2006-11-17 04:47:59 · 5 answers · asked by Anna R 1 in Business & Finance ➔ Credit
From my expierince, I just have gone to the car lots, and when I decide what car I want, just talk to their financer....they usually do the work....I went home, and the next day I got a phone call back from them, stating that I had been approved, for a 12000 loan...all I had was 500 dollars down too. If I remember right it had either 6 or 7 percent interest on it too. Three year loan! Just giving ya what I got!
~~ If the dealership comes up with a really bad loan offer...as in...too much interest or yadda yadda.....id go to your bank personally....they may be able to give you something better, especially if you are in good standings with them,......just my two cents!
2006-11-17 04:52:04 · answer #1 · answered by BryGuy 2 · 0⤊ 0⤋
I would just go to the car dealership, pick out the car you want, and then talk to their financer. What happens at big dealerships is they enter your info into the system, and banks compete for you loan. You are most likely to end up with the best interest rate this way. Also, if you don't have good credit, they can do what is called a sub-prime loan. You will pay a heck of a lot more interest with this type of loan, but if you make all of your payments on time it can seriously repair your credit.
2006-11-17 15:59:01 · answer #2 · answered by katy c 1 · 0⤊ 0⤋
Talk to your bank about getting a car loan. Sometimes Credit Card companies like CapitalOne have car loan services for members as well. You are usally going to get a better loan term from the bank than from the dealership.
2006-11-17 12:59:25 · answer #3 · answered by Big Cheese 2 · 0⤊ 0⤋
Most times if you have a good job and you have been in it awhile you can get a loan with nothing down. Or if you have a co-signer
2006-11-17 12:50:34 · answer #4 · answered by Snuffy Smith 5 · 0⤊ 0⤋
Im not sure with you but NHBS, Inc is where I always get loans assistance from..
http://www.newhorizon.org
2006-11-17 16:04:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋