I am buying a car thats worth 13500?

Answers:6   |   LastUpdateAt:2012-10-09 19:41:02  

Asked at 2012-08-14 21:31:03
I have 12,000 in cash and my credit card is very bad when the dealer calls the bank for a loan for the rest and im givin me pass both the down payment?
Answer1GirlSenseAnswered at 2012-08-22 01:42:03
realize their potential , it would probably be better if you put less down. $ 1,500 loan hardly worth it. the bank may actually have a minimum amount you will pay . the person who sold the car should know and be able to give you the best advice . Do not get ripped off .
Answer2blash blaghAnswered at 2012-08-27 01:46:16
Most banks have a minimum that will give you a car loan . Most of the cases I have found the minimum amount is $ 3500. The reasoning behind this is the banks need to make the loan worthwhile, so they can charge the rate of interest , which will be higher if you have bad credit . With so many things you should be able to get a loan , but keep in mind that you can stop putting both down.
Answer3JamarAnswered at 2012-08-28 00:06:03
I think they should offer the 12k and if not accepted , walk for a day or two , if you do not accept return call back and talk about financing the rest , the way the market is right now is very easy to get a car below book value ... example, my friend just bout a nissan titan book value 06 for 12k , 16k was , went to see him and was upset that day because they lower the price , 2 days later , you receive a phone call to accept your offer 12k ! its possible to go with a poker face and get your car for a good price ! good luck !
Answer4MorganaAnswered at 2012-09-01 21:09:03
I do not think I give a rejected but not untreated until you try
Answer5S. H.Answered at 2012-09-26 22:17:05
So instead of even buying a car from a dealer and spending at least 1000-1500 dollars more , I suggest you buy used with low miles , or if you are buying used , go to a private concessionaire , but smart . If we stick to the idea, go to another dealer and ask if random will, and if they say yes , then your current provider probably say yes too.
Answer6KimberlyAnswered at 2012-10-09 19:40:23
I think the bank would approve , but if I were you , would not much below .. but if the cars in good condition and worth then I think that's good . Beware giving the APR and the number of months in the contract .
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