with a kid on the way, chances are you wont be able to make that payment. i would have taken $7k, financed another 3-5K to build credit and may very small payments or paid it off rather quickly like within 12 months.building mine up right now, just purchase a new 06 silverado to help me. put 7000$ down on it and financed the other 15000$. it sucks though when you take out a loan with no credit because your interest rate is ridiculous. mine is 14%. but i will be refinancing with my bank come january and get it down to 6.5%. then my payments will only be around 250-270 a month. right now they are 375$ a month. but im overpaying. so far my payments havent been under 425$ a month.
hopin to get a great score. its tough to get anywhere when your credit sucks
He don't even have that truck anymore. I think he traded it or sold it and got into a Grand Prix IIRC.with a kid on the way, chances are you wont be able to make that payment. i would have taken $7k, financed another 3-5K to build credit and may very small payments or paid it off rather quickly like within 12 months.
BTW $22k on a 2006, is it an SS?