i just got my license, and i will be going to buy my car soon. someone told me u could get denied for financing a car. IS THAT TRUE?
2006-11-21 07:11:16 · 12 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
No one can ever get denied, even peopel with bad credit. You just end up paying a whole LOT more than other people.
2006-11-21 07:12:51 · answer #1 · answered by Jon C 6 · 0⤊ 2⤋
i'm getting the place you're coming from, my fiance and that i additionally are having a protracted engagement ( to end college ) individually, as a girl, i does not care what ring I have been given...the which capacity at the back of the hoop is greater significant... i might get her the 1ct. With small hands, that could seem superb (plus, no longer be too "cumbersome" for her to artwork with). i do no longer recognize Zales regulations that nicely, yet is it possible you additionally could make your man or woman ring? then you definately could be on top of problems with what diamond you like... in case you may no longer, then i might get te 2000 one...do no longer pass into debt up on your eyeballs just to get a ring....you may constantly improve after marriage. With the 1200 you're saving, you may placed that right into a CD or mutual fund and shop up for a down charge on a house (for the reason that's a protracted engagement) stable success to you the two :) Congrats!!
2016-10-04 05:24:03 · answer #2 · answered by oberlander 4 · 0⤊ 0⤋
Different lenders have certain guidelines. One thing that I will tell you is that you better have a full time job and earn a minimum of 15,000 per year. You also need to be 18 years old to sign a contract. Usually you need to get a family member to cosign the loan with you to help establish credit for yourself.
2006-11-21 10:33:51 · answer #3 · answered by typhon1991 3 · 0⤊ 0⤋
It will most likely be the case becuase first car buyers don't usually have a credit history.
However, if you are able to put down a large percentage of the money it is possible to get the loan.
2006-11-21 07:14:01 · answer #4 · answered by m_c_m_a_n 4 · 1⤊ 0⤋
Of course it is true. It's not your money, you cannot make someone give it to you. You are asking for someone else's money when you apply for financing. Basically, you are telling the bank "Hey, buy this car for me, I'll pay you back." If the bank doesn't think that's a good prospect for them, you are not getting their cash to buy your car.
2006-11-21 07:13:43 · answer #5 · answered by DJL2 3 · 1⤊ 0⤋
yes, you can be denied! it all depends on a mix of factors, like your income, if you have a credit card, bank account etc. Not all companies will refuse you credit but the ones who do will charge a fortune in interest. Good luck!
2006-11-21 07:21:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you can get denied for anything if you have no established credit. If its your first car and you have no credit, you will need a co-signor to help you or alot of money down
2006-11-21 07:37:49 · answer #7 · answered by scottb03gt 4 · 0⤊ 0⤋
I haven't heard that. you may need a co-signer if you don't have any credit or bad credit. I have my mom co-signed for me when I brought my Ist car after I got my license.
2006-11-21 07:16:54 · answer #8 · answered by lilkj2282 1 · 0⤊ 0⤋
Yes because your credit history and income situation may not be suitable for credit.
If you are employed full time and have good credit, it shouldn't be an issue.
Have a co-signer ready just in case.
2006-11-21 07:13:53 · answer #9 · answered by Shockey Monkey 5 · 1⤊ 0⤋
It all depends on your credit history. If you have good credit then you will likely get a loan. If you have no credit they can turn you down but you can get a co-signer.
2006-11-21 07:14:30 · answer #10 · answered by puggas 3 · 1⤊ 0⤋