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Question my Lease is coming up in the end of May. This is the second car I have leased. I want to keep the car at the end. I figure it be best since I put 200 miles a week on it. Right now at 38,000 miles. I figure after 4 year's should be at 120,000 miles or a little over that number.
Mt credit is so so 750 is my score and about $5,000 in credit debt. I was thinking of putting $2,000 down for a loan on the car. Does the finance companies usually approve you for loan's? Do you normally put money down? Been good with payments and taxes. Any clue how it works so when I call the financial group managing my lease sound like I know something, ha.
Well your car is probably worth more than the residual since it has low miles. You can get it financed at any lending institution. You do not have to go through dealer. Go check out local banks and credit unions to see what they are offering.
Question my Lease is coming up in the end of May. This is the second car I have leased. I want to keep the car at the end. I figure it be best since I put 200 miles a week on it. Right now at 38,000 miles. I figure after 4 year's should be at 120,000 miles or a little over that number.
Mt credit is so so 750 is my score and about $5,000 in credit debt. I was thinking of putting $2,000 down for a loan on the car. Does the finance companies usually approve you for loan's? Do you normally put money down? Been good with payments and taxes. Any clue how it works so when I call the financial group managing my lease sound like I know something, ha.
Appreciate the feedback.
At 750 you are considered a Tier 1+ credit risk, so your credit is better than so-so, its great. With $2K down you will get the loan no problem, and at a great rate.
Question my Lease is coming up in the end of May. This is the second car I have leased. I want to keep the car at the end. I figure it be best since I put 200 miles a week on it. Right now at 38,000 miles. I figure after 4 year's should be at 120,000 miles or a little over that number.
Mt credit is so so 750 is my score and about $5,000 in credit debt. I was thinking of putting $2,000 down for a loan on the car. Does the finance companies usually approve you for loan's? Do you normally put money down? Been good with payments and taxes. Any clue how it works so when I call the financial group managing my lease sound like I know something, ha.
Appreciate the feedback.
If your mileage is not too high at the end of the lease, you're not likely to have too much negative equity, so you should get it with good income and credit.
Should I put money down?
Or better to put money towards the car? I like to get the car tuned up and put new wheels on the car. Currently paying $325 a month for the car. Car was $26 0000 think about $12 000 is left on the car. Like to keep the car for 3 or 4 more years and hoping to get the car loan payments under $300. Think it's possible? Should I go through Toyota Financial? I am unable to get a loan through my bank since most of my credit debt is through them.
Can you pay off the debt by may first? You may get better interest rate. I got around 0.9 and 1.5% on cars.
Your math is off, adding 80,000 miles in four years to get to 120,000 miles I almost 400 a week not 200. You might be over lease agreement on miles if you thought you got fewer miles
Why tune up at 40,000? Spark plugs/cables should be fine still. Well check it out before lease ends so it is covered I guess. Cheap to do plugs/cable on a toyota. About $30 for the set on a 4 cylinder and 5-10 minutes to install. Same for the various filters too
I'd put the 2k toward the 5k debt. Usually the Interest Rate to buy out at your level of credit rating is pretty low....what rate are you paying on the debt?
Should I put money down?
Or better to put money towards the car? I like to get the car tuned up and put new wheels on the car. Currently paying $325 a month for the car. Car was $26 0000 think about $12 000 is left on the car. Like to keep the car for 3 or 4 more years and hoping to get the car loan payments under $300. Think it's possible? Should I go through Toyota Financial? I am unable to get a loan through my bank since most of my credit debt is through them.
You're $5k in CC debt and want to get shiny wheels on your car?
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