How is that possible?

 

Example before the end of the year ford was doin 0% on many of its 09s

Im gonna tell u right now if your parents have bad credit and u esentially have no credit you will pay out the *** in interest, and financing through the dealer is prly the worst idea they will rape you 7 ways sideways. find a credit union offering a good rate. just because u need financing doesnt mean you have to buy from a dealer

 

If you go to any banks website the used car loans almost always have a higher interest rate than new car loans. Not to mention the interest rates dealers off on new cars are pretty low. But you have to have good credit to get those rates.

How long have you been working where you are currently? Got any credit cards?

I was making like $12/hr, I was at my job for like 4 monthes and I had no bills. And I got approved for my brand new '08 Mustang lol No co-signer by the way. And no money down. I did have a good credit score tho because I was always good with my credit cards. I was 21 with a credit score of 720ish.

Of course now I make a lot more and I have bills now :-(

In retrospect I wish I would have waited until the car I traded was paid off and keep it as a DD. My Mustang has really racked up the miles lol :-P

 

Credit is a very important concept.. especially in this day and age after the whole mortgage collapse.

 

I any get a credit no more because of the new law.