<3Amayzing (Due May 27, 2010) asked:
Where can I apply for an instant approved auto loan for someone who makes less than $600 a month?? I am a student and I really need the car. I don’t want to have a high APR% rate though. Anyone know anywhere I can apply?
Jorge
Where can I apply for an instant approved auto loan for someone who makes less than $600 a month?? I am a student and I really need the car. I don’t want to have a high APR% rate though. Anyone know anywhere I can apply?
Jorge
Pearl
No where. It does take some time to run your credit report. I can tell you this much though, if you make less than $600 a month, no one is going to approve you for a lean, with or without a high interest rate.
Do you know your credit score? Do you have a bank account? Go there and ask about a loan, they can run your credit score and then you will have some idea what to expect.
I suspect though your options will be paying cash for a well used car, or having a cosigner with good credit and accepting you will have a high interest rate.
Comment by oklatom — August 27, 2010 @ 5:27 am
Bonnie
got a bank account? if so, see your bank’s loan officer. if he turns you down you have a problem getting a loan with a manageable loan rate.
Comment by baleno12002 — August 29, 2010 @ 5:18 am
Jerome
You won’t get an auto loan, instantly or otherwise. You make way less monthly then the minimal amount needed for approval. Your best bet is to save what you can and pay cash for a car until you’re out of school and making at least $600 a week and have 3 years of solid credit history.
Comment by insidebuy — August 31, 2010 @ 1:01 pm