http://www.nano-scout.com Cool Asian Antiques!! Tue, 07 Feb 2012 23:29:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.nano-scout.com/asian-antiques/zisha-chinese/comment-page-1/#comment-5079 IAMDIGGZ Tue, 07 Feb 2012 23:29:14 +0000 http://jnoonan8827.mycontrolinterface.com/nano-scout.com/asian-antiques/zisha-chinese/#comment-5079 I'm looking to purchase a used car from a dealership. I live in Ontario, Canada. I'm 21 years old and I have a great credit score, Last I checked it was 802 but my point is, the total price of the car after tax is 7400. I was given the option of putting 1200 down and not even bothering with a credit check, just drive off the lot and pay 244 a month for a 36 month period. My second option is to borrow the 7400 as a loan from the bank. The dealer said he guesses I'd get a 7% interest rate, bank said 8-10%. My final option is to finance through the dealership, but I don't like that because I'm all about keeping my credit where it's at. I've never missed a credit card payment, phone bill payment, etc. My point is, I'm thinking paying the 1200 down and just making the monthly payments would be best. Seems to have the lowest interest rate and making that kind of downpayment would make the term shorter. Anyway, what do you believe is the best course of action in terms of these three options. Thanks again.. One expansion would be that the bank is telling me they'd charge me 3% more interest than the dealership. if I put the 1200 down then it's 7% interest and if I go through the bank and put nothing down it's 10% interest, same amount if I put down 1200 with the bank.. I’m looking to purchase a used car from a dealership. I live in Ontario, Canada. I’m 21 years old and I have a great credit score, Last I checked it was 802 but my point is, the total price of the car after tax is 7400. I was given the option of putting 1200 down and not even bothering with a credit check, just drive off the lot and pay 244 a month for a 36 month period. My second option is to borrow the 7400 as a loan from the bank. The dealer said he guesses I’d get a 7% interest rate, bank said 8-10%. My final option is to finance through the dealership, but I don’t like that because I’m all about keeping my credit where it’s at. I’ve never missed a credit card payment, phone bill payment, etc. My point is, I’m thinking paying the 1200 down and just making the monthly payments would be best. Seems to have the lowest interest rate and making that kind of downpayment would make the term shorter. Anyway, what do you believe is the best course of action in terms of these three options. Thanks again.. One expansion would be that the bank is telling me they’d charge me 3% more interest than the dealership. if I put the 1200 down then it’s 7% interest and if I go through the bank and put nothing down it’s 10% interest, same amount if I put down 1200 with the bank..

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