Loans????????/

[NissanS14guy]

I am in the process of selling my car and should be in the clear with about 2g's to put down on a loan.............I am looking to get about a 12,5-13k loan for my next car to get it and do a conversion/swap....................What is a good place to go for a loan my credit is good never been late on any payments....I do have a large outstanding credit card debt of 6g's that I already paid off 4g's on and make over the mininmum due every month. Would it be hard to get a loan for this much money with a decent interest rate? any help or info would be great.thanksZac

[w1ngzer0]

12.5k-13k CAR. You can't take out a big personal loan like that unless you have equity.

Now 12-13k for just the car purchase is possible.

[NissanS14guy]

yeah i got my eye on a car that is 12.5k so i just looking for a place that i can get a good interest rate

[w1ngzer0]

bank is a good place to start man.

[fiznat]

yeah, if youve been a member of a credit union for a while that's usually the best place to go. big banks like Fleet, Webster, etc are good too but they usually wont give you as good of a rate. Just shop around and see what you can get. Be careful though, you dont want too many requests on your credit line so pick just a few of the best and get rates from them.

How old are you?

[NissanS14guy]

LOL I know that but the car is a 1995 my bank is being stupid about it.....car older than 7 years they having issues with,,,I saw people post a few sites of places online that would give out loans for used cars of any years just seeing anyone has used these and any experiences.

Edit

I am 21

[w1ngzer0]

woah...... sounds shady to me. In some states there is a min loan amount and car year. Right now in AZ its 10k and 98.

[NissanS14guy]

I will have to go back and check i was looking into that last year....for a different car....I will check into more tomorrow.

[C-Kwik]

I'f im reading into this correctly it sounds like you are planning to get a loan for more than the car and then use the leftovers for mods. Generally, a finance company will not finance a car that is that high over market value or blue book.

[vq35de]

typically a bank will not loan you more than 115% of the cars blue book or MSRP. That is pretty standard on internet loans. my advice: buy a beater with part of your 2000.00, then save up until you can pay cash for the car you want. I would bet money if you do that during the time you are saving up you will find the exact car you want for 50-75% of what you were expecting to pay for it.

Good Luck,

By the way I didn't even take my advice, I am one of those instant gratification people. I took a 8000 dollar trade in loss on my last car I bought, cause I wanted it now. Not a big deal IF you have some money to throw away.

[rousie13]

A lot of the online sites have requirements on age, miles, etc. My bank (Keybank) had no problem giving me a loan for a 96 Toyota Tacoma, but that was also only for $6k.

[NissanS14guy]

Yeah I trying right now on place to get a loan online..if that falls through i may just get a beater for the time being.......and in about a year be able to purchase what i want

[w1ngzer0]

.... make sure its nto from a random loan company.

[SDRonEbay]

Sorry, I missed the end of this. I'm at my day job so I can't go into it in depth. Check out the Classifieds forums Showroom. Good info all the time.