Need advice on affording a tahoe !

[StevenFromTexas]

From my understanding I should, get my dad or mom (both have perfect credit) to cosign and then I should get an auto loan?

No, no, and hell no! Co-signing is a disaster just waiting to happen.

 

[MACHO]

X2 what Bellis and Soulsea said.

Gas and insurance will be two additional car payment amounts on these lovely trucks, esp with insurance costs as a young man driving a 4x4.

I couldn't fathom having two cars at 17. I was lucky to barely afford one. So I'd say that just being in a position to contemplate this decision at your age is pretty cool.

 

[07Burb]

1. NEVER finance when a cosingor is required unless you're married to that person
2. I'd personally never want a bill for two car notes
3. You'll enjoy it more if you can just write a check for it

 

[Gzes]

How about buying somerhing more affordable like an obs tahoe or an nbs? Wont break as much as the nnbs and look sexy i wouldnt trade my 2dr for a nnbs mine has new motor n trans and works like new

 

[domin8]

As it has been said already, it's not with the debt. Don't do it until you can afford it.

Btw, the relationship between your monthly payment and loan principle doesn't seen right. I could write your an amortization schedule in MSExcel and you could use Goal Seek to figure out a realistic monthly payment or loan principle.

 

[yates ™]

No, no, and hell no! Co-signing is a disaster just waiting to happen.

1. NEVER finance when a cosingor is required unless you're married to that person
2. I'd personally never want a bill for two car notes
3. You'll enjoy it more if you can just write a check for it

I have to respectfully disagree with both of and agree a little bit.

A parent cosigning for a child is great way to help the child build credit BUUUUUUT the parent should discuss the payment, maintenance, insurance, etc. with the child as to see if they can afford it. My parents cosigned a few car loans with me in my younger years with no disasters and the result was I have perfect credit as do they. It is all about teaching responsibility which usually comes from your upbringing. I completely agree that at 17 having two car notes would be foolish and yes writing a check for an automobile would be ideal but most people can not do that.

 

[felixgun]

^^^X2. My parents did the same and it helped me build credit at a young age. But I'd definitely stick with one car. Two cars at 17 is kind of absurd unless you are a super baller

 

[NathanJax]

Two cars at 17 is kind of absurd unless you are a super baller

like Felix

 

[felixgun]

^^^lol I was far from ballin' at 17... I had my 01 Tahoe then and I was more then happy with that one vehicle!!

Honestly OP, sell the charger and buy the Tahoe... you'll be happy with it

 

[BP RETIRED]

^^^lol I was far from ballin' at 17... I had my 01 Tahoe then and I was more then happy with that one vehicle!!

Honestly OP, sell the charger and buy the Tahoe... you'll be happy with it

Like everyone said...sell the charger and get a Tahoe. Mine is retired from the Border Patrol. It is a 08 LS 4x4. I added a number of goodies to it. (I made a seperate build post on it). I would not hesitate to buy another from the guy I bought it from. I had talked with him about a year in advance and let him know what I wanted. Right now he has a number of 07's and some 2wd 08's. My good friend just bought a 08 4x4 from him. He took a bus down to the dealership and drove the Tahoe back.
Not sure where your at but if your in the Chicago area here is his web address... www.chicagomotors.com.
He does has some nearby competition and that address is www.asiamotorsinc.com. Right now they have a black 08 4x4 with carpet flooring and third row with 87k for 18995. However I have seen Asia motors around 2 to 3k higher then chicagomotors for the same type of Tahoe.