I'm confused here. I went to the Pontic dealership today for a new look GTO. The cost of the car is 34K. I filled out an application, and the sales rep told me my credit score was 560th For the record, I had a BK, who was released in May this year. He said that since the car will take 3-4 months to get, he would take 5k deposit for the car. Ok . this is not the problem, I expected before I went there. The seller asked me how much I could put on the car. Now I wanted on the implementation of 10k on the car. I told him this. He went and talked to the guy I F u0026 and the seller came back and asked me if I would be able to kill more. Then he asked if I would be able to put down 15K. So, in all reality, with the 5K for a deposit and the deposit 15K, 20K, I would have put me on a 34K car. 20K down is out of my budget. Has anyone ever need to, 15K-20K put down beofre belongs on a car? If I said I would put in a position to 5K down, rather than 10K, so I wouldnt have been poushed set to 15K instead of down? Something just doesn't seem right with it. Let me put it like this. What would a normal down payment for a $ 34k car for someone who has a 560 credit score, be discharged with a BK, paid for with an open auto loan on time for 6 months, w / 2 credit cards on time for 4 months? I hope not wouild 20k
Reply:guyUOTEwould a finance company approve a loan with a 10k downpayment for a car that books for 33-35K?
Someone SHOULD!
Reply:anywayyyy, yes, the GTO is imported from Gm's sister company called Holden in Australia. I went to another dealer yesterday that is going to try to get 10k approved for the downpayment. My original question was, would a finance company approve a loan with a 10k downpayment for a car that books for 33-35K? I seem to be getting different answers from about almost all the dealers in my area. In fact, the local ford dealer basically shoved me out the door as soon as I mentioned BK. Totally amazing.
Reply:Sorry Marv.. Didnt mean for that to blow up like it did. Considering how other words are exchanged even on this board Im surprised one would get offended at any words. Ive been in this world for 40 years and there isnt a word in the world that offends me anymore. Ive been called all of them.
Reply:You obviously haven't driven the new GTO. She's all that!
Reply:
And pray tell me how is that different from:
FORD=First On Race Day
??????????????
Especially from a MOD?
Your Pontiac quote is based on a racial epithet…if you did`nt know I apologize. If you did it is uncalled for on this board ….so I would think.
It offends me….but hey it is a public message board so I let it be known…and I will stop with that.
FOR YOUR INFORMATION
My Pontiac quote is based on what I have heard all my life in the business.
If you construe this as a racial epithet from me you are very much mistaken.
I MEANT AND TYPED exactly JUST THAT AND NOTHING MORE.
Like I said if you DID`NT know it was based on a racial epithet I apologized.
Now that I told you how it can offend some people…thats that.
Reply:
And pray tell me how is that different from:
FORD=First On Race Day
??????????????
Especially from a MOD?
Your Pontiac quote is based on a racial epithet…if you did`nt know I apologize. If you did it is uncalled for on this board ….so I would think.
It offends me….but hey it is a public message board so I let it be known…and I will stop with that.
FOR YOUR INFORMATION
My Pontiac quote is based on what I have heard all my life in the business.
If you construe this as a racial epithet from me you are very much mistaken.
I MEANT AND TYPED exactly JUST THAT AND NOTHING MORE.
Reply:
And pray tell me how is that different from:
FORD=First On Race Day
??????????????
Especially from a MOD?
Your Pontiac quote is based on a racial epithet…if you did`nt know I apologize. If you did it is uncalled for on this board ….so I would think.
It offends me….but hey it is a public message board so I let it be known…and I will stop with that.
Reply:
And pray tell me how is that different from:
FORD=First On Race Day
??????????????
Especially from a MOD?
Reply:
OMG!!!!! how dare you!!!!!
Reply:
Careful I think this website is better than that
Especially from the MOD!!
Reply:a mercedes is nothing but a german taxi cab … overrated and expensive
Reply:
You might want to invest that kind of money in a much better car that holds it's reptuation AND its value!
Reply:34K for a Pontiac?? No way. I just bought an Acura for less than that, brand new.
Reply:
He couldn't get a 400hp mercedes for that price. I suspect that's why he would want the GTO.
Reply:You can get a Mercedes benz 2004 (hold much value & prestige) for less than that. You can negotiate off stick price.
Reply:
that aint what the original saying was lol
Reply:PONTIAC= Poor Old Nut Thinks It's A Cadillac
Reply:34K for a pontiac? Is that out the door or pre-tax and fees? Have you seen what else you can get for 34K?
for both of our last two cars we put more than 10K down. Even with low scores with 10K down you better really hold out for a low apr.
Reply:A deposit made when the car is ordered counts as part of the down payment. When they talk about the amount down it includes the $5000.
Of course you make their job easier the more you put down. But even with bad credit if you put down half the price of the car you should get a prime type APR (thus payments are more than proportionally lower). It would be worth it if you have the money.
Reply:Dude,
If you think 10k is kewl, then go to neighboring dealership and see what they come up with. If 10k is all you want to give, then don't move from that number. Doesnt sound like you sign any paperwork so your not obligated to anybody.
But what you should care is what the rate if you put that 10k down. Like earlier post have said, cash is king! The more you give the lower your monthly (and interest) would be.
Hygh
Reply:This is why people cringe at car salesman. You give them an inch and they take a foot. I am convinced that if you walk into a car dealer and ASK THEM what is the MINIMUM down payment you need to get financed, you are never going to get your answer. All youre going to get is "well..can you come up with this much more", Totally bypassing the initial question. If they're telling me that I could get financed with 15K down, why wouldnt I be able to get financed with 10K down? Either that, or they just done know what they're talking about. I made thr mistake of telling them that I could afford 10k down, so they probably figure if I could afford 10K,whats another 5K right? I'm about ready to just stick to the used market already.
Reply:The GTO is built by Holden…the Australian Unit of GM in Australia. Its considered an import for all intents and purposes. Its shipped on a boat. Do you think 10K down is suffient for 34K?
Reply:The more money you use as a down payment will lower the amount financed hence lowering your payment.
The old saying "Cash is KING" is very true in the auto biz.
Don't much care what credit is like, enough of a downpayment I'd venture to say with the right combination of F&I MGR and lender, could probably result in a 0% APR loan.
hmmmmmmmmmmm…….waiting 6 months for a Pontiac don't sound right to me though.
YMMV