rican
I'm 19 and in college and don't have a vehicle. I need to get to and from work this summer and am tired of having to ask for rides. I have a job, but haven't had it long and no real established credit. I am also an independent (completely separated from my family because of things they've done) and have no cosigner. Is there any way I can get a loan for a car without a cosigner?
Answer
those buy here pay here auto dealerships can get you in a car with about a grand down, however the first car you buy you usually get a high interest rate (up to 33 % ) and a short term loan (12 to 24 months) the more money you put down, the better car you get so three grand down can get a decent ride. However the hardest part is finding a good car, for the most part the dealer is not your buddy and not your freind and you cannot trust his word about one car on his lot since most used car dealers do not give warranty. (the ones that do, usually want twice what the car was worth) If you find a car you like that the mechanic oks, try to pay the principal off on the car (the amount you owe not including interest) this way that 33 percent interest does not add up so fast, I paid a vehicle off as fast as I could, you can save a lot of money over a two year short term loan this way. Sometimes you may have to get a second job to do this right, but HOW BAD, DO YOU WANT A CAR??? SOMETIMES WE DO WHAT WE HAVE TO DO. the good news is this, if you pay the first car off on time or sooner, there is no penalty for early payments, and they did not have to repo the car, they now know, you will pay them, and will be calling you, you have established credit, and the interest rate will be much better the second time around as well.
I have a few tips for buying used cars I have learned over many years, there are quite a few used car manufacturers I would not buy a car from, I am going to stick with the ones I would use first. a toyota a honda or a nissan is what you want to find, front engine, rear wheel drive stick shift are usually better. these three manufacturers have better cars, they hold up well under high mileage and they seem to run forever, if the dealer has none, try for a mazda, but honestly, stay away from front wheel drive anything, these cars generally do not do high mileage well and are much more expensive to fix. I like to test drive a used car cold, when it has been sitting overnight, open the hood, check the engine oil to make sure it is oil and not gear lube and sawdust. if its an automatic, pull out the dipstick, and check to see that the fluid is pink and clear, sniff the dipstick, if the fluid does not smell burned, and is not brown or black then this is good. with the hood up, start the car it should start easily and stay running with no banging or knocking or rattling noises, and no big clouds blue smoke. it should smooth into a high idle in the first 5 to 10 seconds. Shut the hood, get in and try to drive off quickly with a minimum of warm up time, head for a freeway, or expressway, the car should get up to freeway speeds easily without trouble, drive the car for 30 to 40 minutes it takes a good 20 minutes to warm up a car thoroughly. You want a car that runs good gets up to freeway speed easily and stops good. check all the power windows, up and down several times each all the way up and all the way down. (sometimes a damaged motor can be reset and it may work once, so always test each window several times, make sure the heater the air conditioner and the cruiese control all work, check the tilt steering the power mirrors, the power seat make sure it all works good. It is a good idea, to always take a used car to a mechanic BEFORE YOU BUY IT, NOT AFTER, your mechanic works on crappy cars, all day long, he will tell you often times not to even bring some make and model of cars in, because he works on them a lot because they are no good. if you do not have a mechanic, get one, a used car, is going to break, you are going to need one anyhow. but he can save you thousands of dollars by telling you not to buy a pile of crap of a car (and there are thousands of crap cars for sale) If your mechanic oks a car, but finds minor problems, get a written estimate and use this to help negotiate a price DOWN. if the dealer does not have any cars that interest you, then check back, or ask them when the next shipment of used cars are coming in. type www.samarins.com in your web search box, this is a website that has a ton of information on how to look for a good used car, it also has some used car reviews, and can rate cars that have good records of dependability, because after all, you do not want to spend a ton of money that you had to earn with your blood sweat and tears on a junker. best of luck it takes patience, patience, and more patience, to get a good used jewel in the sea of poop.
those buy here pay here auto dealerships can get you in a car with about a grand down, however the first car you buy you usually get a high interest rate (up to 33 % ) and a short term loan (12 to 24 months) the more money you put down, the better car you get so three grand down can get a decent ride. However the hardest part is finding a good car, for the most part the dealer is not your buddy and not your freind and you cannot trust his word about one car on his lot since most used car dealers do not give warranty. (the ones that do, usually want twice what the car was worth) If you find a car you like that the mechanic oks, try to pay the principal off on the car (the amount you owe not including interest) this way that 33 percent interest does not add up so fast, I paid a vehicle off as fast as I could, you can save a lot of money over a two year short term loan this way. Sometimes you may have to get a second job to do this right, but HOW BAD, DO YOU WANT A CAR??? SOMETIMES WE DO WHAT WE HAVE TO DO. the good news is this, if you pay the first car off on time or sooner, there is no penalty for early payments, and they did not have to repo the car, they now know, you will pay them, and will be calling you, you have established credit, and the interest rate will be much better the second time around as well.
I have a few tips for buying used cars I have learned over many years, there are quite a few used car manufacturers I would not buy a car from, I am going to stick with the ones I would use first. a toyota a honda or a nissan is what you want to find, front engine, rear wheel drive stick shift are usually better. these three manufacturers have better cars, they hold up well under high mileage and they seem to run forever, if the dealer has none, try for a mazda, but honestly, stay away from front wheel drive anything, these cars generally do not do high mileage well and are much more expensive to fix. I like to test drive a used car cold, when it has been sitting overnight, open the hood, check the engine oil to make sure it is oil and not gear lube and sawdust. if its an automatic, pull out the dipstick, and check to see that the fluid is pink and clear, sniff the dipstick, if the fluid does not smell burned, and is not brown or black then this is good. with the hood up, start the car it should start easily and stay running with no banging or knocking or rattling noises, and no big clouds blue smoke. it should smooth into a high idle in the first 5 to 10 seconds. Shut the hood, get in and try to drive off quickly with a minimum of warm up time, head for a freeway, or expressway, the car should get up to freeway speeds easily without trouble, drive the car for 30 to 40 minutes it takes a good 20 minutes to warm up a car thoroughly. You want a car that runs good gets up to freeway speed easily and stops good. check all the power windows, up and down several times each all the way up and all the way down. (sometimes a damaged motor can be reset and it may work once, so always test each window several times, make sure the heater the air conditioner and the cruiese control all work, check the tilt steering the power mirrors, the power seat make sure it all works good. It is a good idea, to always take a used car to a mechanic BEFORE YOU BUY IT, NOT AFTER, your mechanic works on crappy cars, all day long, he will tell you often times not to even bring some make and model of cars in, because he works on them a lot because they are no good. if you do not have a mechanic, get one, a used car, is going to break, you are going to need one anyhow. but he can save you thousands of dollars by telling you not to buy a pile of crap of a car (and there are thousands of crap cars for sale) If your mechanic oks a car, but finds minor problems, get a written estimate and use this to help negotiate a price DOWN. if the dealer does not have any cars that interest you, then check back, or ask them when the next shipment of used cars are coming in. type www.samarins.com in your web search box, this is a website that has a ton of information on how to look for a good used car, it also has some used car reviews, and can rate cars that have good records of dependability, because after all, you do not want to spend a ton of money that you had to earn with your blood sweat and tears on a junker. best of luck it takes patience, patience, and more patience, to get a good used jewel in the sea of poop.
IS THERE A BLACKBOX(VSDR) on the new Nissan 370Z?
unknownkid
It was on a bunch of news and articles, that the Nissan GT-R has a blackbox (VSDR)that records daily activities of the car(i.e. rpm, speed ratio). It is a recorder that would help manufactures save money by voiding warranties on cars that have been raced or abused.
So i was wondering if the 2009 or 2010 Nissan 370Z models have the same thing??
P.S. Please don't confuse this with the EDU, which records data prior to an accident. most cars since the 1990s ALL have this. I am asking about the VSDR for 370Z.
Answer
I have no clue about whatever BS Nissan is putting in their new cars to screw people out of their warranties, but "most cars since the 1990s" do NOT have anything like that. For damn sure no GM, MOPAR, or Ford for sale in the US has one, and neither do any cars from the other major Japanese makers up til the last year or so. Believe me, every time it is RUMORED that some car company is doing this, the enthusiast community goes apeshit.
I have no clue about whatever BS Nissan is putting in their new cars to screw people out of their warranties, but "most cars since the 1990s" do NOT have anything like that. For damn sure no GM, MOPAR, or Ford for sale in the US has one, and neither do any cars from the other major Japanese makers up til the last year or so. Believe me, every time it is RUMORED that some car company is doing this, the enthusiast community goes apeshit.
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