I would like to know if there is a auto loan that I can pay back after 3-4years because I want to pay it back when i graduate. I can't pay back right away because I'm a student and I don't work a lot.
So i want to get a loan and buy a car now and pay back when i graduate.
what's a good loan company for this kind of loan
2007-02-10 19:36:18 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You can ask this question a million times, and the answer will always be the same.
That answer is NO.
Try a family member who is willing to lend you the money and that is a different story. You can pay THEM back after 3 years.
If you have parents who own a home, you can also get an "Equity Line" loan against the house for the amount of the vehicle and there is no time limit for paying back. You can choose to make payments for 10 years if you wanted to, and your monthly payments would be so low that you could afford it.
Good luck
2007-02-10 20:06:33 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
Here you can compare different options
RE Is there any auto loan that I can pay back couple years later? and not right away?
I would like to know if there is a auto loan that I can pay back after 3-4years because I want to pay it back when i graduate. I can't pay back right away because I'm a student and I don't work a lot.
So i want to get a loan and buy a car now and pay back when i graduate.
what's a good loan company for this kind of loan
2014-09-13 20:29:22 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Your best bet would be to take out a student loan. You can apply with FASFA and there is also a number of lenders who will loan you money (your parents will probably have to cosign) above what you are allowed to borrow under FASFA. Banks will not give auto loans and defer the payments for several years because of the rate at which autos depreciate. Good luck!
2007-02-10 19:42:18 · answer #3 · answered by Anonymous · 1⤊ 0⤋
actually the answer isnt always no. there have been several manufacturers that will postpone the first payment. most go no longer than 1 year out though. but as a dealer i would NEVER suggest this. imagine this. your buying a depreciating asset. if it was worth $20000 the year you bought it, a year later its worth $15000. but if your loan was for $20000 and you dont pay on it. 1 year later you owe $20000 on a $15000 car. even if you want to trade it you probably cant, and if you wreck it you've got even bigger problems. so dont buy a car until your ready to pay for it is the best answer.
2007-02-11 04:57:38 · answer #4 · answered by ridgwayaz 2 · 0⤊ 0⤋
Here you can get the best rates on your area: http://www.LOANSVAULT.NET
RE:Is there any auto loan that I can pay back couple years later? and not right away?
2014-07-25 03:56:38 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Try https://tr.im/1WQIN
2016-07-19 14:01:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2014-05-29 20:56:01 · answer #7 · answered by Anonymous · 1⤊ 0⤋