Wednesday, May 26, 2010

Should I get a personal loan to get this car?

I am interested in purchasing a 1999 isuzu rodeo that only has 85K miles on it...alot of people have told me that most banks wont finance a car of that year ..and I only want my monthly payments to be between 150-200/mo,which I have been told is damn near impossible for a car payment. The only thing I have seen that would allow me this payment is to get a car thats at least 6-10 years old, or a car that is only a few years old but has really high mileage. I was told I may have to get a personal loan instead of an auto loan to purchase this vehicle. is that true? anyone else been in this situation where they were trying to finance an older vehicle and couldn't? is it a bad idea to finance this vehicle? I only have 200 dollars for a down payment and need a car quickly or else i cant get to work.



Should I get a personal loan to get this car?

First a $200 car payment is NOT impossible. My car was a little over $5000 and my payment is 200. You need to find a dealership that has used cars that around the $6000 or $7000 range and depending on how long you want to pay, you can get a 200 car payment. A personal loan sounds good but I your investing in something that's really not going to help you. Have you checked the gas mileage (it's horrible by the way) and it's parts are going to be a litttle expenisive. How long do you want to pay on the car?



Should I get a personal loan to get this car?

NOOO WAY!!!



My advise is to find one from a private seller.



Should I get a personal loan to get this car?

you can finance a car for practically any amount. anyways, you should check with the finance companies to find the best interest rate. obviously, it would be the most practical to just pay it in full, but if you can't, you can't. my last suggestion is that you consider a car that gets better gas mileage. i don't know how much you spend on gas a month, but it would be wise to buy a slighty newer car and spend less on gas, than an older, less expensive suv that is expensive on gas. with the saved gas, the car payment/gas bill will probably be the same which ever route you take.



good luck



Should I get a personal loan to get this car?

banks finance cars 2000 and up with less than 100,000 miles thats where you get your best rates. Buy Here Pay Here lots will finance anything but Beware they will stick it to you.



Should I get a personal loan to get this car?

I am no gonna say I am one hundred sure about it.Besides it really depends on the personal feelings.



SO it would better for you to find yourself.Here is a good resource.http://loan.online-supporthome.info/cash...

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