I only make $750 month.Is there a way to get a ~$5k long term car loan with high interest most req.
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CREDIT UNION, CREDIT UNION, say it with me, CREDIT UNION. I was making roughly what you're making when I financed $6k for only $185 per month with a 6% interest rate for 36 months!! (With NO Co-signer!) at age 19.
Join a credit union, and you can get something financed. They have lower interest rates, and will provide more slack than any bank or other financial institution. Or you can wait to establish more credit, blah blah blah. Never settle for high interest rates. The only other thing if you're looking for high interest rates, and just someone to get you a car, check out some local, "Buy Here, Pay Here" lots. With a minimum down payment, and probably 21-27% interest rates, you'll more than likely ride.
I highly recommend finding a credit union though.
I only make $750 month.Is there a way to get a ~$5k long term car loan with high interest most req. $1500 a moCan you get a parent or other relative to co-sign for you?
I only make $750 month.Is there a way to get a ~$5k long term car loan with high interest most req. $1500 a moYou might try leasing a car rather than buying one.
I only make $750 month.Is there a way to get a ~$5k long term car loan with high interest most req. $1500 a moI would highly suggest not doing this. Debt is a very bad thing, especially where you're saying that you'll be paying twice what you make. In the end it would be better to just buy a cheaper car or hold off until you can acctually afford it if you go on a long term loan you're going to be paying so much more than you would have to if you just save some money for awhile.
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