I want to get a used car?
You HAVE TO find a decent car under $5000 because that's all the money you have to spend. Change your expectations and keep looking. There are plenty of good cars out there in your $5000 price range. A car with higher mileage should not be a show stopper as long as it is in good mechanical condition. Keep looking.
I want to buy a used car but I'm only 19? Can I get a car loan?
I make around 200 dollars a week right now with 2 different jobs and I am in college, going twice a week. I bought my first car last year for around 4000 but it is turning out to be too expensive to keep up with, it needs new brakes, tires, and some other things. I want to but a used nicer car for 20,000 or less, maybe a camaro, Infiniti g35 or g37, or a mustang. My dream is to have a nicer car I LOVE cars and I work so hard so I want to get myself a good car. My parents may help pitch in a bit. I don't have credit history though, I only have a debit card and all the things I pay for (gas, clothes, etc,) don't require credit. My question is, what would be the best thing to do? Btw it doesn't have to be now, I'm hoping to have one by 5 years at max. I have about 3000 dollars in the bank right now. What are my options?
Can you get a loan for a used car under $3000?
Alfred thank you for being a jerk. I didn't 'allude to being a lending risk'. I always budget for lower then I can afford so I don't end up in over my head. My job is great and pays well but I can only work limited hours during during the semester. If I approached a lender I would be able to prove financial security. I'm also cheap which is why I don't want a car above $3000. I figured I'd be able to pay it off within a few months, but have the security of a low monthly payment in case an emergency should arise.
I want to buy a used car but I only have enough cash for half of it. Can I pay for half of the car and get a car loan to pay for the other half?
Yes, absolutely. Cars depreciate so fast that you should borrow the least amount you can get away with, nothing if possible. The last car I bought was paid 100% with cash, no loan. So, it's impossible for me to be “upside - down” with that car, which is when you owe more on the loan, than what the car is worth. My other car I did a similar thing. When I bought that one, I traded in a car and added $2000 of my own money, and only borrowed $5000.Now, the down side of this is that you generally won't qualify for long term low interest “new car” loans, you'll usually be offered a signature loan, which will be shorter term and slightly higher interest. But again, that's good. It means you'll be paying less overall for the use of that money, and if you get a quality car you might be able to pay off the loan before the car loses much value, leaving you free and clear with trade in value for your next car.Good way to go if you can get it. Talk to credit unions about this, they love small loans.
Credit score of 737? I want to buy a used car?
Credit unions tend to have the best interest rates around. Google a local one and you will see on their website their rates. Why are you carrying credit card balances? It is 100% myth that carrying balances is good for credit. Once you get this card, pay this card in full. Not the minimum, not more than the minimum, but in full. You never pay interest and get amazing credit 57% of Americans pay in full each month. Statistically they have the best scores. Be one of them. ---- Careful, lose your job and you will have a credit card and a car payment to pay. Hope you have emergency savings in place.
I need $1300 for a car loan?
Any local used car place that does not check credit? We have a lot here. Get something for just $2-3k to use. No point in buying something 2016 or crap. All that interest will kill you. Get a beater car or something at a place that does not check credit. Places may advertise that on their signs as you drive by them or you have to call. Good luck.
How do I go about getting a used car loan?
Before you apply for a used car loan, take in consideration the following points:How Much Can You Afford:If you're constricting your budget, you may want to spend even less. Used cars will need a little extra attention from time to time for changing the old tires, maintenance and other ownership costs such as fuel and insurance. So if you're looking to save money, consider more than one brand. We suggest making a list of three cars that meet your needs and fall within your budget which will help you in applying for used car loan.Check the Vehicle history report:Plan to get a vehicle history report unless you're buying it from a close friend or family member who can guarantee for its history. This is an essential early step. If the car you're looking at has a bad history report, the sooner you know the better.Contact the Seller:Once you find a good prospective car, call the seller and verify the information about the You can ask private-party sellers why they're parting with a car, or whether it has any mechanical problems. A phone call is the best way to ensure the car is still in stock if you're buying from a dealership. Sometimes the seller will mention something that wasn't in the ad that might change your decision to buy the car.Have the Car Inspected:Test-driving a used car is the best way to know if this is the right car make and model for you. If you like the car, consider having it inspected by a mechanic before you buy it.A private-party seller will probably allow you to do this without much resistance. Most dealerships will let you borrow a car to take to be inspected by an outside mechanic.Negotiate a Good Deal & Get the Paperwork Done:If you are reasonable and have a plan, chances are you can make a deal pretty quickly and easily. Make a deal where you and the seller arrive at a price that sounds good to you and is near the average price paid,If you are at a dealership, you'll sign the contract in the finance and insurance office. There, you will likely be offered additional items, such as a warranty, anti-theft devices, prepaid service plans or fabric protection.If you are buying a car from an individual owner, make sure the seller properly transfers the title and registration to you. It's important to close the deal correctly to avoid after-sale difficulties.