG-SM-G900AZ using Tapatalk

Joyride86 · 03-01-2016, 09:27 PM

Nothing against you OP, but I want to facepalm the shit out of myself.

humfrz · 03-01-2016, 09:46 PM

Quote:

Originally Posted by Chrisgalactic

I wouldn't do it. If the car is paid off like you said their is no reason to go back into debt. Just save your money and enjoy the car. Save your money and maybe your next car can be a manual

Sent from my SAMSUNG-SM-G900AZ using Tapatalk

Yep, I agree, I just wanted to reinforce this thought.......

humfrz

MikeyBatz · 03-01-2016, 11:40 PM

If you really want a manual, sell your current car in the private market. Fair estimate will be 16-18k and used that cash to buy a used manual BRZ. If you do go the dealership route be prepared to loss about 5k in net worth.

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03-01-2016, 05:01 PM	#18
FR-Sky Senior Member Join Date: Dec 2015 Drives: 2013 FR-S 10 series [755] Location: Bay Area, CA Posts: 1,189 Thanks: 385 Thanked 390 Times in 264 Posts Mentioned: 7 Post(s) Tagged: 2 Thread(s)	You are making a right choice,,i am proud of you. talk with your mom about it,,you probably can trade it without down pay anything. Cus you said you have the ownership, i hope you mean paid off.

03-01-2016, 05:01 PM	#19
fumanchu1 Senior Member Join Date: Sep 2015 Drives: 2013 Brz C38 (bought not built :P) Location: Gatineau, Qc, Canada Posts: 1,914 Thanks: 422 Thanked 1,249 Times in 802 Posts Mentioned: 8 Post(s) Tagged: 6 Thread(s)	A decent way to build credit is to get financing on something stupid like a Panasonic microwave. Finance it and clear it in one lump sum after making a few payments, that's normally a good credit boost to start.

03-01-2016, 08:30 PM	#25
Chrisgalactic Senior Member Join Date: Aug 2015 Drives: White out Scion Frs Location: Los Angeles, CA Posts: 160 Thanks: 443 Thanked 47 Times in 29 Posts Mentioned: 3 Post(s) Tagged: 0 Thread(s)	I wouldn't do it. If the car is paid off like you said their is no reason to go back into debt. Just save your money and enjoy the car. Save your money and maybe your next car can be a manual Sent from my SAMSUNG-SM-G900AZ using Tapatalk

03-01-2016, 11:40 PM	#28
MikeyBatz Member Join Date: Oct 2014 Drives: Scion FR-S Location: Virginia Posts: 86 Thanks: 13 Thanked 76 Times in 19 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	If you really want a manual, sell your current car in the private market. Fair estimate will be 16-18k and used that cash to buy a used manual BRZ. If you do go the dealership route be prepared to loss about 5k in net worth.

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