Financial Information
How to finance improvements in the car?
I was thinking of a new car …. But then I see the price tag. How can I change the funding to repair my car now? My car is a BMW 318i, 1994, and that it is $ 3,000 for improvements in order. It is the current market value. Can I finance the car for a lot of improvements / repairs to be done?
Merci.Réponse
Scott H You better finance your improvements on a credit card. I doubt that any lender you can borrow up to $ 3,000 compared with a BMW 17th
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#2 written by Top Source 11 months ago
Look at newer used cars rather than new, which IMO are a bad deal anyway bc buyer pays $ thousands in new car depreciation that would not be paid on a 2 or 3 yr old car.
I dont know if a 94 be worth the expenditure of $ 3k.
Also, depends on the improvements needed.
Head gasket…can be a tricky job [will it be done right, or creat more probs?] and bout $ 1000.
Not worth it imo, unless you have a mechanic you can really trust.
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Dont buy anything w/o reading Consumer Reports, CR. http://www.consumerreports.org/cro/index.htm A non-profit testing organization. Free site for basic info. Also @ libraries & bookstores.
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Honda ranks #1 in Consumer Reports for 2011. Subaru, Toyota, Volvo & Ford follow in order.
BMW and Mercedes were down-rated for reliability, with Mercedes in 10th place.
GM & Chrysler were 12th & 13th.
Vehicles were rated for performance, reliability, fuel efficiency and other factors.
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http://online.wsj.com/article/SB10001424052748704615504576172500918475430.html?mod=WSJ_article_MoreIn_AutoIndustryNews Wall St Journal.
———————-http://www.forbes.com/2011/04/13/mercedes-gm-chrysler-nissan-business-autos-worst-cars.html Forbes’ “Worst Cars On The Road” list
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Cars under financing and leasing are more expensive because it require full coverage insurance. You can estimate insurance rate difference online – carinsurance.yoll.net