New cars under 20k?
 

So me and my girl will be in the market for a new car for her in the next few weeks or so. Her credit is not so good so i know that if she tries to get a car out on her own, they will rape her on the interest rate! I have pretty good credit, so i told her that i would co-sign with her so that she could get a decent rate! She just wants something she can move around with and that won't give her any problems! Something were she won't have to pay more than $350 a month! She was leaning on something like a hundai tiburon or something like that...Thanks for any help...


Miguel

Yaris.

scion tc

Get a new Ford Ranger 4cyl with no a/c and a stick shift for 11K(I got mine for $8500 out the door new in 2003)....then put a turbo 2.3 ford motor in it and have more fun for the same $$. ha ha. My girls sister has a G6...it seemed alright. I dunno if those are under 20k.

Heres a quick list I threw togeather. Im sure there is a lot more but you get the idea...


Chevy Aveo
Chevy Cobalt
Chevy Impalla

Ford Focus
Ford Fusion
Ford Mustang (base is 19,900)

Scion XA
Scion XB
Scion TC

Dodge Caliber

Chrysler PT Cruiser

Honda Accord sedan
Honda Civic
Honda Element
Honda FIT
Honda Insight

take the bus

This is the same place that I am at right now as I need a new commuter car. There are lots of things out there, but my favorites are the Mazda 3's and the Jetta's.

You can get a Jetta 2.5 Stage 1 which includes leather and a sunroof for $18,500 plus fees for a 5 speed. They lease in the mid $200's depending on how much you put down. The Mazda 3's are about the same price with discounts.

But, here is some advice. Do NOT co-sign for your g/f. This is a HUGE mistake...trust me. She is your g/f and not your financial responsibility. Lots of people make this mistake, so don't do the same thing. Here is why:

1 - When you co-sign, it is on your credit report just as if you were making the payment. This means that if you need to finance something for yourself, your credit score and rating is affected.

2 - If she does not pay, you have to. Odds are the loan will outlast the relationship. Sorry, but that is the truth.

3 - If she has bad credit or credit issues and you co-sign, they will use the person with the lowest credit score to determine the interest rate. To think otherwise is a misconception. Call a bank and ask for youself. You could be Donald Trump and it won't matter.

4 - If she needs a cosigner, she needs to make more money or fix her credit and buy a car she can finance on her own.

As a rule, I NEVER cosign on cars for ANYONE and I would NEVER, EVER do it. I have turned down siblings....even my brother two years ago. He was a FB player at ND and was starting his first job out of college. His first job paid $60k+, but had no credit history. I helped him by helping him find a bank that would work with him....the dealer told him he needed a co-signer, which was wrong. Had I cosigned for him, I would be stuck with that on my credit report which might have prevented me from buying an investment property last year.

I would...and do, cosign for house loans. Why? Because I can always take the house away and sell it....and make money. I did this last year and turned $30k just by signing paper. Credit agencies look at these kind of moves as investments...cars are not.

tell her to get the new civic i ahve one and i am getting about 410 miles to the tank and its only a 12-13 gal tank i believe

Couldn't have said it better!!! Not knocking you and your g/f's relationship (wish you nothing but the best:beerchug: ), but like MT's#1 said "Odds are the loan will outlast the relationship." Nobody seems to pay attention to their credit report until it's too late...hate to see you end up getting screwed if things didn't work out.

hope the sex is good...

it could cost a small fortune

Hey, read this thread miguel:

https://mustangboards.com/the-lounge...-its-over.html

yeah i agree with what mt's#1 said.

tell your girl to look at the scion tc, my girlfriend just picked up hers a week ago and its actually very nice. its made by toyota so you wont have to worry about having problems with it and they start at $16,300.

13.2 =P

Scion Tc ftw.

good idea... madmatt you should photoshop that hamster spinning that wheel into the open blades of a turbo... (like in your sig, but head on)
if you wont i will, obviousely a still picture though, cant do video editing =/

LOL DO IT! hahahaha

this is so true, i used to sell chryslers and jeeps. I would get a guy like this about once a month trying to dump the car off and make a buck. boy, thats a pipe dream and it can take years to fix jacked credit from such a move. just look at it like this, pu55y doesn't pay the bills and only sign for your own stuff. if she has as i used to call it "injured" credit get some cash to put down up front. the more cash you have the better chance she has of gettin financed through the dealership, but make sure its not your cash. you'll never see that again, really listen to what we are all saying. just dont do it, and if she gives you crap about it, maybe she's not the right girl anyways. any level headed person should know that when it comes to stuff like this, unless they're married, its all on them and no-one should be obligated to help. and if she's so hard up on it tell her to talk to one of her parents.

I feel what you guys are saying, i know co-signing for her is a bad idea, but i honestly think she won't let me down! I have been dating this chick for the last 4.5 yrs! Hell, shes practically my wife...:(

Tie the knot and get her an 06 Stang that you could drive too. :devil2:

Fawk that, I'm not getting married unless she gets pregnant!;)....Nah, nahh...but in all honesty, i'm think i am in the near future.;)...I wish i could get her something nice, but i'm a broke ass college student!