Not gonna be a daily driver I already have one of those. I DD a built b5 a4

tbh tho you will probably have a hard time getting a loan on a car from the 90's... most banks stay away from cars like those, like supra's and whatnot, unless you put down a large percentage of the total cost

This post was edited by Epicexecution on Jul 6 2013 02:30am

True, which is why i asked. i don't know much about that kind of shit

I would not even attempt to finance that car. Alot of banks won't finance cars that are more than 5 years old and the ones that do charge ridiculous finance rates. I just went through car financing and can let you in on what I learned. I have pretty much perfect credit and am a homeowner. I got 2.09% financing on an 08. If I would have gotten an 05-07 it would have jumped to between 4-7% due to the age of the car. And older than I think 05 they wouldn't even do it. If your credit isn't so great, then you can expect your rates to be doubled (at least). And paying that much interest on an older car (or any car for that matter) is just financial suicide

Basically if your dead set on that specific model M3, pay outright cash or get a different car.

about what kind of rate would you expect someone who is 20 years old to get? if they were to finance a car in around the 20k range.
and have a cosigner with perfect or near perfect credit score.

E: just test drove a gli from a random dealership but the monthly payments they wanted where insane. im pretty sure volkswagon brand new are less/month then what the guy offered me.
guessing my interest rate must of been like 20% or something.

This post was edited by NickTheHcPlayer on Jul 6 2013 07:21am

Thats even worse haha

Nah it's dope
Your opinion on how it's bad? Just curious

This post was edited by DontBelieveTheLiberalMedia on Jul 6 2013 01:47pm

Exactly my thoughts..

idk, you can use lendingtree.com, I got 2 responses with rates within the hour, and another one the next day. Even if you don't go with one of them, you can at least get a ballpark of what your rates would be for no charge. I actually went with the dealers financing through Bank of America. The top rate I got on lending tree was 2.19% and the dealer assured me they could beat it (and they did by .1 lol).

Used cars and new cars are totally different for financing though. You can get much better rates on new cars... even as low as 0% in some cases.

oh and NEVER go by the monthly payment. Car guys love to say "I can put you in that car for $300/month". Always negotiate based on the price of the car, not the monthly payments.

This post was edited by MrShowtime on Jul 6 2013 04:45pm