Comments on: Is it good to buy a car from a place that say “no credit check”? http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm Cars, cameras and camera equipment, mobiles and finance Sat, 04 Sep 2010 13:46:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: futurecoo http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm/comment-page-1#comment-521 futurecoo Wed, 21 Jul 2010 02:55:36 +0000 #comment-521 the problem i have seen with alot of these companies they charge outrages interest rates, and not all buy here pay type of places even report to the 3 major credit bureaus, so you end up paying high interest on a car that is not helping your credit situation. And because I deal with sales I see alot of people getting screwed out alot money to try and help their credit and they are still at square one when they want to trade it in. the problem i have seen with alot of these companies they charge outrages interest rates, and not all buy here pay type of places even report to the 3 major credit bureaus, so you end up paying high interest on a car that is not helping your credit situation. And because I deal with sales I see alot of people getting screwed out alot money to try and help their credit and they are still at square one when they want to trade it in.

]]> By: silverhemicharger http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm/comment-page-1#comment-520 silverhemicharger Wed, 21 Jul 2010 02:15:28 +0000 #comment-520 "no credit check" places use what's called, in-house financing. This can be useful if you have bad credit, if you already have a loan out and wish to purchase a second vehicle, or if you want to get an older vehicle with high mileage (most banks won't finance them). Interest rates are usually in the low double-digits (not 20-30%!!!), but remember, you are paying for convenience when most other "banks" won't be able to help you. “no credit check” places use what’s called, in-house financing. This can be useful if you have bad credit, if you already have a loan out and wish to purchase a second vehicle, or if you want to get an older vehicle with high mileage (most banks won’t finance them). Interest rates are usually in the low double-digits (not 20-30%!!!), but remember, you are paying for convenience when most other “banks” won’t be able to help you.

]]> By: something_fishy http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm/comment-page-1#comment-519 something_fishy Wed, 21 Jul 2010 01:50:19 +0000 #comment-519 If you consider 24-36% interest reasonable. If you consider 50% over NADA retail reasonable. Over priced crap on payments. Bad deal. The car will die. You will get mad and stop making payments. Then you have a real problem. If you consider 24-36% interest reasonable. If you consider 50% over NADA retail reasonable. Over priced crap on payments. Bad deal. The car will die. You will get mad and stop making payments. Then you have a real problem.

]]> By: Paul http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm/comment-page-1#comment-518 Paul Wed, 21 Jul 2010 01:10:43 +0000 #comment-518 No, it's good to have good credit as a result of being a responsible bill payer. If you have a lousy credit rating, whose fault is it????? No, it’s good to have good credit as a result of being a responsible bill payer.

If you have a lousy credit rating, whose fault is it?????

]]> By: SN 19-14 http://www.srh-motorsport-photography.com/no-credit-check-car/is-it-good-to-buy-a-car-from-a-place-that-say-no-credit-check.htm/comment-page-1#comment-517 SN 19-14 Wed, 21 Jul 2010 00:37:35 +0000 #comment-517 It will help you build credit if you secure a loan... places that dont do credit checks have high default rates and who do you think takes that cost? You will most likely have a bad experience with that, paying 30% more for a car, and high interest to boot.... If you go to your local credit union/bank and secure a loan, you will most likely get a better deal anyway, then your bottom line is the final cost of the car, you wont have to deal with the salesman crap..... Read this: http://consumerist.com/consumer/four-square/dealerships-rip-you-off-with-the-four+square-heres-how-to-beat-it-248445.php Great article on how a dealership works... It will help you build credit if you secure a loan… places that dont do credit checks have high default rates and who do you think takes that cost? You will most likely have a bad experience with that, paying 30% more for a car, and high interest to boot…. If you go to your local credit union/bank and secure a loan, you will most likely get a better deal anyway, then your bottom line is the final cost of the car, you wont have to deal with the salesman crap….. Read this: http://consumerist.com/consumer/four-square/dealerships-rip-you-off-with-the-four+square-heres-how-to-beat-it-248445.php Great article on how a dealership works…

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