08-21-2004, 01:41 PM
We're going to have about 4k negative equity on a trade in, and trying to get an SUV/Van. Thinking of getting a 2000 4runner. Its about 16k. My wife got preapproved at a car dealership and they said they can work with us w/ 0 money down, on a car about 16K excluding the negative equity. So the car will be about 20K or so. Anyway, is a pre-approval thing like this w/ 0 money down pretty much guaranteed, or is there some kind of trick they can do that you have to end up paying something on a used car.
i like my 98 4runner, good car that is dependable
08-21-2004, 01:43 PM
its a 2000 4runner, about 48K miles on it for $15,995. we have to get something bigger cause we have twin girls and its HELL with a 2dr car
You should get "pre approved" at a bank. The dealership will try and **** you on interest rates and other back end stuff. Get your financing before you haggle with the dealership and dont let them know you're going with someone else until you have a price set.
08-21-2004, 01:45 PM
they have their own financing and stuff
']they have their own financing and stuff
Don't use it.
Tell them to take their financing and shove it in their asses. They make money on that and will lie to you with "This is the best rate we can get you" when they bump you a few points to put extra money in their pockets.
08-21-2004, 01:50 PM
a bank is not going to finance us money with some negative equity will they? wont they want some money up front or something? how does that work, getting financed with abank
']a bank is not going to finance us money with some negative equity will they? wont they want some money up front or something? how does that work, getting financed with abank
It can depend on the bank.
Go to your bank and inquire about it.
08-21-2004, 01:52 PM
the dealership we looked at is http://www.oasautos.com
The dealership doesn't matter, they're always the worst place to get financing.
08-21-2004, 01:54 PM
Yes They Can Pull Tricks Such As
- They Want U To Pay Taxes Up Front
- Or They Make Up Fees Such As License And Registration
- Paper Work Fees
- They Decide Your Trade In Car Is Even ****tier Than They Thought
Theres A Neverending List Of **** They Usually Pull. Just Hope That Those ****ers Arent Total Frauds.
08-21-2004, 01:57 PM
so whats a good thing to do when you have some negative equity and no money, in order to get another car?
']so whats a good thing to do when you have some negative equity and no money, in order to get another car?
Drive to the bank and ask about a car loan.
08-21-2004, 01:58 PM
will a bank usually help out when you have no money and your credit just ok?
08-21-2004, 02:01 PM
Do you have any savings? Putting -4k down on a car is financial suicide if you are signing a 4+ year loan...
Evil Light Bulb
08-21-2004, 02:03 PM
why not sell the car that has negative equity and pay up the difference? how much is trading that in saving?
']will a bank usually help out when you have no money and your credit just ok?
We can't give you any specifics really. Just go talk to your bank and see what they can do for you.
08-21-2004, 02:04 PM
we're in the process of moving to an apartment. so we have absolutely no money to put down on a car, not even 100. we have no savings, but we need a bigger car. we have like i mentioned, a 2dr chrysler sebring and its just too small and a hassel to put the girls in the back whenever we go out. i know its suicide, cause if we do this and we want to trade out this car, itll be hell or even impossible,