i have another report to do. this time, i have a scenario. i have 1500 dollars to put towards an 05 honda accord, and i make about 1200 a month. obviously, i need a loan or something. i need to know: how does car financing work? i need to know how you go about getting a pay-by-month deal thing for a car, and how it works.
2006-12-22 11:31:51 · 2 answers · asked by doomsweek101 2 in Cars & Transportation ➔ Buying & Selling
usually you go to a car dealer tell them what you are looking for and what you have to pay down on the car and they will find financing for you depending upon your credit situtation. Usually when you are trying to buy used instead of new you will not be able to get as much financed as you could if you bought new but you should remember also that when you drive a new car off the lot you lost money the moment it is driven off the lot cause then it becomes a used car and not worth as much as you paid for it
2006-12-22 12:24:15 · answer #1 · answered by billc4u 7 · 0⤊ 0⤋
Car financing is a little tricky and can significantly affect the overall cost of buying a car. The following article explains how it works:
http://www.leaseguide.com/Articles/finance.htm
2006-12-23 02:32:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋