Welcome to the North American Subaru Impreza Owners Club Thursday July 10, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC Miscellaneous > Off-Topic

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 04-25-2008, 04:22 PM   #1
pjloyd
Scooby Newbie
 
Member#: 160216
Join Date: Sep 2007
Location: CA/NY
Vehicle:
1998 Impreza L
Red

Default What do I need to do so I won't need a cosigner?

I make around a grand a month. I live with my parents. I'm 21. For you who already made it, don't ask. ^__^
* Registered users of the site do not see these ads.
pjloyd is offline   Reply With Quote
Old 04-25-2008, 04:24 PM   #2
umscooby
Scooby Specialist
 
Member#: 50902
Join Date: Dec 2003
Chapter/Region: RMIC
Location: The Mountains
Vehicle:
05 STi
White

Default

Put the electric bill in your name, obtain and use a credit card and pay it off every month, etc. Build some credit mang!
umscooby is offline   Reply With Quote
Old 04-25-2008, 04:26 PM   #3
RobE
Scooby Specialist
 
Member#: 114550
Join Date: May 2006
Chapter/Region: NESIC
Default

its gonna take awhile.


theres a lot of good info on this site www.myfico.com
RobE is offline   Reply With Quote
Old 04-25-2008, 04:27 PM   #4
rxer311
Scooby Specialist
 
Member#: 107099
Join Date: Feb 2006
Chapter/Region: Tri-State
Location: Lancaster, PA
Vehicle:
'07 STI
Satin White Pearl

Default

Good credit!
rxer311 is offline   Reply With Quote
Old 04-25-2008, 04:33 PM   #5
smurfwrx
Scooby Guru
 
Member#: 151928
Join Date: Jun 2007
Chapter/Region: South East
Location: Columbia, SC
Vehicle:
09 Triumph S3

Default

Quote:
Originally Posted by umscooby View Post
Put the electric bill in your name, obtain and use a credit card and pay it off every month, etc. Build some credit mang!

what he said.
smurfwrx is offline   Reply With Quote
Old 04-25-2008, 04:34 PM   #6
subarulz!
Scooby Specialist
 
Member#: 99061
Join Date: Oct 2005
Chapter/Region: NWIC
Location: Beaverton Or.
Vehicle:
06 wrx wagon
CGM

Default

What kind of car are you looking at? I would not put my self in that kind of debt with a $1000 a month income. Especially the way things are with the economy these day's. I would wait a little longer. Cosigner or not you are still screwed if you get your hours cut or even get layed off.
subarulz! is offline   Reply With Quote
Old 04-25-2008, 04:37 PM   #7
rkramer
Scooby Guru
 
Member#: 118209
Join Date: Jun 2006
Chapter/Region: MWSOC
Location: North Dakota
Vehicle:
2002 WRX Sedan

Default

most electric bills don't report credit so they won't help you much. They only report if you DON'T pay...

Get an account at a credit union and use that for awhile, they will often give you a car loan then if you are a good customer.

short answer is thought that it isn't a quick process. Take subarulz! advice though, you might be taking home $1000 a month, which is about 1/3 to 1/4 of what normally it would take to afford a new RS.
rkramer is offline   Reply With Quote
Old 04-25-2008, 04:40 PM   #8
pjloyd
Scooby Newbie
 
Member#: 160216
Join Date: Sep 2007
Location: CA/NY
Vehicle:
1998 Impreza L
Red

Default

i'm looking to get an 07 impreza. there are 4 brand new ones left for 17 grand. i have 5k for down payment. they're asking me for a cosigner still. it wouldn't be hard for me to find a cosigner but i was just thinking maybe it's easy to get myself a good credit. i guess not!~
pjloyd is offline   Reply With Quote
Old 04-25-2008, 04:42 PM   #9
pjloyd
Scooby Newbie
 
Member#: 160216
Join Date: Sep 2007
Location: CA/NY
Vehicle:
1998 Impreza L
Red

Default

i guess i'll build my credit and then by a used car if i'm still in love with the 07 impreza , say five months from now!~
pjloyd is offline   Reply With Quote
Old 04-25-2008, 05:51 PM   #10
wrxguy02
Scooby Specialist
 
Member#: 174672
Join Date: Mar 2008
Chapter/Region: South East
Location: Greensboro, NC
Vehicle:
02 AW WRX
02wrxX2,06sti,94wgn,04sti

Default

a good down payment... thats what i did... and expect high interest rates... but wait 6 months and your credit will be great, then get it financed at a lower apr
wrxguy02 is offline   Reply With Quote
Old 04-25-2008, 06:05 PM   #11
Roy Dietsch
Scooby Newbie
 
Member#: 88479
Join Date: Jun 2005
Location: Milwaukee
Vehicle:
91 Mazda Miata
blue yellow

Default

Just pay for what every you need in cash...no cosigner needed!
Roy Dietsch is offline   Reply With Quote
Old 04-25-2008, 06:07 PM   #12
RobE
Scooby Specialist
 
Member#: 114550
Join Date: May 2006
Chapter/Region: NESIC
Default

Quote:
Originally Posted by Roy Dietsch View Post
Just pay for what every you need in cash...no cosigner needed!
but then you will never build your credit score and will have to pay for everything in cash.

how the **** are you going to pay for a house in cash?
RobE is offline   Reply With Quote
Old 04-25-2008, 06:07 PM   #13
Julian
Scooby Specialist
 
Member#: 1182
Join Date: Mar 2000
Location: Ventura, CA
Vehicle:
MY00 RS
BRP

Default

Quote:
Originally Posted by pjloyd View Post
i guess i'll build my credit and then by a used car if i'm still in love with the 07 impreza , say five months from now!~
You bring home $250 a week, and you want to add a new car payment, plus insurance, maintenance, and gas?
Julian is offline   Reply With Quote
Old 04-25-2008, 06:10 PM   #14
Roy Dietsch
Scooby Newbie
 
Member#: 88479
Join Date: Jun 2005
Location: Milwaukee
Vehicle:
91 Mazda Miata
blue yellow

Default

Quote:
Originally Posted by RobE View Post

how the **** are you going to pay for a house in cash?
I am sure you could do a wire or bank transfer...
Roy Dietsch is offline   Reply With Quote
Old 04-25-2008, 06:11 PM   #15
pityr
Scooby Specialist
 
Member#: 31719
Join Date: Jan 2003
Chapter/Region: NWIC
Location: Portland
Default

Quote:
Originally Posted by rkramer View Post
most electric bills don't report credit so they won't help you much. They only report if you DON'T pay...

Get an account at a credit union and use that for awhile, they will often give you a car loan then if you are a good customer.

short answer is thought that it isn't a quick process. Take subarulz! advice though, you might be taking home $1000 a month, which is about 1/3 to 1/4 of what normally it would take to afford a new RS.
Whats that? 1/3 to 1/4? maybe 1/2 if he had his own place.

bah, he could afford it just fine. Just hope his rents to kick him out. Then he won't be able to afford even basic housing.
pityr is offline   Reply With Quote
Old 04-25-2008, 06:13 PM   #16
Handsdown
Scooby Guru
 
Member#: 29355
Join Date: Nov 2002
Chapter/Region: NWIC
Location: seattle
Vehicle:
2003 GD6 Hate chall
but i'mma maintain

Default

i take in about the same and i can't afford to live with my girlfriend. we are thinking of moving to a less expensive area and in all likelyhood will do it before the year's out, even if it means crashing at my parents house for a while.


a grand a month is nothing.
Handsdown is offline   Reply With Quote
Old 04-25-2008, 06:17 PM   #17
setzkell
Scooby Newbie
 
Member#: 157986
Join Date: Aug 2007
Chapter/Region: Tri-State
Default

Solution: Buy a $5000 car.
setzkell is offline   Reply With Quote
Old 04-25-2008, 06:21 PM   #18
fliz
Scooby Guru
 
Member#: 30342
Join Date: Nov 2002
Location: #blp
Default

Quote:
Originally Posted by setzkell View Post
Solution: Buy a $5000 car.
winn4r!

There's no way you'll be able to afford the payment and full coverage on a 17K car (especially w/ no credit).
fliz is online now   Reply With Quote
Old 04-25-2008, 06:30 PM   #19
Howl
Scooby Specialist
 
Member#: 57830
Join Date: Mar 2004
Location: Ontario CA
Vehicle:
1999 OBS

Default

Try not to get off on a tangent.
Howl is offline   Reply With Quote
Old 04-25-2008, 07:04 PM   #20
Qcanfixit
Scooby Specialist
 
Member#: 135762
Join Date: Dec 2006
Chapter/Region: Tri-State
Location: alternate reality
Vehicle:
2059 Venturi Skimobi
transparent aluminium

Default

lie and say you may 85k a year running a private business.
Qcanfixit is offline   Reply With Quote
Old 04-25-2008, 07:04 PM   #21
subaru3169
Scooby Guru
 
Member#: 55252
Join Date: Feb 2004
Chapter/Region: SCIC
Location: i know, i regret it too
Vehicle:
* pullup bar *

Default

op, get a couple ccs and spend a LITTLE.. just so credit agencies can see that you are able to pay your stuff and can build some credit.. it's not gonna help you right away, but it'll help in the long run
subaru3169 is offline   Reply With Quote
Old 04-25-2008, 07:08 PM   #22
imprezton
Scooby Specialist
 
Member#: 22958
Join Date: Aug 2002
Chapter/Region: SWIC
Location: Las Vegas
Vehicle:
2011 Land Rover LR2
Gray

Default

Money, brother, money.
imprezton is offline   Reply With Quote
Old 04-25-2008, 07:11 PM   #23
Roy Dietsch
Scooby Newbie
 
Member#: 88479
Join Date: Jun 2005
Location: Milwaukee
Vehicle:
91 Mazda Miata
blue yellow

Default

I had a 680 by the time I was 19 just by using my $500 limit Capital One card... 21% FTMFW!!!
Roy Dietsch is offline   Reply With Quote
Old 04-25-2008, 07:41 PM   #24
subySerb
Scooby Specialist
 
Member#: 155411
Join Date: Jul 2007
Chapter/Region: MWSOC
Vehicle:
07 Impreza
Blue

Default

get your parents to cosign. your payment will probably be ~$250 so you can afford the car while you live with your parents. then apply for a credit card and build your credit so that you can get a loan on your next car.
subySerb is offline   Reply With Quote
Old 04-25-2008, 07:46 PM   #25
darksc00by
Scooby Specialist
 
Member#: 102140
Join Date: Dec 2005
Chapter/Region: South East
Location: UF.
Vehicle:
2009 Giant Defy 3
Orange and Bleu

Default

car payments, but doesn't live on own. 21? you fail.
darksc00by is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Iím flying to Orlando. What do I need to do in the airport and what to bring home? KingGalantVr4 Off-Topic 37 01-14-2010 11:49 PM
What do you need to do to have constant voltage to fuel pump? csugden Electrical & Lighting 2 10-31-2009 10:39 AM
So, what exactly do I need to do a clutch install? Jard Mid Atlantic Impreza Club -- MAIC 25 10-24-2006 01:00 AM
I want to do my own 30,000 mile service, what do I need to do? Drav Service & Maintenance 12 06-20-2005 06:43 AM
('93-'01) what do i need to do to try and get an autocross/Solo2 here...HELP! SuBaRu-ImPrEzA_RS Impreza Forum 2 06-03-2001 10:11 PM


All times are GMT -4. The time now is 12:59 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.