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Author
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Topic: Auto loans questions..
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J24I
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Member # 2598
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posted
 
 
I've got a few regarding auto loans.I'm looking to finance a $20,000 used car. Also This would be coming from a private seller.
1.)Would having credit card for only 2 years affect this? My credit is good
2.)Will approval depend upon the year, or type of car?
3.)Roughly how much yearly income would I need to qualify for $20,000+ ?
4.)What banks would you guys recommend for private party loans? ![[patriot]](graemlins/patriot.gif)
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*'87 Coupe
'89 Coupe-SOLD
Posts: 2131 | From: Bay Area(925) | Registered: Mar 2003
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91Trunkster
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Member # 6598
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posted
mileage will need to be under 70k i think
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(510)375-1589
Posts: 1648 | Registered: Mar 2006
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Daniel50
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Member # 5629
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what is important is your CREDIT HISTORY. they dont care about your score as much as they do amount of money you borrowed before. if this is your first big purchase then you will most likely be denied. try a credit union since like american general or patelco. big banks are very hard to get loans from.
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89 2.3- Sold
91 5.0- 12.7@110 sold
94 5.0- 13.0@105 sold
97 Cobra: Sold
95 5.0- sold
95 5.0-bone stock
Posts: 1017 | From: Discovery Bay, CA | Registered: Apr 2005
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J24I
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Member # 2598
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posted
Thanks for the info guys
I remember a while back someone posted a similar subject about a credit/loan forum, anyone remember the website?
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*'87 Coupe
'89 Coupe-SOLD
Posts: 2131 | From: Bay Area(925) | Registered: Mar 2003
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SmokinLX
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Member # 1684
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posted
quote:
Originally posted by Daniel50:
what is important is your CREDIT HISTORY. they dont care about your score as much as they do amount of money you borrowed before. if this is your first big purchase then you will most likely be denied. try a credit union since like american general or patelco. big banks are very hard to get loans from.
Yeah a credit union would be a good place to start, I got into a credit union through My wifes step father who work's for PG&E and now they send Me stuff for 50,000 dollar loan's for whatever I would want to use the money for. Just make sure You can cover the payment's and that insurance on the vehicle is included in what You want to pay per month.
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Dont claim power if ya cant mile per hour. 10 second AOD
Posts: 4388 | From: East Bay | Registered: Aug 2002
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