New car loans are easy to get than used car loans.
In reply to yupididit:
Not always unfortunately, 1-2yo with very low mileage with a good sized depreciation hit already off them seems to be a great option. Even with 1% more interest my $14k 5k mile Abarth will be cheaper than long term than if had I bought a new base model Abarth for $22k w/incentives.
JThw8 wrote: oh and if you can get a loan I have a sweet 2012 Abarth I'll sell you for cheap ;)
While the abarth would be nice, we're taking a slightly more practical route. Found a '14 versa stick languishing on a lot with low miles for under 10k. She can likely get a loan without a trade or a down payment if we do it right. We're going to look at it tomorrow. Probably get a deal on it because no one wants manuals in tourist country. And i think you were right about surrendering the car back to the bhph. We're probably just going to do that after we get the new loan. I know her dti can take it. I made way less than she does and i was carrying a cooper s and my ms3....
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