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03-08-2010, 09:07 PM | #23 | |
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My favourite colour isn't even available anymore. (Sparkling Graphite) |
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03-08-2010, 09:24 PM | #24 |
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Jerez Black is a great color. Black looks great when clean, and face it, most of us keep our cars exceptionally clean. My wife thinks it's funny how much time I spend on my M. Drive it and enjoy it. As someone posted, all colors drive the same.
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03-08-2010, 09:28 PM | #25 |
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You lost about $6 or $7k as soon as you drove it off the lot. Good luck though.
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03-08-2010, 09:34 PM | #26 |
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The short answer is no. You can't trade a used car for a new car without loosing your ass. Your best bet might be finding someone with an M3 in the color you want and trading them. Good luck finding that deal though.
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03-09-2010, 04:11 AM | #27 | |
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I think that with the current financial climate, that banks would rather you pay the loan off quickly.....or not take one at all. I have never been aware of any penalty in terms of an impact of the credit rating for paying a loan off early. Some loans may have a prepayment penalty, but that usually a known element of the contract. I'd rather let my FICO suffer by not having a number of open lines of credit. At the end of the day, I am more concerned with my personal debt to income ratio and concentrate on having zero debt.
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03-10-2010, 05:23 AM | #28 |
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Since the world wide financial crisis I am not sure the bank would be too hesitant to black list an over efficient payer, since they are concentrating on all the defaulters
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03-10-2010, 07:58 AM | #29 |
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That is 100% correct. It's ok to pay off a loan slightly before it's due but it's not ok to take out a loan and then pay the whole thing off in the 1st few months. It will definitely hurt your credit. The bank sees it like this: Financially responsible people pay their debts and are worthy of high credit scores; financially responsible people would also anticipate any sum of money coming their way that would allow them to payoff a loan within the 1st month and opt to not take the loan. That's why it's a knock on your credit.
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03-10-2010, 07:04 PM | #30 | |
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03-11-2010, 06:50 PM | #31 |
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yeah I wish I had your problem. lol
just paint it. and as for credit , I believe it does not help your credit but probaby doesnt hurt it.. however, if you have it on there for six months or so then I believe it helps.
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03-15-2010, 10:57 AM | #33 |
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03-15-2010, 11:04 AM | #34 |
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My CA told me after 6 months u can pay whatever u want. U avoid some early prepayment penalty fee or something. Not sure about the credit thing tho.
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