Need advice on loans!
05-14-2006, 08:17 PM
#1
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Car: 1992 Trans/am convertible
Engine: 305 TPI
Transmission: 700r4
Axle/Gears: 2.73 drum WS6
Need advice on loans!
Hi, i wanna take out a loan so I can either fix my car or buy another third gen.
I was just wondering what the best way is to do this. I have no credit history!
Some advice would be appreciated.
I was just wondering what the best way is to do this. I have no credit history!
Some advice would be appreciated.
05-14-2006, 08:21 PM
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05-14-2006, 09:10 PM
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Car: '89 Trans Am GTA
Engine: WAS 350 - now L92 (alum. 378/6.2L)
Transmission: WAS 700R4, now a built T56
Axle/Gears: 3.27 9-bolt
Originally Posted by 82 Iron Duke
My advice is just work 2-3-4 jobs and use the extra money to buy a third gen. I bought mine as she sits for $850. Loans are for suckers pay cash!
I agree 10,000% - you'll wind up paying less for the car, & that's money you can use toward other things.
(The other side of this argument is that you could use the loan to create a credit history, but you can also do that with smaller things. I still say that you'll be MUCH better off if you avoid loans and/or credit whenever possible - speaking from painful experience here, it's why it's taken me so long to get my car where I want it...)
Last edited by V8Rumble; 05-14-2006 at 09:16 PM.
05-14-2006, 11:37 PM
#4
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Car: 1987 GTA 350
Engine: L98
Transmission: 700R4/2400 stall
Axle/Gears: B/W 3:27 posi disc
1.get job
2.save money
3.blow money on beer
4.try to skip step 3 and buy car.
5.enjoy!
Conrad
2.save money
3.blow money on beer
4.try to skip step 3 and buy car.
5.enjoy!
Conrad
05-14-2006, 11:46 PM
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Car: 1992 Trans/am convertible
Engine: 305 TPI
Transmission: 700r4
Axle/Gears: 2.73 drum WS6
I got a job, but get paid once a month and don't make much. I guess, in 4-5 months I can make around 2000 bucks saved.
Thanks for advice. I am fixing my car, than she is getting the LT1 cam. I can afford that.
Yes Conrad, beer is good! Too good sometimes.
When do we get a chance to hit up the kegorator again???
Thanks for advice. I am fixing my car, than she is getting the LT1 cam. I can afford that.
Yes Conrad, beer is good! Too good sometimes.
When do we get a chance to hit up the kegorator again???
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