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I have a 2004 mazda 6, 4 door sedan and would love to trade it in for a chrysler pacifica which is roomier?
Ifthe money you have in the bank is enought to purchase the car, then you have no problem. Go to a dealer, come up with a price for the car, give them a down payment and return later with a certified or cashiers check to pay the rest. If the money you have in the bank is not sufficient to purchase car, you wil obviously need a loan. Most dealers can arrange a loan, but it helps if the down payment is high to get a better interest rate. No credit is better than bad credit. The other thing to know before you go into a dealership to buy a car is this: DO NOT tell them you don't have any credit. Let them find out by running a credit check. You could be suprised and find out there is something out there in your favor. IF you tell them you know, they can and usually will use that basically against you to charge you a higher interest rate. So play dumb and not tell them. Once they find out about your credit, they may ask you for a higher downpayment to keep your interest rates down. You can also check out your local banks, credit unions and some on line lenders like ELoan.
The minimum you need to bring with you is your drivers license and your social security card or number. That is enough to run a credit check. After that, it depends on what the bank may need to accept the loan. Possibly a pay stub, a credit card if you have one, a recent utility bill and references. The dealer will tell you what you need to bring in, or the stipulations, after they get an approval for a loan. If you are trading in a car, you will also need to bring in the title to the trade. My only other advise or information for you is DO NOT buy into a payment. For example if they ask you how much you can afford a month for a car, and you answer them with 400.00 a month. The will find you credit, and you may think you are getting a bargain, but you probably will have a loan for 5 years, so watch that kind of sales pitch. Work you deal from the basic cost of the car. There is a cap on how much over the bank rate they can charge you...but there isn't a cap on how long the loan is!!
Hope this helps-Good luck
What would be better? LEasing or purchasing?
I supposed you could bring a wad of cash to the dealer and purchase the car on the spot (if you have a lot of cash)! If you need a loan, you could probably get a decent loan if you are employed and put a sufficient downpayment. Most dealers can offer you a reasonable car loan. Also contact your bank.
What Do You Think ???
Bring I.D., driver's license, employer, salary and bank info to the dealer.
What can I sell my Harley for?
Write a check for the entire amount.. no credit, no problem.
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