I have a 2000 3.8 Camaro with 102k miles, I owe $3700 on it. Its worth approx $5000 trade in and 6k retail in my area. I have $6000 cash on me. I want an LS1 more than anything. My credit is pretty poor, what is the best method to obtaining an Ls1 camaro? Should I just do an engine swap? I have a family friend who offered to do the swap with me over a course of a weekend. I really dont know what to do :(.
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Dilemma
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Re: Dilemma
swap would be the hardest,but the cheapest and im not really sure its a weekend project.
but i have seen ls1s any where from 9k-13k in pretty good conditon.
My buddy got a slightly modded 99 ss with 68kmiles for 11k
Abbott long tubes,homemade true duals,slp ram air,whisper lid,eibach springs,kyb shocks,BMR subframe connectors, BMR LCA reloc brackets,BMR LCAs. T-top/manual converted
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Re: Dilemma
Even with poor credit, a 5k dollar trade in and 6k dollar down payment for a nice LS1 car is definatley do-able.
Pretty much the way they see it:
Hi, i have poor credit, can i have this car no down payment? = No.
Hi, i have poor credit, i really want this car and to show you that im not going to just default on it right away, heres my 5k dollar trade in, and a nice 6k dollar down payment = Congrats on the new car Injected413
11k dollars off you'd only be financing 5k dollars-ish.
Yes, you may get a higher interest rate for not having good credit, but this would also be your best bet to improve your credit, so the next time you want a car your not in the same dilemma.
I think that would be overall the best idea, doing a swap is expensive, time consuming and you still have a v6 car with a v8 swap the numbers dont match and it will probably give you alot of trouble / h3ll and more problems then you want.
And in the end you have an ls1 and you can look back at your v6 days.*Matt
Old people shouldnt use the internet.
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