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post #1 of 14 Old 11-14-2008, 09:48 AM Thread Starter
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They no longer offer leases as of September 01 2008 and as of the end of September they no longer offer Smart buys. I have been told that most banks wont even roll over negative equity into a new car loan anymore due to the economy. There goes my Camaro dream For at least a couple more years anyway.

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post #2 of 14 Old 11-14-2008, 10:05 AM
 
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Don't let NEW news ruin your dream! The whole economy is in a S**T Sandwich right now, but if you have good credit you have options. You will get your Camaro!
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post #3 of 14 Old 11-14-2008, 10:12 AM
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Well, you're certainly better off not rolling over negative equity into a new car loan...unless you're getting 0%.

Keep the faith and keep saving your $$.

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post #4 of 14 Old 11-14-2008, 10:14 AM
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It depends on how long it takes for regular consumers to get easier credit again. Right now you have to have a very good credit rating to sign and drive. It's not quite as easy as it used to be. But still do-able. I think right now, people that need to get the loans are more worried about if they'll keep their job long enough to pay for the loan.

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post #5 of 14 Old 11-14-2008, 11:18 AM
 
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Ok every one calm down, it is no different getting car credit now than it was before. Gmac is not the way to go but there is many other avenues out there. And you do not need to have outstanding credit. Its just as "easy as has been in the past"
DON'T BELEIEVE THE HYPE.
Everyone needs to go on as life as normal, its the only way things will get better. Stop with all the knee jerk reactions, thats only making things worse than they really are.
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post #6 of 14 Old 11-14-2008, 11:23 AM
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Originally Posted by gss9909 View Post
Ok every one calm down, it is no different getting car credit now than it was before. Gmac is not the way to go but there is many other avenues out there. And you do not need to have outstanding credit. Its just as "easy as has been in the past"
DON'T BELEIEVE THE HYPE.
Everyone needs to go on as life as normal, its the only way things will get better. Stop with all the knee jerk reactions, thats only making things worse than they really are.

EXACTLY

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post #7 of 14 Old 11-14-2008, 12:21 PM
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Quote:
Originally Posted by $'s 5th Gen View Post
They no longer offer leases as of September 01 2008 and as of the end of September they no longer offer Smart buys. I have been told that most banks wont even roll over negative equity into a new car loan anymore due to the economy. There goes my Camaro dream For at least a couple more years anyway.
These are very GOOD things.

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post #8 of 14 Old 11-14-2008, 07:26 PM
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Hi,

Can someone tell me what they think a 'GOOD' credit score is? I know what mine is, but I'm not sure where it is in the big picture of buying a car these days.

Sean

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post #9 of 14 Old 11-14-2008, 07:33 PM
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post #10 of 14 Old 11-14-2008, 07:39 PM
 
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I have an 807 and the best my local bank would do is 8% with 20% down. In a few short words, I told them to stick it.

I haven't worked to get and maintain excellent credit to get an 8% auto loan.

A buddy of mine in the last month bought a Yukon with nothing down and got 5.9 through whichever bank they used.

Who knows where all this will be when we actually need it, but let's hope it gets better for all of us.
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