Thu, Nov-14-2002, 02:31:37 AM
I have some questions about ordering. I intend to put about $30K and finance the rest. When I order how much is expected down? At what point does downpayment expected and the financing finalized?
do I give them $1000 to order, then the balance of the downpayment and financing arrangements at or near the pickup?
Thu, Nov-14-2002, 03:39:39 AM
first time buying a car? :D
anyway, what is required down depends on your credit and the bank doing the financing. some wont require anything down..others will require 10%.
if your credit is excellent...try http://www.peoplefirst.com
$1k is a goodfaith deposit when you order your car to your specs.
when the car comes in, the $1k is applied to the purchase. financing is done when you take delivery.
if you put down $30k, you should get a nice rate; i think any bank will lend you the balance with that much down unless your credit is sh*t.
Thu, Nov-14-2002, 05:09:53 AM
thanks! no i this is buy far not my first time buying a car. however it is my first time not getting one off the lot.
so i can order it with 1k, around delivery i can coordiante the balance of the downpayment and the financing. i was concerned that i would have to complete the transaction at the time fo the order and miss a couple of months of investment time with the 29k.