New truck.. Where to start..??

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11-19-2009, 12:36 AM
lo-lyf

Quote:

Originally Posted by pl4yboy

Correct. I've had my father co-sign on two 10k loans to finish the 69 and I had the credit to have my 08 put completely in my name, without a co-signer. Of course I paid off both loans early and I had a hefty down payment for the new one. I've also got credit from college loans and such too, so I guess I may be ahead of the curve, at 20 years old.

You are on the right track dude. That's more than I can say about myself at 20 and I think I'm doing very well for myself. I managed to screw up a good two years of building mine up. I got myself back on track at about 21-22 though.
11-19-2009, 11:06 PM
Toadz

Quote:

Originally Posted by devin_deville

Cosigning doesn't do a damn thing for anybody as far as credit goes, all that does is make it to where if you can't pay it, they pay it. Honestly i don't want my parents name on anything of mine, because as long as it's like that, they can hold it over my head. I want it to be MINE!! and as far as a turbo, they don't go for that kinda stuff. They freaked out when i mentioned buyin me a cold air and a tune. Old schoolers lol

What do you mean it doesn't do a damn thing for anybody? It allows you to get a loan and build credit whereas if you didn't have a cosigner you wouldn't be able to get the loan and build credit off of it. My loan that I had to have my dad cosign for me when I was 17 is on my credit report and helped me out tremendously.
Let me get this straight, you don't want your parents name on anything of yours because they will hold it over your head and you want it to be YOURS!! BUT...you'll let them BUY you a truck? I don't get it.

Quote:

Originally Posted by lo-lyf

Having a co-signer doesn't help the co-signers credit but it will help yours as long as the payments are made. Even if I were buying my child a vehicle I would co-sign it for them so I could help out their credit. It takes longer but it still helps. That's what my pops always did for me, so it could build my credit. He's a country-boy self made millionaire so I trust his financial advice......until it comes to buying/modding vehicles(extra vehicles that is).

It doesn't help the cosigner but it helps the person who needs the cosigner, which is the OP in this case stating that he can't get anything on his own because of no credit.
11-20-2009, 06:05 PM
Frenchy

Ok so back to the truck......
11-21-2009, 10:46 AM
Toadz

So did your parents buy the truck yet?
11-21-2009, 03:44 PM
Frenchy

My parents paid for my truck, I still work 60 hours a week for not enough money. Doesn't mean he's a lazy prick.
11-21-2009, 04:04 PM
txarkitekt

Quote:

Originally Posted by sleeper1500

My parents paid for my truck, I still work 60 hours a week for not enough money. Doesn't mean he's a lazy prick.

He's not, but you are. :thanks:
11-21-2009, 04:09 PM
Frenchy

Douche.
11-21-2009, 09:08 PM
zeake

Buy an alarm and leave it stock. Concentrate on buying a house and when it is paid off then get some play toys. Rent a couple of rooms to your buddys to help pay the note, but remember business is business. Don't buy anything on credit.
11-21-2009, 09:30 PM
lo-lyf

Quote:

Originally Posted by zeake

Buy an alarm and leave it stock. Concentrate on buying a house and when it is paid off then get some play toys. Rent a couple of rooms to your buddys to help pay the note, but remember business is business. Don't buy anything on credit.

If you get an alarm, make sure the installer knows WTF he is doing for the sake of your truck.
11-28-2009, 12:06 AM
devin_deville

Alarm lol. I live in a town of 1000 ppl. Nobody has the balls to steal anything

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