Auto credit? Credit history is credit history, doesn't matter if it is a Sears charge card, auto loan or student loan, they all add to your credit report.Originally posted by: AMDman12GHz
Originally posted by: nourdmrolNMT1
why not have your father buy the car, and then have him sell it to you for 1$ (put it on the title), you just need to get someone who you know to put the little stamp thingy on it, and it will be titled in your name, however your father will still have the payments, which you can just make to him.
(did not read thread to see if this was mentioned)
MIKE
I want to gain the auto credit, And to the guy who wants me to pay cash for it, that does me now good for establishing auto credit, then when I go to get a car later on I will face the same sit. No matter my age, if I don't have auto credit it will still be hard for me to get one.
And to all you saying for me to get something else, Why should I settle for less, and for something that I don't want when there should be a way for me to get what I want.
Josh
Yea i went and looked at the new ones at a different dealership. They are 25k - 4k+ in rebates. They said I didnt qualify for the rebates since I was a first time buyer...... Even if my parents cosigned. every dealer I have went to have been assholes about my age.Originally posted by: L vis
I didn't read the whole thread, but you may want to keep shopping. My local Ford dealership sells them brand new for only a thousand more.
Please stop with the you don't need, you can't afford BS. I have driven a 92 5.0 for 2 years and have driven it safely. Just because the car is a V8 does not mean im going to bullshit around in it. Its just what I want. I was making the same kind of insurance payments/monthly payments on my 92 5.0 when I purchased it 2 years back, and I have had it paid off for 1 1/2 years. The insurance quote isnt just a quote its an actuall price statement they said it WOULD be that....Originally posted by: Mill
They've been assholes about your age, because you are obviously not credit worthy. There is no difference between regular credit and auto credit. If you can get regular credit you can get auto credit. There are different types of credit... revolving, etc, but having "credit" is having credit.
You don't need a Mustang GT at 19. No one needs a Mustang GT at 19. It will do nothing but get you into trouble. Before you say I don't know you and you are different, realize that I had a brand new one at 16. I completely understand now how foolish that was. My advice is to not get the most expensive car you can afford. Get a car that leaves you wiggle room, so that you can actually have a social life instead of working to pay insurance and your car payment. Also, your quote for a GT is way off. Until you hit 21 it is going to be pretty high.
Im not whinning about it, I just feel like I am being lied too about some of the policys. Im not complaining about any costs of the car either, If I wasent ok with the $$$ of the car/insurance I wouldn't be getting it.Originally posted by: PingSpike
You're a male 19 year old. Get used to paying through the nose for cars. You are the most accident prone demographic out there....they don't want to sell you the car because its a solid bet you will wreck it.
I'm sure you're different and blah, blah, blah...but they don't care because they have their statistics sheet and its been right more often than you. Go to a different dealership, maybe you'll have better luck.
Arnold Schwarzenegger: "Stop Whining!"
I had a 2000GT at 16 brand new. I still have it in fact. As I said, you don't need that car. Wait until you can actually enjoy it responsibly. At 19 that simply isn't possible. Like I said, spend your money on a lower priced car so that you can save up money and actually have a social life. Otherwise you will be working your ass off just to make the payment. The choice is yours. I am just giving you advice.Originally posted by: AMDman12GHz
Please stop with the you don't need, you can't afford BS. I have driven a 92 5.0 for 2 years and have driven it safely. Just because the car is a V8 does not mean im going to bullshit around in it. Its just what I want. I was making the same kind of insurance payments/monthly payments on my 92 5.0 when I purchased it 2 years back, and I have had it paid off for 1 1/2 years. The insurance quote isnt just a quote its an actuall price statement they said it WOULD be that....Originally posted by: Mill
They've been assholes about your age, because you are obviously not credit worthy. There is no difference between regular credit and auto credit. If you can get regular credit you can get auto credit. There are different types of credit... revolving, etc, but having "credit" is having credit.
You don't need a Mustang GT at 19. No one needs a Mustang GT at 19. It will do nothing but get you into trouble. Before you say I don't know you and you are different, realize that I had a brand new one at 16. I completely understand now how foolish that was. My advice is to not get the most expensive car you can afford. Get a car that leaves you wiggle room, so that you can actually have a social life instead of working to pay insurance and your car payment. Also, your quote for a GT is way off. Until you hit 21 it is going to be pretty high.
Josh
Yes I understand that, but when I am told we can't get you this used 03 GT for 18000, but we can get you this new fully loaded 04 LX for 18000 that aggervates me. Its the same investment for the banks. I am just as likely to wreck a V6 as I am a V8, if you want to look at it saying thats how they look at it. You can drive a v6 just as fast as a v8 if you are irresponsible.Originally posted by: Mallow
This is their investment... you can't blame then for trying to protect their investment and not wanting to put it solely in the hands of a 19 year old. You may be very responsible, however, statistically 19 yr. olds are not.
I agree crapital one suxOriginally posted by: lnguyen
wait... ppl were saying a capital one company was *good*!?!? i don't think i've ever heard that one
but yeah, dealers are being "assholes" about your age for a reason. Teenagers are just a statistic, and you got the odds against you. Put yourself into the dealers shoes. They probably get the same story all the time, and most likely selling to teenagers is a lot more trouble than it's worth for them.
btw, what's this talk about all the different kinds of "credit" anyway...
You're wrong here. New cars are typically easier to finance than used cars.Originally posted by: AMDman12GHz
Yes I understand that, but when I am told we can't get you this used 03 GT for 18000, but we can get you this new fully loaded 04 LX for 18000 that aggervates me. Its the same investment for the banks. I am just as likely to wreck a V6 as I am a V8, if you want to look at it saying thats how they look at it. You can drive a v6 just as fast as a v8 if you are irresponsible.Originally posted by: Mallow
This is their investment... you can't blame then for trying to protect their investment and not wanting to put it solely in the hands of a 19 year old. You may be very responsible, however, statistically 19 yr. olds are not.
Josh
^^^Originally posted by: yellowfiero
Save your money and buy a Geo.
FTC infoOriginally posted by: Vic
What's this "he's 19 and male" crap?
For a lender (any lender) to discriminate on the basis of age (provided the applicant has the capacity to contract) and sex is a violation of the Federal Equal Credit Opportunity Act (ECOA).
A lender can discriminate on the basis of excessive defaults, but the basis for such discrimination must be related to income (although some sources of income are protected), employment, credit history, etc. and NOT on the basis of age or sex (among other protected classes, like race, color, religion, national origin, and marital status).
You need to file complaints with the BBB, your state AG, and the FTC.
My truck loan is though them and it's been a great company to do business with. They were people first when I got it, I think they were owned by mbna.Originally posted by: Sysadmin
I agree crapital one suxOriginally posted by: lnguyen
wait... ppl were saying a capital one company was *good*!?!? i don't think i've ever heard that one
but yeah, dealers are being "assholes" about your age for a reason. Teenagers are just a statistic, and you got the odds against you. Put yourself into the dealers shoes. They probably get the same story all the time, and most likely selling to teenagers is a lot more trouble than it's worth for them.
btw, what's this talk about all the different kinds of "credit" anyway...
Sysadmin
Hey now, watch it. I happen to have a geo storm. Wait a second, my car sucks @ss. NM, never buy a geo, and never get one from (i wont name this dealership for fear of prosecuation because it sucks so much @ss and would make more suing a college kid than selling their crappy cars) in Rice, MN. I have spent close to 2500 dollars over the past 2 years fixing this piecer. It was mostly my fault because i was young and stupid and didnt get it checked out at the time, but just to be safe i will never go there again.Originally posted by: yellowfiero
Save your money and buy a Geo.
Originally posted by: AMDman12GHz
Well its not just the dealer, its ford motor credit.....Originally posted by: NogginBoink
Find another dealer who WILL sell to you.
When you buy your new car go visit the delaer who wouldn't sell to you and inform them of their lost money.
I tried banks, banks will not give me an auto loan even with a co-signer, my insurance agency will give me $10,000 so if i saved up the rest, would only need 3-4k i could do that.
Originally posted by: allisolm
I have some credit, which is good, but no auto credit yet.
Okay, I guess I missed the memo on this. Is there auto credit which is different from regular credit and what's the difference?
Ford motor credit may have that policy But I doubt the dealer does.Well the more we investigated it we found out the reason the dealership denied me was because they, the dealership hardly EVER gives a 19 year old a GT, because statistically they get returned due to non payment, This is no matter the down payment, no matter how many cosigners and no matter the cosigners auto credit. Well I got in touch with Ford Motor credit and they told me the same thing. Well tell me does the friggin car have a sticker on the window that says must be 21+ to purchase no matter the situation.