• Mustang Forums
  • 1996 - 2004 SN95 Mustang -General/Talk-

i think. i did the right thing yesterday,

  • Thread starter Thread starter johnnyt03gt
  • Start date Start date May 20, 2010

johnnyt03gt

5 Year Member
Mar 15, 2008
453
5
29
dallas TX
May 20, 2010
#1
  • May 20, 2010
  • #1
i had the "new car bug" yesterday.
i went to dallas dodge. picked out a NEW all black dodge challenger R/T. sticker price 30k
was offered 6k for my 03GT. 95000.00 miles check engine light and abs light was on,
so i was happy with that. i said i'll take it!!! after a credit check. i was approved BUT he said the APR im getting is going to be 18%, im like WTF i have a 680 credit score he also
informs me that the car i picked was going to cost an extra one thousand dallas over invoice price, because it had tinted windows and 20 inch wheels. again WTF so i let him talk,
i asked what's with the high APR%, he said because im in the risk categorie because my
previous payments ware onyl $342 a month. so anyway he said im looking at the following,

30k car + 1k for tinted windows=BS 18%, APR $850 pre month for 60 months =51k
i told him thanks but no thanks i got my keys went home. im not going to pay 19k on interest alone, so F**K THAT S**T this is why and how dodge-ford-gm went bankrupt
and all the banks too, anyway sorry for all my bitching just had to vent
crapola
 

S&B

I hate my CT. :(
10 Year Member
Dec 18, 2005
1,634
695
204
Cheesehead
May 20, 2010
#2
  • May 20, 2010
  • #2
yeah you would be a moron if you took that crappy deal
 

mazen189

Member
Jul 31, 2007
424
0
16
I.E. southern california
May 20, 2010
#3
  • May 20, 2010
  • #3
credit companies are a bunch of dipchits. 680 is not a bad credit score and thats why I have. Luckily for you, you at least got approved. I tried trading in my 03 gt about 6 months back for a used 08 Maxima for 20K. They wouldnt approve me without putting 5k down, with my car, which owed 2k on and a 400 dollar payment for 60 months. I dunno where they get these crazy numbers from. But going back to what you said, this is why everything is screwed up. Who the hell wants to make payments for 5 years....and now im seeing 72 month financing. HOLY FREAKING CRAP!!!
 

sneaky98gt

10 Year Member
Apr 23, 2008
2,387
144
114
NC State University
May 20, 2010
#4
  • May 20, 2010
  • #4
johnnyt03gt said:
this is why and how dodge-ford-gm went bankrupt
Click to expand...

Ford didn't go bankrupt, or really even come close to it.

Back on topic, glad you didn't take a bad deal. That would have sucked.
 
N

ninjastang125

New Member
Nov 1, 2008
591
2
0
maryland
May 20, 2010
#5
  • May 20, 2010
  • #5
I think you would have been disapointed with the challenger.
 
J

Jagerbeast

New Member
Mar 7, 2010
516
0
0
Virginia
May 20, 2010
#6
  • May 20, 2010
  • #6
I'll sell you my tints for 1k
 

Mike97gt

it doe snot
Founding Member
Jan 26, 1999
10,633
7
89
the people's republic of massachusetts
May 20, 2010
#7
  • May 20, 2010
  • #7
johnnyt03gt said:
i had the "new car bug" yesterday.
i went to dallas dodge. picked out a NEW all black dodge challenger R/T. sticker price 30k
was offered 6k for my 03GT. 95000.00 miles check engine light and abs light was on,
so i was happy with that. i said i'll take it!!! after a credit check. i was approved BUT he said the APR im getting is going to be 18%, im like WTF i have a 680 credit score he also
informs me that the car i picked was going to cost an extra one thousand dallas over invoice price, because it had tinted windows and 20 inch wheels. again WTF so i let him talk,
i asked what's with the high APR%, he said because im in the risk categorie because my
previous payments ware onyl $342 a month. so anyway he said im looking at the following,

30k car + 1k for tinted windows=BS 18%, APR $850 pre month for 60 months =51k
i told him thanks but no thanks i got my keys went home. im not going to pay 19k on interest alone, so F**K THAT S**T this is why and how dodge-ford-gm went bankrupt
and all the banks too, anyway sorry for all my bitching just had to vent
crapola
Click to expand...



Ford did not go bankrupt.. and 680 credit score gets a much better rate than 18 percent.. if your score was 580 maybe 18 percent but not for a 680 score
 

'13_ImpactBlue_GT

Angry Little Elf
Mar 30, 2005
872
2
98
Where the men are men and the sheep are nervous
May 20, 2010
#8
  • May 20, 2010
  • #8
18%..........Jesus!!!

A 680 score is pretty damn good, glad u did not take that "deal". And a car pmt of $342 puts you in the "risk" category??? Give me a effin break
 

rabidscoobie

10 Year Member
Jun 21, 2007
616
12
48
College Station,TX
May 20, 2010
#9
  • May 20, 2010
  • #9
Crappy dealer..but then its dodge they have always screwed people Ive known.

My credit score isnt that good,divorce years back helped that and I dont get 18%,its lower but cant remember I would need to look.

As for the risk,my insurance company works like that,they base your risk assessment of your credit rating,low score high risk...wtf..
 

COBRA90GT

Mustang Master
Sep 22, 2001
6,654
0
87
HOCKEYTOWN ® , MI
May 21, 2010
#10
  • May 21, 2010
  • #10
OMFG 18%


Damn straight you should have ran away from that deal !!
 

S&B

I hate my CT. :(
10 Year Member
Dec 18, 2005
1,634
695
204
Cheesehead
May 21, 2010
#11
  • May 21, 2010
  • #11
go to Ford you idiot 0% financing on 10' mustangs i believe is still going on.
 

salprint

New Member
Aug 11, 2009
39
0
0
Long Island, New York
May 21, 2010
#12
  • May 21, 2010
  • #12
My credit score sucked when I bought my '09 last year. I had just gone bankrupt because my business failed in the bad economy. But I was still able to get 1.5 percent through Ford Credit. I did have an Escape and the payments were up to date.
 
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