Comments on: Finance, Credit, Investments-modern Interpretation

By: Wednesday

Wednesday — Thu, 28 Jan 2010 13:00:01 +0000

buy here pay here means they will finance anyone with a decent sized down payment.

In house financing can mean both…they will tote the note and they also have sub prime finance sources.

Dealer financing often means the dealer can arrange financing for qualified buyers but can mean the others also.

Bottom line is if the dealer is doing the financing, you are paying too much. Both in price and interest rate.

Why ? Because you likely are a poor credit risk and its the only way the business can be profitable.

By: Yoli

Yoli — Thu, 28 Jan 2010 12:19:36 +0000

If you have already paid for certain expenses then you will have to pay those again such as your appraisal/survey/etc.

By: Awsome

Awsome — Thu, 28 Jan 2010 07:53:31 +0000

I would talk to a local bank about it. I bought my wife's engagement ring with financing through the jewelry store. It really wasn't financed by the jewelry store, it was through a local bank, the jewelry store just helped with the paperwork.

Talk to the bank about how that would work.

The other option if you can afford to accept payments is to finance them yourself, but you better talk to a lawyer and make sure your contracts are rock solid because sooner or later you will have to repo somebody's bike and sue them for the balance of the loan.

By: earthlink

earthlink — Thu, 28 Jan 2010 05:35:16 +0000

hey cani8gr8fag8, that’s exactly what i said when i fucked your ugly mum in the arse. Sucked in. Just returning the compliment Paki.

By: Jason

Jason — Wed, 27 Jan 2010 19:15:48 +0000

Balloon loans provide lower payments but then you owe a huge final payment, which you have to finance again. What this does is keeps you upside down on your loan for years, increases your total finance costs, and makes it almost impossible to sell or trade your car before the end of both loans. Stay away from balloon loans if you can. Dealers sometimes push them just to get the payment a customer wants, without fully explaining the downside.

By: jpro

jpro — Wed, 27 Jan 2010 09:47:37 +0000

I came, I saw, I left in boredom.

By: Gordo

Gordo — Tue, 26 Jan 2010 23:20:02 +0000

Chances are that private lenders do not report your loan and payment history to the credit bureaus.

By: corpo

corpo — Tue, 26 Jan 2010 17:02:51 +0000

You don’t agree with modern economic thought? Great. What exactly don’t you agree with and why? Maybe you have a unique idea of your own that we can all benefit from. However, until you learn how to express yourself on a point by point basis few will listen to what you have to say. Your sweeping generalizations about academic elite do absolutely nothing to change public perception.

Its real easy to sit behind a computer and flame. Its also real cowardly.

By: truth

truth — Tue, 26 Jan 2010 08:24:53 +0000

I warned you Christians, the kingdom of God is about to take over this world, prepare yourself, be holy, be like Christ.

By: D B

D B — Tue, 26 Jan 2010 07:26:16 +0000

You get a lot loan from a lender. The interest rate will be higher than a traditional mortgage. Typically the terms are shorter, I have seen several 10 year land/lot loans, a few 15s.