What is Digg?183 Comments
- inactive, on 10/10/2007, -17/+55Stupid article and an even more stupid title. For the SAME car I guarantee I'll pay less with my 780 score than some deadbeat with a 550.
What they MEANT to say is that I'll be approved for a larger loan and be able to buy a more expensive car that yields a higher profit margin. But if we're talking about buying the same exact car I'm going to blow Joe Deadbeat away. - jamesallen74, on 10/10/2007, -4/+36So everyone with bad credit is an idiot? Let's see what happens when "mklopez"s credit gets trashed because of ID fraud or a overspending spouse. Not all people with bad credit are idiots.
- n8r0n, on 10/10/2007, -11/+38Screw using a loan for a car. Save up and pay cash and buy used. Why would I want a loan for something that goes down in value every year?
- taiso, on 10/10/2007, -7/+34"the rest of us end up paying higher rates because of the idiots"
Not all people with bad/low credit are idiots or deadbeats. Stop judging! - nedzeve, on 10/10/2007, -8/+29I have bad credit so I dugg you down.
- ypSami, on 10/10/2007, -5/+24Deadbeats? Heh. You need to walk a mile in the shoes of someone who's been screwed by the system.
- ypSami, on 10/10/2007, -1/+19Amen. My credit was ruined by a crooked apartment complex. My ceiling and walls caved in from poop water from the upstairs tenant, they didn't come to fix it for 3 weeks. We moved out, and they threw us to collections.
Mklopez seems to suggest that he has great credit, but that can't be true considering he just lost all credit with digg users. - djSyndrome, on 10/10/2007, -1/+17I paid $1000 for a heavily used Volvo 240, and then proceeded to run up the clock another 100k miles over four years. Never needed anything besides tires, brakes and oil. Maybe I got lucky, but it can be done.
- n8r0n, on 10/10/2007, -3/+18Who said you had to buy a $15,000 car? A cheap $1000-$2000 car will do just fine while you save for something better.
- crakbot, on 10/10/2007, -1/+15TOTALLY inaccurate. The title should read "With poor credit you can borrow less money than those with good credit". But of course everybody knows that.
- gonzo1773, on 10/10/2007, -2/+14Will everyone please not assume that because ones credit score isnt 720, they are automatically idiots or stupid. Anything can lower your score, but if someone goes through divorce or legal trouble their credit can turn to ***** real quick. I went through something similar and my over 700 rating with to 430 in about 2 months.
These people are getting a deal on a car mostly to help them rebuild credit. Not because they are trying to shaft the good credit folks. - tallguy240, on 10/10/2007, -0/+12This is to the people who are calling everyone with low credit scores idiots. ***** you. You don't know the situations that caused those people(and yes I am one of them) to receive low credit scores. Not every person out there is a deadbeat because they got into trouble keeping up with or paying their bills. While I will admit there are people who are deadbeats it is unfair and untrue that we are all that way. I fought for over 2 years to keep my bills paid after a POS company wouldn't pay back expenses I incurred while working for them then claimed bankruptcy so they wouldn't have to pay me what they owed me. I did what I could. I even had to live on my retirement money. So before you start making smart ass comments about how big your credit score is just remember it can go into the ***** as fast as mine did if you have something unexpected happen. Lets face it you cant be prepared for everything that happens in life. I'm rebuilding my score now but its going to take time but because its low doesn't make me an idiot, deadbeat or a low life. Man some of you guys on here are such dick heads.
- SocialPoison, on 10/10/2007, -4/+16Screwed by the system? Yes... those evil credit card companies. If only someone warned you constantly not to get into debt this wouldn't have happened.
Now... I know some people end up with extenuating circumstances (medical bills especially come to mind), but a majority of the rest are just stupid as hell with their money. Sorry, no sympathy for j00. - SuckMyDigg, on 10/10/2007, -1/+11"So, just like with insurance, the rest of us end up paying higher rates because of the idiots"
Sounds like maybe you're not as smart as you think. - jeffeb3, on 10/10/2007, -0/+7I had a $5k neon for seven years, I drove that thing to the ground. I put over 120k miles on it. Greatest decision I've ever made. I saved on gas, car payments, insurance, everything. Made working through college a lot easier considering I could live for the price of rent + a couple hundred bucks a month.
- nixfu, on 10/10/2007, -0/+7CLUE STICK... If you have a clue then the care dealer will NEVER HAVE A REASON to run a credit check on you because you will either be paying cash/check or already have gotten your financing from somewhere else.
- Dumbledorito, on 10/10/2007, -0/+7For most people, leases are more costly than loans or buying used in the long run.
- Dumbledorito, on 10/10/2007, -0/+7So I wonder who the "idiots" are supposed to be: The people with bad credit who get the car their credit will allow or the car dealer who milks people with more credit? The "money lost" seems to be fictional money the were never going to get. On a bad credit car, the dealer can't charge for more extra equipment and other luxuries. The true idiot, to me, would be the person with lots of credit who gets talked into putting that extra DvD player/coffee warmer package on their Honda.
- VintageMud, on 10/10/2007, -0/+7It is also quite possible that they put a larger amount down to start, paid less for the car, or have a longer term.
- lesmalan, on 10/10/2007, -0/+6This is so much crap, I can't begin to explain. I work for Toyota and know for a concrete fact that people with excellent credit get the red carpet laid out for them and can bargain dealers down to low or no gross profit. Special Finance customers (people with poor credit) however end up paying sticker price because they can't simply go down the street to the next dealer because of their shoddy credit. And generally, they aren't as smart or good with negotiation as people busting out 790s. Even really old people (who generally score well) can hold dealerships to low profits because of their immaculate scores.
- djSyndrome, on 10/10/2007, -0/+6Every time you see an ad for zero percent financing. Duh.
- kismetgeek, on 10/10/2007, -1/+7this is the biggest load of BS i've ever read. i have great credit, get the best prices on cars, and get the best interest rates on the car loan.
banks and dealers make up the risk of bad credit people by charging them much higher interest, which, when taken cumulatively, covers the cost of deadbeats. - lokiworks, on 10/10/2007, -0/+6Is sarcasm new to the internets?
- pintomp3, on 10/10/2007, -1/+7that's the mistake a lot of people make. most people don't know how to buy a good cheap car. they get stuck with clunkers that they have to throw hundreds of dollars a month at to keep running.
- TheNik, on 10/10/2007, -0/+6Seriously. The Digg Elitist group comes out again to slander yet another overgeneralized group of people.
What about medical bills that continue to pile up? There are circumstances where the good people just get screwed over. I'll tell you what they don't need: arrogant, pretentious dicks that look down upon others. Go to hell, all of you. - jeffeb3, on 10/10/2007, -1/+7you can make fun if you want, but I'm laughing all the way to the bank. Financing is f***ing expensive, so are new cars. I don't honestly think I'd get 5 or six times the car out of a new one. It only has to get me someplace and entertain me on the way.
- djSyndrome, on 10/10/2007, -2/+8Don't forget our lovely HMO system and the wallet-crushing bills it leaves its customers with.
- djSyndrome, on 10/10/2007, -0/+6Having worked at an HMO for five years I can safely say that I'd *rather* be a car salesman. HMOs are the most unethical and anti-consumer private industry in America, bar none.
- pintomp3, on 10/10/2007, -1/+7maybe the author means idiots like people who knowingly get cancer and tell the private insurance companies not to cover their medical bills. /s
- parax, on 10/10/2007, -2/+7What a leap of logic. Car dealerships screw people with good credit, but you blame the people with financial difficulty for not raising their credit score, you don't blame the dealer for being an unethical jerk. You call people with bad credit "idiots", because you're part of a generation of sociopaths and narcissists. You only ever think of yourself so you can't possibly empathize with people who don't live on easy street. "Goddam poor people are ruining my life! Why don't they just get more money? If they have medical problems why do they burden society with debt? They should just curl up in the filthy little ball they are and die a proper death."
You don't know what bad credit is like because you still live with your parents. But you ARE pissed at strangers who you perceive as having wronged you by not being financially-well off enough for your liking. On behalf of the relatively poor, I apologize for inconveniencing your life. - asskicker32, on 10/10/2007, -0/+5I KNEW not paying my bills would pay off in the long term!
- fanclerks, on 10/10/2007, -0/+5Yeah, I am one of those people that made some bad decisions in college and killed my credit unfortunately. I finally have gotten myself out of the hole I dug myself into and have just got a new used car. It's nice and will last me a long time. Although I know I'm getting raped by the bank on the interest and everything, I accept that as my payment for improving my credit score for later when I want a house and really need the credit more. I'm still paying less than the max I originally figured I could spend. It's all just figuring out how much I can afford each month anyways.
Oh, and for all those people that want to give me ***** about the bad decisions I made. Let me just say this. When it comes between you starving or having good credit? ***** it, I'll kill my credit and be able to eat. The bad stuff only stays on there for 7 years anyways. - Gavagai80, on 10/10/2007, -0/+5There are tens of millions of us in the country who actually aren't rich, and thus drive cars worth $1000 or less. I'm sure my car isn't as stylish or trendy as your designer scooter, but it gets the job done. People who complain that they're poor because they've bought a $15,000 car are simply idiots who don't have a clue about managing their money.
- rejoined, on 10/10/2007, -0/+5He could have probably meant Identity Theft. Yes, victims of ID Theft not only get screwed by the crook, but often it's an uphill battle with the system in place trying to prove your innocence in the matter.
- lokiworks, on 10/10/2007, -1/+6Is sarcasm new to the internets?
- inactive, on 10/10/2007, -0/+5Of course people with a 780 score are smart enough to only buy things they can afford anyway.
- jason469, on 10/10/2007, -1/+6Calling anyone with a low credit score is simply foolish. Anyone can have a great credit score and that score can drop faster than it took to get it up high.
I've seen people who had great scores, but they lost their jobs and couldn't pay their bills and just being 30 days late on a payment can easily hurt your score, get two of those and now you've killed that score.
The ignorant fools who say that people with low scores are "dumb" just don't get it and have been lucky enough not to have ever been in a situation that forced them to choose A.) Feed their family or B.) Pay that credit card bill.
How dare you for look down on others!?. You disgust me. - inactive, on 10/10/2007, -0/+4Isnt "screwed by the system" just the nice way of saying "to god damn stupid to manage money correctly"?
- xSEED, on 10/10/2007, -0/+4high interest is not a better deal.
- dotlizard, on 10/10/2007, -0/+4buried as utterly innacurate, by a person paying $410/month for 5 years for a used Kia. Had i not been unemployed 2 years and f'd up my credit royally, i could lease a brand new beamer for that.
what a load if idiotic b.s. - monkeyrun, on 10/10/2007, -0/+4the article is not making much sense ....
- inactive, on 10/10/2007, -0/+4They were screwed by the criminal, not the system.
- TroubleInMind, on 10/10/2007, -0/+4I am ashamed to say I sold cars at one time. Here is how you avoid being screwed. Don't buy payments. Buy price.
What I mean by that is
(1) know the real price of the car, you can get it on Edmunds.com or other places.
(2) if paying cash is not realistic, arrange your own financing at your credit union or bank, somewhere they know you. that is just like paying cash to the dealer.
(3) negotiate the selling price of the car in dollars, not in "This much per month". They will ALWAYS try to get you talking in terms of "This much per month". Don't do it. - rarson, on 10/10/2007, -0/+3Leasing isn't paying for a car. If you were paying for it, you'd have it at the end of your lease.
Leasing is paying to USE the car. - rokinroj, on 10/10/2007, -0/+3And you are too if buy into this ridiculous article. mcduckov (above) has it right.
- MeMongo, on 10/10/2007, -0/+3Sense. . .this article makes none
Seriously though, a friend of mine did an experiment where he got his credit score (around 710) and went around car shopping getting a credit check at each place. After 10 different car dealers, his credit was down to almost 600 because it drops based on the number of credit queries. - SocialPoison, on 10/10/2007, -0/+3I didn't know queries bash your score... are you certain that's the reason? Because it's also possible that they used one of three different reports, which can give you a different score because what's "good" by one report is "bad" in another.
Closing old accounts is an example of something that will hurt your score in one test, but help it in another. It's asinine. - EridanMan, on 10/10/2007, -0/+3Wow, and its tools like you who buy into the dealership *****.
Lemon Laws - Know the type, research the car your buying, go on the owners groups. Know what problems to look for, Their prevalence, and let sure you have a trusted mechanic check out those problems specifically. Its a huge financial decision, and your pathetic if you somehow think that any amount of legislation should replace your own "Caveat Emptor" reflex.
Manufacturers Warantees - They Transfer, duh? Dealer warantees aren't worth the paper their printed on, if you _really_ want that piece of mind, you can actually purchase them from thirdparties for a fraction of the Dealer markup, but in most cases a little smart budgeting so that you have a "just in case" fund is all that's needed.
Manufacturer Service Programs - Utter and complete scams. My BMW M3's internal MX computer only suggests Oil Changes, in its high compression, high revving motor, every 12000 miles. Its a service plan schedule written to appease dealers, providing the absolutely minimum amount of maintenance required to see that the vehicle doesn't crap out before the warrantee expires. Good luck with that.
Verified Car History- Are you ***** me? Unless your buying new, you have _NO_ clue where the car came from, or at least, far less than you would by getting to know the previous owner personally (and you do have a full service history... right?). Used cars are traded around lots like cheap whores, they're serviced cosmetically only, and have their paperwork "cleaned up", you trust that?
And you wonder why we need "Lemon Laws" in the first place, its to protect idiots like you who somehow think that an "official certified used" stamp somehow is worth more than the paper its printed on. - spuggy, on 10/10/2007, -1/+4Shhh. Shut up. Unless people like him keep buying new cars and take that ridiculous initial depreciation hit, there wouldn't be reasonably priced used cars for the rest of us.
- hiPpymIck, on 10/10/2007, -5/+8this one seems to fit in as part of this fuller article from earlier
http://digg.com/motorsport/How_To_13_Step_Method_For_Buying_A_Car_While_Controlling_The_Price -
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