Who will do a used auto loan for a car older than 7 years?
eminemfan0502 asked:
i only need like a 5000 dollar loan, but no one will finance a car older than 7 years, and the one I want is a 2000. What am I supposed to do?
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i only need like a 5000 dollar loan, but no one will finance a car older than 7 years, and the one I want is a 2000. What am I supposed to do?
August 8th, 2009 at 8:45 pm
save the money
August 11th, 2009 at 9:36 am
go to a credit union, you should be able to get one through them.
August 14th, 2009 at 6:24 am
There are several loan companies out there. Most will do a loan on a 2000 they just will not give a really long term. Your bank would also be a good option.
August 15th, 2009 at 10:38 pm
Credit Unions usually offer low loan rates, especially for used cars. In addition, credit unions sometimes offer free credit insurance to borrowers as well as low-cost credit disability insurance. Many consumers join to participate in their loan programs.
Banks sometimes give a preferred rate to persons who have checking or savings accounts at the bank. In setting its loan rate a bank will inquire about a consumer’s creditworthiness by making a credit check. Another factor affecting the loan rate is the number of months the loan is in effect.