Suzuki Discussions about Suzuki ATVs.

How does credit work?

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Old May 14, 2004 | 10:58 PM
  #1  
QuaderZ's Avatar
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Default How does credit work?

If I was late on a few payments for awhile but now everything is all caught up and has been for a little while can a person still get approved for a loan for a wheeler?

Thanks
 
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Old May 14, 2004 | 11:10 PM
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Ball's Avatar
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Default How does credit work?

In this day, you will likely not have any problem getting financing for a quad. How bad they stick it to you on the APR may be a different story.
 
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Old May 14, 2004 | 11:17 PM
  #3  
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Default How does credit work?

Thanx for the reply dude. What does apr stand for and what does it mean?
 
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Old May 14, 2004 | 11:20 PM
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Default How does credit work?

APR is Annual Percentage Rate. What it means is if Suzuki says they are having 3.9% financing, when they pull your credit history (depending on how bad it is) they may charge you 20% or more, meaning you pay a lot more in the long run than you should for a toy that you don't need. It doesn't hurt to try though. Just don't get in over your head with more debt and payments that could lead to more trouble in the future.
 
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Old May 14, 2004 | 11:30 PM
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Default How does credit work?

thanx man. I'll try. Since gas is $1.00 a litre here in canada i've decide to park the v8 mustang becasue she goes through quite a bit of gas. Insurance is also alot cheaper on a wheeler then my car... $232.00 a year versus $6800.00 a year!
 
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Old May 15, 2004 | 01:53 PM
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Default How does credit work?

are you saying that you want to replace you car with a quad?
 
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Old May 15, 2004 | 09:46 PM
  #7  
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Default How does credit work?

No... I'm going to park it for awhile
 
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Old May 16, 2004 | 09:27 PM
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Default How does credit work?

i got my z400 at 40$ a month at 3.9 % fixed for 2 yrs then its go up to like 18% so at the end of the 2yrs iam going to pay it off
 
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