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the car i want is $2500 and i only make $500 a month

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Anonymous
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the car i want is $2500 and i only make $500 a month

is there a way i can get a loan for this

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Anonymous
Not applicable

Re: the car i want is $2500 and i only make $500 a month

If you can get that amount financed for 72 months you'll end up paying 34 dollars a month. but interest will be high.

Message 2 of 4
SamsungHDTV
Established Contributor

Re: the car i want is $2500 and i only make $500 a month

Its not likely at a traditional lender, as most lenders will have a minimum loan amount.

 

Maybe if its a very small dealership and they offer in house finance or simply save up 5 months (assuming you have no expenses, but you likely do).

Message 3 of 4
MacMan313
Contributor

Re: the car i want is $2500 and i only make $500 a month

Most likely the best solution would be for you to get a personal loan. Monthly payment may be +- $150/mo for 24mo. You arent going to find a bank willing to finance that amount. 

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