How long do you have to be employed to get a car loan?
I was going to buy an older car for about 5k cash, but everything I have looked at are junk. In the ads they are represented falsely by the sellers and almost always no maintenance has been done, such as timing belt. You meet some sketchy people and the last person I met with was certifiable. For peace of mind and safety I'm contemplating getting a new car. I like the 2015 honda fit and that's what I would get.
Every bank is different. And it also depends on the amount of the loan. So could be 6 months or a year or maybe even 2 years(for a bigger loan).
Assuming you want to take about 8k i believe it should he around 6 months
Most places want to see 3 years tax returns. The bigger down payment you make, the easier it is to get a loan.
You can buy PLENTY of good cars for 5000.00. You need to keep looking and don't finance anything. I think you are expecting too much for your 5000.00.
Depends on other factors like your age, credit score, years of credit & so forth.
$5000 down will usually get you a loan. The terms would be very bad. Not just interest rate, but they jack up the car price too.
I bought a $1900 car 8 years ago and I still drive it to this day.
So you can find a good car for $5k. You just need to ask the right questions before you go see them.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
- What happens if you don't get approved for a car loan after your purchase? I have bought a car two weeks ago and at the time we applied for 20k $ car loan, we deposited 8k and I was planning to deposit another 4k next week. Now we have received the letter( third party) that we're not approved for the car loan. Does that mean I have to return the car? If so why the Honda company (where we bought the car) didn't tell us anything before we receive the letter? What options do I have?
- Is there any bank that i can get a motorcycle loan even though i have bad credit? Hi, i have bad credit (i'm 19 and i'm working on my credit) and i'm looking for a motorcycle to save miles and gas for my car and i just got declined on my credit unions and i'm hoping to see if there are lenders with decent rates for bad credit. I make 30k a year and i would love to get a honda shadow and yes, i'm licensed for motorcycle. And is motorcycle lender a legit site?
- How long does it take for loan max to repossess your car after your loan due date in Ohio? I took out an $800 title loan on my 2000 Honda Oddyssey (188,000 miles) and I can't make the initial repayment amount of $288 on time. How long will it be before they send someone out to repossess my car? I live in Ohio and I'm really afraid they will repossess it before I can come up with the cash.