getting a loan for a used car (pvt seller)
10-04-2004, 04:45 PM
#11
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Re: getting a loan for a used car (pvt seller)
My first loan was a 3500 Personal loan. 48 months @ 15% or so, i'm paying just under $180 a month. I'll probably have it paid off in a year because its such a tiny loan.
10-04-2004, 05:04 PM
#13
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Re: getting a loan for a used car (pvt seller)
I just got a loan from Navy Federal.... if you get preapproved like i did it doesnt matter how much you ask for they'll tell you how much you can have. They approved me for $18,000, but since i only need $12,500 they gave me a check and all i had to do was fill it out with the amount and the guys name that its going to. On the check it just says that it cant exceed $18,000. Cause im buying my car from a private seller on friday! YaY! 
Good luck with the loan... i never though i would get approved cause im only 19... i thought my dad was gonna have a heartattack when i told him how much the bank would give me! lol 
Oh and my interest rate is only 4.5%!!!
Good luck with the loan... i never though i would get approved cause im only 19... i thought my dad was gonna have a heartattack when i told him how much the bank would give me! lol Oh and my interest rate is only 4.5%!!!
10-04-2004, 05:05 PM
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Re: getting a loan for a used car (pvt seller)
15% is rediculous for a Personal Loan for someone with zero credit? Howso? I think the national average is like 14.5% or so.
Are you saying thats good or bad? It's from BB&T btw.
Are you saying thats good or bad? It's from BB&T btw.
10-04-2004, 05:10 PM
#15
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Re: getting a loan for a used car (pvt seller)
Originally Posted by Shawn
15% is rediculous for a Personal Loan for someone with zero credit?
10-04-2004, 05:13 PM
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Re: getting a loan for a used car (pvt seller)
Originally Posted by Tonka Toy
Yes. My first loan wasn't that good at 10% but it was better than 15.
10-04-2004, 05:15 PM
#17
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Re: getting a loan for a used car (pvt seller)
Originally Posted by MI4nKuwait
navy federal.......thats all imma say..them niggas never say no
Me: "Sir your '83 Cutlass is worth $856"
Him: "Nah you.... dis be a show cuh. Is just put all new chrome on uh."
Me: "You bought pitted chrome?"
Him: "Nah...."
Him: "Dis be a brand new paint job..."
Me: "what about all the overspray and rust on the trunk?"
Him: "Ahhhh.... yeah I uh didn't see that."
Me: "I can cut you that check right now...."
Him: "Aight... can I cash it anywhere?"
A day in the life of an insurance adjuster in Portsmouth.
10-04-2004, 05:24 PM
#18
sumospeedDOTcom
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Re: getting a loan for a used car (pvt seller)
Originally Posted by Shawn
My first loan was a 3500 Personal loan. 48 months @ 15% or so, i'm paying just under $180 a month. I'll probably have it paid off in a year because its such a tiny loan.
10-04-2004, 05:29 PM
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Re: getting a loan for a used car (pvt seller)
Originally Posted by NoReverse
at least theres hope. i dont mind a high interest rate. im expecting it really. if i were to goto a used car dealership i wouldnt expect to pay anything less then 24%, so ill 15% on a personal loan if i can get it.
10-04-2004, 05:33 PM
#20
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Re: getting a loan for a used car (pvt seller)
Originally Posted by Shawn
Like everyone said though, dont go to a bank, go to a credit union. Banks are usually always higher.