Advice on taking out a loan for a car
 

I am a little hazy on how this works, but this is what I would like to do. Get a loan from somewhere for about 5 to 8k to buy a vehicle from a private party and not have interist that will entirely rape me. For the loan I would have a co-signer with pefrect credit. I know someone on this thread has done this and is experienced so lean me towards the right direction I am looking for a 2 year loan or somewhere in that range. Know anyone that will loan the money to me with a set interist then let me know. Reason why I mentioned set interist is I have a friend who didnt and his payments went from 100 to 210 a month due to a huge spike on the interist. It would scare me if I took a 5k loan and ended up spending 10k or more on it. thanks in advance

Re: Advice on taking out a loan for a car
 

Credit Unions.

Re: Advice on taking out a loan for a car
 

I took a loan out for a car through my insurance company. In that loan deal the interest was fixed so that it wouldnt go up or down. I would talk with your insurance company and see what they have to offer. If not then I agree with Merf with the credit union. I wouldnt get your hopes up to try and pay off a 5k loan in 2 years they would push you to prolly 3 years.

Re: Advice on taking out a loan for a car
 

who do you bank with?

that would be one of the first places i would look.

Re: Advice on taking out a loan for a car
 

If you're eligible, check out Navy Federal or Usaa. If not, Wachovia and Bank of America have pretty good rates too. I'm sure there are more but those are the only ones I'm really familiar with. Whoever you go with, just make sure it says fixed interest rate or ask them if it is.

Re: Advice on taking out a loan for a car
 

USAA ftw.

Re: Advice on taking out a loan for a car
 

They are pissing me off. I keep calling and I've left messages with my adjuster, but she won't call me back. I need to settle my car so I can buy something else.

Re: Advice on taking out a loan for a car
 

I actually had a few problems with them when I totaled my car. They were trying to give me a couple thousand below the fair market value of my car.

Re: Advice on taking out a loan for a car
 

Hell I just want them to call me back so I can buy me a WRX.

Re: Advice on taking out a loan for a car
 

Interest.