http://raiseyourcreditnow.com/question-about-taking-out-a-car-loan-from-banks/ Wed, 17 Aug 2011 05:23:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://raiseyourcreditnow.com/question-about-taking-out-a-car-loan-from-banks/comment-page-1/#comment-100 David M Sun, 15 Mar 2009 12:43:31 +0000 http://raiseyourcreditnow.com/question-about-taking-out-a-car-loan-from-banks/#comment-100 Let's see. You want to buy a $6,000 car and buy $2,000 worth of performance parts for it and take out an $8,000 loan. Which means you're willing to put exactly $0 down. Have you been watching the news at all lately? Are you aware of the credit crunch? $0 down loans have disappeared. They are gone. You need to save up some money for a down payment before anybody wil give you a loan. Good luck. Let’s see. You want to buy a $6,000 car and buy $2,000 worth of performance parts for it and take out an $8,000 loan. Which means you’re willing to put exactly $0 down. Have you been watching the news at all lately? Are you aware of the credit crunch? $0 down loans have disappeared. They are gone. You need to save up some money for a down payment before anybody wil give you a loan. Good luck.

]]> http://raiseyourcreditnow.com/question-about-taking-out-a-car-loan-from-banks/comment-page-1/#comment-99 ~Laura and Scott Fri, 13 Mar 2009 16:07:51 +0000 http://raiseyourcreditnow.com/question-about-taking-out-a-car-loan-from-banks/#comment-99 Your dad my have to buy the car for you, if you have no credit at all, a co-signer may not work. All you can do is go to a bank and apply. As for the performance parts, pay cash for those as you go. You are trying to be cool way to fast. Worry about getting a real job, your dad is not doing you any favors by paying you under the table. As you can see now, cash under the table means no prof of income, not good! What are you going to do when it is time to rent an apartment? How will you ever buy a house? Performance parts should be the last thing on your mind right now. It took me 20 years to get to the point where I could afford to customize my ride and afford it. I have over $10,000 in parts added to my Wrangler, all paid for and I sleep good. Your dad my have to buy the car for you, if you have no credit at all, a co-signer may not work. All you can do is go to a bank and apply. As for the performance parts, pay cash for those as you go. You are trying to be cool way to fast. Worry about getting a real job, your dad is not doing you any favors by paying you under the table. As you can see now, cash under the table means no prof of income, not good! What are you going to do when it is time to rent an apartment? How will you ever buy a house? Performance parts should be the last thing on your mind right now.
It took me 20 years to get to the point where I could afford to customize my ride and afford it. I have over $10,000 in parts added to my Wrangler, all paid for and I sleep good.

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