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Please help with loan asap

Discussion in '2nd Gen. Tacomas (2005-2015)' started by Turb0wned, Sep 14, 2009.

  1. Sep 14, 2009 at 8:41 AM
    #1
    Turb0wned

    Turb0wned [OP] Well-Known Member

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    Some of u read my post saying that im am going to buy my dads truck. Im trying to figure out the best place for me to apply for a loan. I would like some ideas of where to applt. Since i have another car loan out right now ( my girlfriends lexus is in my name) my dad will be cosigning and he has an 800 credit score so i shouldnt have a problem getting on right???? Thanks.
     
  2. Sep 14, 2009 at 8:42 AM
    #2
    TicTacOma

    TicTacOma UnderWater Monopoly Champion

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    It's all in my head at the moment...
    Go to his bank or try a credit union.
     
  3. Sep 14, 2009 at 8:43 AM
    #3
    gupster88

    gupster88 Well-Known Member

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  4. Sep 14, 2009 at 8:44 AM
    #4
    novakills

    novakills Well-Known Member

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    Where are you located?

    If you require a cosigner I assume you will be working on building your credit. If so, a Credit Union is a fine place to start.
     
  5. Sep 14, 2009 at 9:48 AM
    #5
    Kyouto42

    Kyouto42 Iron Beard

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    Credit Union or USAA (banking is not restricted, open to all). Shop around for the best interest rate.
     
  6. Sep 14, 2009 at 9:51 AM
    #6
    Turb0wned

    Turb0wned [OP] Well-Known Member

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    Thanks guys im going to be trying it this week. Ill keep you posted.
     
  7. Sep 14, 2009 at 10:08 AM
    #7
    Snyperx

    Snyperx Seniore Marcos

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    Mod, we need this thread relocated please. Thanks!!
     
  8. Sep 14, 2009 at 12:27 PM
    #8
    TicTacOma

    TicTacOma UnderWater Monopoly Champion

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    That's your suggestion? No help, just a reach around to tell him he is in the wrong thread without actually telling him he is in the wrong thread.

    Let someone else do the heavy? Didn't seem to bother all those before you.

    It probably would of been better to suggest it to the OP yourself AFTER you put in some help for the original question.

    Like this...." I might suggest the same as the others who posted ahead of me, yes a credit union is a great place to start if you need to establish credit of your own" On a side note, The Off-Topic Discussion Forum would be a better place for this question to be asked.

    Easy Squeezy Cheesy ...
     
  9. Sep 14, 2009 at 12:36 PM
    #9
    Turb0wned

    Turb0wned [OP] Well-Known Member

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    Sorry for posting in the wrong place, I was doing it quickly and from my iphone.. TicTacoma, I have 4 and a half years of credit with no late payments what so ever. To the credit companies that isn't much but its also not my first car loan. The real reason for me going with my dad as a cosigner is that I still have that car loan out that my girlfriend pays for but there going to see it as, he doesn't make enough money to pay for both... So with my dads score and long perfect history and 4k down-payment I feel is the only way they will give it to me... Still you suggest credit union correct? Im just waiting till about Wednesday because I payed off a loan that I had out and my new statement comes out tomorrow. Im hoping it will show up on my credit report to get the lower interest rate.
     
  10. Sep 14, 2009 at 12:38 PM
    #10
    Rudbwoy7s

    Rudbwoy7s Well-Known Member

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    x2!
     
  11. Sep 14, 2009 at 12:53 PM
    #11
    Snyperx

    Snyperx Seniore Marcos

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    I don't get what we are trying to help him with? He said he already has a loan with his woman's Lexus. Shop around for the best rate (bank, credit union, loan shark....whatever), apply for loan, get approved, sign papers, drive truck. Just saying......;)
     
  12. Sep 14, 2009 at 1:08 PM
    #12
    TicTacOma

    TicTacOma UnderWater Monopoly Champion

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    It's all in my head at the moment...
    Did you ever think that any answer to any question does not just help the one asking the question? There are others who are in a similar situation (any situation) that wait in the back ground for answers to their unasked questions. The whole point of these forums, posts, threads is to put out what you know or think you know and let them decipher for themselves.

    He answered part of his own question but left it up to others to share an opinion or experience.

    Geeeesh!!!!:rolleyes:
     
  13. Sep 14, 2009 at 1:27 PM
    #13
    Snyperx

    Snyperx Seniore Marcos

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    Woah!! Easy Tiger.^^ Sorry if I sounded like a jerk. The thread still needs to go into another forum, not the 2nd Gen forum.:p This was a general loan question. Maybe move the thread to Off Topic (I don't think TW has a finance forum:)). Just trying to keep the forum somewhat organized.

    To the OP, I would just call around first. Talk to a few loan people at the banks and credit unions in your area. Ask them questions on how they service there loans (i.e. in-house). What kind of penalties if you are late with a payment? Can you setup auto-payment and if so is there a service charge? Look for rates and Bankrate.com. Hope that is a bit more helpful.;)
     
  14. Sep 14, 2009 at 1:29 PM
    #14
    Colton

    Colton Reagan/Bush '84

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    I'd definitely go with a Credit Union.
     
  15. Sep 14, 2009 at 3:29 PM
    #15
    cjimenRR

    cjimenRR Be Good or Be Good At It

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    I would like to thank you for trying to keep clutter to a minimum, I've been on this forum for a short period of time but geez louise do we have repeat post, wrong sections, and what not. I'm not trying to bash TW but it should could use a clean up.



    To the OP, if you already have a loan under your name you should know how this works and what is required for a car loan. Even if your dad has a 800 score nowadays loan companies look hard at your debt to income ratio and base your interest rate on that. Do your homework so that you have enough info on your own personal credit and can gauge what kind of interest rate you might get
     
  16. Sep 14, 2009 at 3:35 PM
    #16
    jtav2002

    jtav2002 Kenny Fuckin Powers

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    Credit union.
     
  17. Sep 14, 2009 at 4:06 PM
    #17
    dexterdog

    dexterdog My pee parts itch

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    I vote for check around. Secondly, what were you thinking taking out a loan in your name to buy a Lexus for a girlfriend? Thirdly, where's that Chris4x4? Is he sleeping on the job already? I knew his promotion was a mistake.
     
  18. Sep 14, 2009 at 4:54 PM
    #18
    stang88

    stang88 Well-Known Member

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    deff use a credit union.

    my tacoma is thru toyota .... i have a bonneville in my name too... when i bought my 09 zx10r sportbike i used a credit union insead of kawasaki... the credit union had the best rate...

    tacoma 2.2%
    bonnevile 1.4%
    zx10r thru kawasaki was 11% :eek:
    zx10r thru credit union 4.75%

    and i only have a high 600 score.
     
  19. Sep 14, 2009 at 4:59 PM
    #19
    dexterdog

    dexterdog My pee parts itch

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    That is normal with motorcycle manufacturers due to the higher risk of ownership. If you want to buy a sport bike definitely look for other financial avenues. My wife and I have outstanding credit and 7.9% was the best Suzuki could do when I bought my TLR.
     
  20. Sep 14, 2009 at 5:28 PM
    #20
    Turb0wned

    Turb0wned [OP] Well-Known Member

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    She had no credit at the time and with the down payment she put she owes less thab the car is worth so if something were to happen i would be fine. Im going to go ahead and look around at rates like mentioned by many.
     
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