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Old 12-21-2012, 10:55 AM   #15
B16-Integra's Avatar
Join Date: Oct 2009
Location: Tucson
Posts: 1,098
iTrader: (7)
Banks and Credit Unions are going to look at this:
Length of employment
Debt to Income Ratio
Credit Score

I work in finance and I can tell you it doesn't matter if its a 2006 Civic Sedan or a 2002 S2000, their lending patterns are going to be the same for either car. Depending on the lender, if the car is older (lets say 10 years or older) financing it may be "higher risk" meaning a slightly higher interest rate (which you will be most likely paying because of the limited credit history). Also, your insurance is going to jump with a newer car (especially the S2000) as well with the payment.

Just some food for thought.
ES Tuned

- 1994 Integra RS
- 1995 Integra LS
- 1973 Datsun 240z (Ls1 + Cam + Boost)

2004 OZ Lancer (Sold)
1992 Mugen Si (Wrecked, thanks drunk driver)
2006 Lancer Evolution MR SE (Sold)
2006 Cobalt SS (Gone)
1994 Civic Si (Sold)
1993 Silvia (Sold)
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