2006-09-06 09:31:26 · 7 answers · asked by shukov5 1 in Cars & Transportation ➔ Commuting
No...not even remotely possible. I've seen banks give 3 month deferments...but what you're asking for is crazy.
You're trying to buy a car...this is not like the student loans that you probably have. There's no deferment in the real world...when you establish debt you start paying it back within 30-45 days in the auto industry.
2006-09-09 05:40:30 · answer #1 · answered by Loquat 3 · 0⤊ 0⤋
You can use a student loan, which is low interest and diferred, to buy a vehicle. You can also buy a vehicle (if your credit is good), and prepay the payments for two years with a student loan.
Example, you get a student loan for $2400, then you purchase a vehicle for say, $10000. That's about $210/month for 5 years. Then pay the $2400 toward the payments. Most banks will take the payments early, setting your new second payment date out 12 months.
Check with the bank first and if all else fails BOM (bank of mom).
:)
Good luck.
2006-09-06 10:14:25 · answer #2 · answered by patweb01 3 · 0⤊ 0⤋
There is no such thing as a deferred car loan. The only chance you have of getting something similar is if you had excellent credit and you were able to captialize on one of those special new car deals where they advertise "no payments for 12 months" or something like that. You usually find a deal like that through the lower class foreign car dealerships like Hyundai, dahatsu, Scion, or Isuzu.
2006-09-06 09:39:28 · answer #3 · answered by Joe K 6 · 0⤊ 0⤋
If you are unable to pay a car loan for a year or two, you should not be buying a car. Depending where you live, they are always buses, light rail, carpooling. Maybe you should consider living on campus so you don't have to commute. Don't add debt until you are able to pay for it...you will just dig yourself deeper into a hole. Good luck with your schooling!!
2006-09-06 09:35:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the surely way you'll try it is in case you roll the non-public loan right into a student personal loan consolidation. no longer very in all probability in spite of the reality that. with the help of the time you initiate paying on the vehicle the vehicle has depreciated heavily. highly the type of vehicle a student may have sufficient money. both set your internet sites decrease ion a more desirable sensible vehicle and get what you want once you graduate or take the bus!
2016-11-25 00:59:55 · answer #5 · answered by ? 4 · 0⤊ 0⤋
borrow from your parents
2006-09-06 09:33:10 · answer #6 · answered by JUNONNKI 3 · 0⤊ 0⤋
maybe some other user knows...
2006-09-06 09:36:28 · answer #7 · answered by askance 4 · 0⤊ 0⤋