Judgment day, part 1

"interstate366, now In The Industry" (interstate366) 07/15/2018 at 17:02 • Filed to: None

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I took the TSX to CarMax to get it appraised. It did better than expected. It was close enough to what I owe on it that the payoff will balance out what I plan to put onto the TL as a down payment.

I had them run in-house financing on it (even though I plan to finance it through my credit union) and the results were, um, hilarious. 15% interest. I could swing it if I really, really had to, but nooope. So I’ll head to my credit union this week and see what they say. If somehow it falls through, I’ll just take the money and run, and drive the Prelude for a month or two until I can get a down payment on another TL.

Bonus outgoing (to another CarMax)  RS for your time.

WilliamsSW > interstate366, now In The Industry 07/15/2018 at 17:25

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15% is insane.  Keep the TSX unless you can get it well under half that.

interstate366, now In The Industry > WilliamsSW 07/15/2018 at 17:27

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I can. The only reason my credit union would reject me is if they think the debt percentage vs. initial car value is too high. The TSX is going to be gone either way.

WilliamsSW > interstate366, now In The Industry 07/15/2018 at 17:31

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Credit unions are a good source for loans- worst case, maybe it’s just a matter of scraping up a little more $$ to get that ratio where it needs to be.

interstate366, now In The Industry > WilliamsSW 07/15/2018 at 17:33

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Yep, that’s where the TSX is financed. Under 5%. Months ahead on payments. They’ve been good to me. I hope that will continue. It’s just a matter of time, I suppose.

WilliamsSW > interstate366, now In The Industry 07/15/2018 at 17:35

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I’m sure they will - but interest rates have risen a bit in the last year or so in general, so you might get a higher rate just due to that.  Good luck!

interstate366, now In The Industry > WilliamsSW 07/15/2018 at 17:38

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Thanks. I am fine with a higher rate, just not 10% higher.

HondoyotaE38: A Japanese and German Collab...wait a minute > interstate366, now In The Industry 07/15/2018 at 17:44

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“15% interest”

Rip two sheds 2018

interstate366, now In The Industry > HondoyotaE38: A Japanese and German Collab...wait a minute 07/15/2018 at 18:04

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Hard pass, obviously.

HondoyotaE38: A Japanese and German Collab...wait a minute > interstate366, now In The Industry 07/15/2018 at 18:06

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I know, but I could just imagine your face. Or at least the face you were making on the inside.

interstate366, now In The Industry > HondoyotaE38: A Japanese and German Collab...wait a minute 07/15/2018 at 18:14

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HondoyotaE38: A Japanese and German Collab...wait a minute > interstate366, now In The Industry 07/15/2018 at 20:11

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Heh. That's the one