Just had got a big run around from my dealer. They had told me i should be able to get my box with 1 thousand down, but know they are asking for 2100. How much did you people have to put down. Now remember that I dont have bad credit I just dont have any credit. Any suggestions on what I should do?

 

Forgot to say this is a stock and standard xb

 

You are not required to put any money down....does it help your monthly payments? yes.....they are still required to run it through.......I would also suggest you contact your bank to see if you can get a loan through them too.....also maybe your parents will co-sign for you also?

 

yeah go in with your own loan. try www.peoplefirst.com i did and got a killer rate.

 

I would of got my parents to co sign but they have worse credit than I do. I know going through my bank will help but Ive only been working with Toyota for A lil over a month and only been with my bank for 2 weeks. I know that affects the loan situation right?

 

oh yeah.... your jakt! having a new car is cool and all but work on your credit rating first or they are just going to SPANK you on the rate. thats why they want so big of a down.

 

If they're giving you the run around I'd definately get my loan somewhere else. I got 3.7% at Bank of the West.

 

I was also thinking about waiting a while and then trying to find a used one. Thing is im worried that i will not be able to find a used one or even worse a standard one

 

i put $6000 down on my scion

 

I put zero down and just got home from the dealer with it! :D

 

I put down $5500 on my standard with no options xB :D

 

Dont have that kind of money. Did all of you do it without a co signer

 

Yea, I didn't have to have anyone consign. They wanted someone to cosign, because I was 19, but my credit score was high enough to not warrant one. I put $5000 down.

 

if you have no credit, then i doubt you will get away with nothing down. you will need a co-signer also. dealers can require you to put something down since they are the ones loaning the money.

 

Thanks for all your help i would of loved to get a Xb with all of yall but im going to have to go with the xa for now. They said i could take one off the lot with just thousand something down. Plan to take it so...
1. Itll help my credit.
2.Ill stop having to bum rides off my friend for work
3.And im going to try to trade it in for a box later(if i find a standard one)

Thanks again for all your help :?

 

Didn't need a co-signer with a 710 credit score :D

 

Trading it in would be a stupid idea - you'r just going to loose more money later than the difference you'd have to pay now for an xB. Say you buy a base aB for around 12.5k (don't know the exact price) - you're going to get somewhere between 7-9k for it as a trade in even one year from now, due to depreciation. Then when you buy the xB, you'll be paying that price plus whatever you owe on the loan for the xA - which means you're going to start paying out of the butt for such a dumb decision.

This is the position most new car buyers often put themselves in. They wat a new car now, and then down the road they want another new car, compounding their debt.

 

put down 8k with no cosign, payments are 180/month

 

i took home the xb today with no money down

well except for the deposit

 

rbloedow so you think trading it in is a stupid idea so i might as well buy a box after im done paying off the xa and keeping it.