2006-09-06 09:31:40 · 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 05:39:41 · answer #1 · answered by Loquat 3 · 0⤊ 0⤋
The only way you are going to do that is if you roll the loan into a student loan consolidation. Not very likely though. By the time you begin paying on the car the car has depreciated significantly. Especially the type of car a student can afford. Either set your sites lower ion a more reasonable car and get what you want when you graduate or take the bus!
2006-09-06 09:42:57 · answer #2 · answered by Max B 3 · 0⤊ 0⤋
I am a finance manager for Nissan. With that said, why in the world would you want to wait 2 years to pay on something that has depreciated to about half of what you originally financed? This makes absolutely no sense at all. Mitsubishi about ruined itself when it ran the "don't pay for a year" program because people that did that and wanted to trade a year later were 10 grand flipped! Do NOt do this to yourself. Get a beater, and drive it until it dies, then get another beater and do the same thing until you're out of school and can afford something where you can get a loan. Plus, you won't get a car loan unless you have enough income to support it. I would guess that 90% of full-time college students don't work enought to meet the requirements.
2006-09-06 12:40:21 · answer #3 · answered by C C 1 · 0⤊ 0⤋
In the UK there are a lot of loan companies that will loan you money for the specific amount of time but I cannot believe anyone of these would allow you a payment break of two years.
You can have your car in finance but the catch is since you are a student, they would normally require you to prove you can pay for the loan, eg. your parents co-sign the agreement, you have part-time employement etc.
Also be careful when agreeing to a loan as the interest rates can be sky high.
One more useful tip, why not wait until you finish your studies. In London, you can receive 30% discount on your travel as long as your university is part of the scheme. Ask your administration for information. Once you get your degree, you can find a suitable job and get your dream car!
2006-09-06 09:40:43 · answer #4 · answered by Jeno 2 · 0⤊ 0⤋
you should use a student personal loan, it is low interest and diferred, to purchase a motorcar. you may also purchase a motorcar (in case your credit is sturdy), and prepay the funds for 2 years with a student personal loan. social gathering, you get a student personal loan for $2400, then you definately purchase a motorcar for say, $ten thousand. it truly is about $210/month for 5 years. Then pay the $2400 in route of the funds. maximum banks will take the funds early, placing your new 2d fee date out 365 days. verify with the monetary employer first and if all else fails BOM (monetary employer of mom). :) sturdy success.
2016-11-25 00:59:59 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Ask a bank, but no bank will wait 1-2 years to receive payment.
2006-09-06 09:35:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I don't believe so unless you buy a car in another country and leave with it, the bank won't come after the car in another country.
2006-09-09 22:46:28 · answer #7 · answered by nbr660 6 · 0⤊ 0⤋