I'm looking to spend no more than $5,000 to get reliable transportation (mid 90s Toyota/Honda/Nissan). The loan officer at the bank told me starting January one, the oldest car I can get a loan for is 1996. He then told me my best bet would be to sell my car first and then fill out an application for the best debt ratio.
Do any of you younger people have experience getting car loans? I'm 21 and clear about $900-$1000 a month. Will $5,000 with 0 down on a mid-90s car be doing bringing home $12,000 a year? I live with parents, work 30 hours a week and have about 715 / 720ish fico.
Do any of you younger people have experience getting car loans? I'm 21 and clear about $900-$1000 a month. Will $5,000 with 0 down on a mid-90s car be doing bringing home $12,000 a year? I live with parents, work 30 hours a week and have about 715 / 720ish fico.