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Old 08-12-2010, 11:21 AM   #5
CaniacFan


 
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Drives: '10 SS CGM #75,288, '14 Stingray
Join Date: Aug 2009
Location: Wake Forest, NC
Posts: 3,938
Ya, in agreement with a Civic (less expensive, better MPG) or Accord - yet highly dependable. Lower insurance if it's 8-10 yrs old.

I've never had a hugh down payment on any vehicle I've financed (I'm 51), , have 4 kids, a house, two motorcycles as well as credit card debt - etc. and my credit score is over 700. While in the perfect world, paying cash is nice but it doesn't help your credit score cause you're not making payments (on time, etc) - nor will you pay interest if you pay cash - but 90% of people finance any major purchase. Lot of factors go into a credit score. Get copies from all three companies about 6-12 months before your purchase cause if there is something wrong it takes forever to get it corrected.

Good luck on getting a DD as well as saving for your new Camaro. Lori
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