Trading in FRS questions

[go_a_way1]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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

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[Joyride86]

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

[humfrz]

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

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


humfrz

[MikeyBatz]

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.