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Well my credit is 461 score, and I got approved for a used 2001 Honda Civic from a buy here-pay here type place, well to get my payments at a good price, the guy needs $1,400 down. He said he needs a check for $300 at first so he can deposit it within 24 hours. He said he can give me 2-4 weeks to produce the other $1,200. He said it's through telecheck so if it bounces he will get his money and they will take it up with me.































I've never heard of this before.. any advice?

 
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most places want the whole down payment but seeing that this is a buy here pay here they have the choice if he is an up and up kinda guy this is good for you as far as the telecheck goes if you have bad checks out there telecheck will reject it before he even gets a chance to deposit it and telecheck does not pay anyone at all if the check bounced you could face charges for it so on and so forth like i said all telecheck does is checks to see if you written bad chcks

 
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He sounds like a scam er to me.... telecheck dose not not pay anyone if a check bounces. I would look elsewhere for a loan try barnone on the internet. www.barnone.com

 
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NO! NO! NO! NO!































Don't ever buy from a "buy here pay here" car lot.































I'll explain why -- but I need to know how much they want you to pay each week, after the down payment.































It's worth, what, $5,000 at most, right?

 
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Let me tell you what one of those guys told me once while I was fixing his motorcycle. A repo man brought a car in that he had got. And the owner told me how much money he made off that one car. I remember it was a Pontiac Grand Prix one of the big ones. He had sold the same car already 25 times. For a $300 down and $ 100 per week. He always got the down and a couple of payments then they could not pay. SO he repoed the car and did it all over again. The car might have been worth $300 on a good day to a blind man. He had to spend a little to patch it up. But the rest went in his pocket so buying a car at one of those places will only make you poorer and the car lot richer.

 
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yahh and if you cant produce the 1200 dollars too bad for you and that adds up to 1500 ..hmm sounds like he is settin you up for a sucker deal