Will the bank loan me $15,000 for a car and if so how much will i end up paying the bank back?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
i want to buy a vehicle from a private seller but i need 15k and i want to know if the bank would loan me the money and if so around how much will i end up paying the bank back
Will the bank loan me $15,000 for a car and if so how much will i end up paying the bank back?If you have the credit, you can apply for a used car loan. Depending on your credit and income, the bank may loan you the money.
How much you'll end up paying the bank back will depend on the interest rate you get and the length of the terms (ie 36 months, 48 months, 60 months)
Most auto loans are calculated using simple interest.
Many financial calculators can be found on the web site to determine your payments and final cost.
Here's one on yahoo:
http://autos.yahoo.com/finance/loan-calc...
Will the bank loan me $15,000 for a car and if so how much will i end up paying the bank back?the bank will loan on a vehicle based on their guidelines. They may not loan you the full 15 thousand, unless the car is worth it, and the banks guidelines allow lending that much on that year vehicle with the miles, etc. How much you end up paying the bank depends on year of the car, interest rate and term of the loan. No way to tell with the information that is missing here.
Will the bank loan me $15,000 for a car and if so how much will i end up paying the bank back?I just bought a car with a loan of $5k.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.