ok look this is prob a very stupid question but please if you dont like it or anything please just dont post rude replys that all i ask you can tell me to delte it and i will just dont be rude its just a question...ok im looking for a rx7 before i graduate high school ....now here is the Question is there anyone out there that will sell there rx7 for montly payments please read this and just think about it im just a kid with a dream and trying to make it come true so if you can help me all comments are welcome if you have any advice or antyhing please post just please dont be rude thanks everyone have a good day-Jordan

 

Next time post it in the right section.

 

I will gladly sell you one for monthly payments, and once it is paid off you can gladly come pick it up.

I get this question 5 times a day on our website. Take a step back and look at what you are asking. If you cant get approved for a loan or you dont have the cash this car isnt for you. Not being rude, just being honest.

I assume while you are making payments if the engine blows you would like the owner to take that off the overall price or cover it for you also??

Once again, not being rude. Just take a step back and look at what you are really asking someone else to risk for your own satisfaction.

 

oh i see what your saying

 

Nobody in their right mind is going to rent to own their RX7 to you. You need to bring cash or a bank loan to the table. Do some digging through this forum and you'll find that it is NOT cheap to own and maintain an FD and it is certainly not for the mechanically inept.

 

ok and i know about cars man im going to collage fot it

 

djseven is right.

When you sell anything on a contract, is essence you are lending the buyer money. It doesn't matter if you are selling a business, real estate, or a car. With a business, there is a risk of the business failing before the seller gets paid. Real Estate is normally safer, but as you can see from the current mortgage crisis, even that isn't 100% safe. If I sold a house for $500k on a contract with 10% down in Dade Co. Florida last year, and the seller defaults, the house would only be worth $400k now. I've lost $50k.

A car is even more risky. The seller has no control over what happens to the car. It could be wrecked, poorly maintained, stolen, etc... If the buyer defaults the seller gets the car back, but if the buyer put 10k miles on it in the mean time, it isn't worth what it was when it was sold.

Most folks realize that when they borrow money to buy a new car, they often owe more on the car than the car is worth at some point in the life of the loan.

Borrowing money to buy a car is almost always a bad idea (outside of the occasional factory 0% financing). Cars too quickly lose value. I'm old so I'll pass on old fart advice. Never borrow to buy anything but real estate, a business, or a college education. Don't borrow using credit cards. Don't borrow to buy a car. Don't borrow to go on a vacation, buy a stereo, rebuild an engine, or plan a wedding. If you always pay cash, you will be much happier in the long run.