ok im 18 years old and im planning to move out within this week. I saw a car for about 2000 dollars. i have only 300 in the bank. i need a loan but i dunno how to do this. I need the best loan for 2000 and lowest APR for 4months.
2007-10-02 09:28:24 · 4 answers · asked by Alex S 1 in Cars & Transportation ➔ Buying & Selling
dude, if you have a job most loan officers will work with you,extend your loan so your payments are affordable, you can go up to 5 years if you want and for a loan of 2000 dollars you'll probably need about 200 down more or less.
2007-10-02 10:41:51 · answer #1 · answered by ? 2 · 0⤊ 1⤋
Reality sux. You didn't plan this move very well if all you have is $300 cash. Save more money and then buy a car. Take the bus or train or taxi to work until you can afford to buy a car.
Nobody is going to loan you money for a car for only 4 months. That's not how it works. The shortest loan you can get for a car is 2 years. You can pay it off early but they won't write a short term loan.
2007-10-02 10:16:57 · answer #2 · answered by mccoyblues 7 · 1⤊ 0⤋
Loan companies do not give out car loans for $2000. Most will not do less than about $7500. If you can pay off the loan in 4 months, you can save up the money in 4 months. Unless your parents will loan you the money, that's your only choice.
2007-10-02 12:12:26 · answer #3 · answered by Vegas Matt 7 · 0⤊ 0⤋
get a second job and do not worry about the loan.
$300 in the bank and a car you will not leverage that type of loan. work save and then you can contorl the deal
2007-10-02 09:31:28 · answer #4 · answered by Michael M 7 · 3⤊ 0⤋