Saturday, October 31, 2009

Need a $5000 car loan? help?

Ok i cant barrow from fam.. i do not have any credit..trying to build it now..just got credit card today YAY! and i need a small either 3000 or $5000 dollar loan. with low payments a month. I LIVE IN MESA ARIZONA where do i go?? pleaseeee help me ..LOAN IS FOR AUTO.



Need a $5000 car loan? help?

It not only depends on your credit but also your monthly or annual income. If you produce a document stateing your income then you will be able to convince someone to give you a loan. Often times car dealerships will finance you, but could be a interest rates that will put you in bondage for years. Their shpeal is that you can make the monthly payments, but they don't tell you that by the time you pay off the car it will cost you twice or three times the original sticker price. This is where Math helps us in life. Find out the APR rate (Annual Percentage Rate) then create an equation that will give you a dollar amount for how much interest you pay per year Deduct your payments and it will give you a rough idea of how much you will be spending on your vehicle. So, find a lender that will charge you the least amount of interest. Also, ask the dealer the final cost out the door, otherwise their may be hidden fees for you that you will be unawares about, but they slam dunk the deal because you are so emotionally set on buying the vehicle, be awares...Negotiate the deal and be wise among serpents, while being kosher and cool entitling the best deal...



Anywho, To answer your question: Lenders generally can be found at reputable banks, not fast cash services these should be illegal with the APR rates, but they do it anyways. Reputable Banks.



If you can provide a co-signer to the loan the chances are better that you will receive the loan with someone who has credit. If not provide substantial evidence that you will make your payments timely and wisely...Bank Statements Payroll stubs etc. and build that credit, but be careful...



Need a $5000 car loan? help?

get a better job or ask a close friend or ask the bank!!!one of them are bound to work



Need a $5000 car loan? help?

Find a co signer



Need a $5000 car loan? help?

Honey: If you don't have the money and are too young for credit I highly suggest that you save up some money and buy a scooter or even a cheaper used car which you can surely find by driving around. It doesn't make sense to attempt to buy what you cannot afford since it will only bring you trouble not to mention the high insurance rate. Being debt free and living a practical life are virtues that everyone needs to learn early on.



Cheers!



Mr. M. on %26quot;car loan.%26quot;



Need a $5000 car loan? help?

You're actually excited about going into debt. Sad. Your best idea is to save the money and pay cash. Don't worship at the fico alter.



Need a $5000 car loan? help?

Go to a car lot that will help with financing. Usually, car lots try real real hard to get you approved, and will try everthing they can think of so they can make the sale. You might not need to borrown anything, but you might still be able to use a co-signer. They dont have to pay anything, but it helps when you dont have any credit yet.



Need a $5000 car loan? help?

build your credit a little bit lik 8 months thats wat i did n i got a loan for $20,000 for my first car pretty good, and go to a local credit union they are good with people that have limited history w/no co-signer good luck!!!!!!!!

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