Question:
I need to build a credit history and wanna buy a car. If they say no credit check will it help my credit??
Answers:
If you had $50 to buy anything you wanted, what would you buy?
the problem i have seen with alot of these companies they charge outrages interest rates, and not all buy here pay type of places even report to the 3 major credit bureaus, so you end up paying high interest on a car that is not helping your credit situation. And because I deal with sales I see alot of people getting screwed out alot money to try and help their credit and they are still at square one when they want to trade it in.What does trade mean when buying a car?
It will help you build credit if you secure a loan... places that dont do credit checks have high default rates and who do you think takes that cost? You will most likely have a bad experience with that, paying 30% more for a car, and high interest to boot. If you go to your local credit union/bank and secure a loan, you will most likely get a better deal anyway, then your bottom line is the final cost of the car, you wont have to deal with the salesman crap.. Read this: http://consumerist.com/consumer/four-squ... Great article on how a dealership works...How much should I pay for a 1995 SuzukiGSF Bandit 1200cc?
No, it's good to have good credit as a result of being a responsible bill payer.How much will my peugot 207 1.4 07 reg be worth in three years time?
If you have a lousy credit rating, whose fault is it???
Where can I find a 1960's double cab VW pick-up?
If you consider 24-36% interest reasonable. If you consider 50% over NADA retail reasonable. Over priced crap on payments. Bad deal. The car will die. You will get mad and stop making payments. Then you have a real problem.Purchase doctor Detroit here in Canada or buy in the USA and have it shipped to Canada?
"no credit check" places use what's called, in-house financing. This can be useful if you have bad credit, if you already have a loan out and wish to purchase a second vehicle, or if you want to get an older vehicle with high mileage (most banks won't finance them). Interest rates are usually in the low double-digits (not 20-30%!), but remember, you are paying for convenience when most other "banks" won't be able to help you.More Questions & Answers ...
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