Auto Loan or Personal Loan?

[Anonymous]

I have been looking for a car/payment in the $100 range. I don't want to pay over $6000. I wasn't even sure I would get approved (TU 648), but the finance guy at the dealership said he could approve me for a car that costs at least $7500 as that is a normal minimum loan amount. Well...I don't want a $150 car payment so I don't know what to do now. Should I try to get a personal loan? Any suggestions on who I should try with next? Thanks!

[Anonymous]

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@Anonymous wrote:
I have been looking for a car/payment in the $100 range. I don't want to pay over $6000. I wasn't even sure I would get approved (TU 648), but the finance guy at the dealership said he could approve me for a car that costs at least $7500 as that is a normal minimum loan amount. Well...I don't want a $150 car payment so I don't know what to do now. Should I try to get a personal loan? Any suggestions on who I should try with next? Thanks!

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A bank or credit union may finance you- for that small an amount.

Or a bank may give you a loan.

You need to do your math.

invariably a car valued that low has a low relaibility factor.

[Anonymous]

Thanks...I've done the math...that's how I know what I can afford .

My credit union won't approve a new loan as I'm paying one off that got behind. I might try my bank.