How much will I save if I wait a month to get a car and by then i can boost my credit score to 700 vs buying one now with my credit score at 620?
Four answers:
STEVEN F
2009-04-26 12:59:11 UTC
1. Your credit score WILL NOT increase 80 points in one month.
2. With NO CLUE how much you plan to spend, ANY number is an UNEDUCATED guess.
3. You will save MUCH more buy buying a car you can afford. That means one you can buy for CASH.
4. There ARE reliable used cars that can be found for LESS then the average monthly payment on a loan.
wisegirl74
2009-04-26 19:11:26 UTC
I wouldn't worry about your credit score as much as I would about your monthly car payment, I suggest you to put away the monthly car payment in a bank account for 60 months then you will be able to pay cash for the car instead of paying 6 or 7 percent interest.
Mister2-15-2
2009-04-26 19:31:17 UTC
It is impossible to give you an exact figure, because it depends who you are doing business. If you are adjusting your credit score by making large payment would ask dealership or bank if large deposit will effect interest rate charged. Personally think credit scores are BS except for over the phone transactions. Sideline just got 2,00.00 in credit and my income wasn't asked.
2009-04-26 19:27:02 UTC
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