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Okay. Situation. Piece of poo poo Pontiac- about 12-13 years old, fair condition, 160K miles, and in need of monthly/bi-monthly maintenance. Character. College student 5 months from graduating with a guaranteed 40-50K job coming at me. Currently have no dollars. Credit Score. EH Plot. In need of used reliable car which I was planning on getting in 5-6 months. Making a drive somewhere across the country for new job would have required it anyways (little POSP wouldn't have made it). I currently drive <5-6 miles a day so we are able to work for the present but POSP is going to get abandoned if I can figure this out. Looking for something around 10,000 bucks, with less than 50-60,000 miles. I have been going on the notion that sometime in my past I have seen on TV "Buy a car, No Interest, No Payment for 6 months!".. (link 6 month convenience to above). I have a terrible knowledge of how financing works and am looking for some guidance. Does this really exist? & if so is it legitimate and not something that can screw you over in the long run? If this isn't something thats feasible for a consumer who wants a used car with mediocre credit, then would it be possible to get a loan for 60 months and once able to make better payments refinance it to a shorter pay-off window (24-36)? I get it. I know nothing of loan processes. Help me dammit.
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Feb 17, 2011 19:52
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| # ¿ Apr 19, 2024 17:25 |
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