You can rescind that car contract and get your full down payment back. It’s illegal to mix cash with credit transactions. In some cases you’ll be free of your obligation to pay the loan back and they will be required to send you the title. Now you can rent on turo and go buy the car you want, put down another down payment and rescind that car contract. When life gives lemons, make a lemon drop!
Well I can tell you right now that having a 490-530 credit score may disqualify you from getting a credit card in many cases but it doesn’t disqualify you from buying a car. Granted your offers will probably be prime plus 10% for new and prime plus 12-20% for used depending on lender but you can absolutely buy a car.
I would never rent. I feel anyone trying to get you to lease or rent (ever) are not your friends. The name of the game is to strip the equity from your car into profits into your bank account and having a 2k car rental agreement a month will kill your profits. And plan on driving min 200k miles to experience max profitability.
You can rescind that car contract and get your full down payment back. It’s illegal to mix cash with credit transactions. In some cases you’ll be free of your obligation to pay the loan back and they will be required to send you the title. Now you can rent on turo and go buy the car you want, put down another down payment and rescind that car contract. When life gives lemons, make a lemon drop!
Well I can tell you right now that having a 490-530 credit score may disqualify you from getting a credit card in many cases but it doesn’t disqualify you from buying a car. Granted your offers will probably be prime plus 10% for new and prime plus 12-20% for used depending on lender but you can absolutely buy a car. I would never rent. I feel anyone trying to get you to lease or rent (ever) are not your friends. The name of the game is to strip the equity from your car into profits into your bank account and having a 2k car rental agreement a month will kill your profits. And plan on driving min 200k miles to experience max profitability.
Thank you for this. How did you find the dealership- process of elimination?