How Did you bought you're Koup? Financing or Cash?
Hi guys! I am new here and i just want to ask you guys a couple of questions. I am 22 years old and im from Toronto Ontario. I just want to ask how did you guys bought you're koup. By cash or financing? I am planning to finance it. I will buy my forte koup SX next year. around Winter 2010.
first step i did:
1).I applied for a credit card today and will probably get it next week ($500 Credit limit only). I did this because the sales lady from Kia scarboro said to me that it would be a more great chance for me to be approved from the bank if i have a credit. (Of course i must have a good credit rating to be approved).
2). The Sales lady from Kia also said that i should have a G2 licence so i could be insured as a driver for my car. Which is i will be going to a driving school this January 2010 to start and have a cheaper insurance.
3). As of now i am only working part time (but 8 hours a day) for 3months. Which i am planning to save money and put a good downpayment on it. like 15k and finance it for 3years.
The MAIN POINT i did this thread is to ask you guys how have you been qualified for financing? Even though i still have no full time job by next year can i still be qualified and As long as i have a good credit rating i could be approved by the bank? and How big does your'e bank's interest rate is? i saw the site from Kia.Ca their banks have 2.90% interest rate (3years) which is a good deal. I am planning to apply for a car loan at Canada trust. any idea how much interest will they charge you?
any Suggestions or tips would help me guys! I will read you're posts to this thread. thanks!
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