How to buy a car with a loan? I know the basics but…?
I want to know if I would actually get approved for financing.
I start my job (out of college) in June. I have the offer that I accepted back in October for $59,000 per year. I am looking to get a car that is somewhere in the price range of $10,000-$15,000. I will have roughly $80,000-$60,000 in student loan debt but I have a credit score of around 750.
Would I get approved for a loan before I start my job or have to wait until after my first paycheck? Would I get approved at all?
What is the lowest amount I can/should put as a down payment?
Should I go to a bank and get a personal loan or just get one through the used car dealer?
Sorry for all the questions! Thanks!!
If you are a first time buyer you’re gonna need at least $3000 to $4000 for down payment. Tell them that you are employed and hope they don’t ask you to show them a paycheck. Otherwise you’re not gonna get a loan. You should better go to the dealer and get a loan through him.
If you are a first time buyer you’re gonna need at least $3000 to $4000 for down payment. Tell them that you are employed and hope they don’t ask you to show them a paycheck. Otherwise you’re not gonna get a loan. You should better go to the dealer and get a loan through him.
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