I just got promoted at work, and finished paying off students loans, I have about $7000 saved up, how large of a car loan can I take out? I make $900 after taxes, and I pay $1000 in rent includes hydro, cable, etc.
2007-01-24 04:53:49 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
It is totally dependent upon your CREDIT RATING. Typically a bank will finance anywhere between 80-90% of "loan value" for that particular vehicle.
However, if your credit is excellent they have been known to finance up to 140% of the vehicle's value.
My advice: Get Gap Insurance if you get something where the lien holder gives you such a large loan.
2007-01-24 05:12:47 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
1
2016-09-26 06:41:40 · answer #2 · answered by Carey 3 · 0⤊ 0⤋
i used this site to get quotes for my car loan. worked out well, i got a great deal out of it!
2007-01-24 06:19:49 · answer #3 · answered by bad t 1 · 0⤊ 0⤋