Question by Drew N:
how hard is to get a thousand dollar automobile loan?
I just turned 18 and I am wondering how hard would it be to get a thousand dollar automobile loan from the bank. I currently make 1k a month. Before I get answers that tell me to purchase the automobile in cash instead of getting a loan I would rather build my credit up.
Which credit cards would you recommend? And it would be hard to get a loan even from my own bank? I bank with Chase if that makes a difference.


——————————————

Answer by Hank Scorpio
You cannot really get a loan from a bank at your age. Your ideal bet is to get a credit card if you can then pay half in cash half in credit (whatever the maximum on credit card is at the place) and pay off the credit card monthly over the minimum but not paid in full right away.

Answer by n
If you have the cash, borrow against it to pay off the car.

Highly unlikely any lender is going to bother with a $ 1000 loan to an 18 year old otherwise.

And, in my state, you cant even register a automobile if you purchase one.

Answer by kyle Asd
need a automobile loan at the age of 18.don’t worry its superior for you to try for an on the web loan.bcoz lot of banks in on the web lend loans even you have a bad credit.i think that the below website will help you to find right solution.

http://www.praguelimousines.cz/

Before going for a automobile loan go to a bank and get a Secure credit card that will establish credit for a loan.

Also most lending or banks wont give a loan to some one who makes less the 12,500 a year.

1k is great but just not enough with Loan, insurance, Gas prices, maintenance. and other each day expenses.

If you can wait and save up some money and also get a raise that would help!. Ideal of luck!

——————————————
What do you think? Answer below!

Related posts:

  1. HOW TO GET APPROVED FOR A HOUSE LOAN WITH VA GUARANTEE, IMPERFECT BUT IMPROVED CREDIT, ONLY FEW THOUSAND DOWN?
  2. IM BEHIND ON BILLS.I DONT KNOW WHAT TO DO.I HAVE A 3800 DOLLAR STUDENT LOAN AND 2 CREDIT CARDS I CANT PAY OFF.?
  3. CAN I TRANSFER A HOME EQUITY LOAN FROM MY BANK TO A CREDIT CARD OFFERING A LOWER APR. MY BANKS SAYS NO.?