If you are making that kind of money just hire a car and driver.
You have to be eighteen to legally enter in to a contract.
what is this 16 year old doing to make so much money????? and no you need to be 18
The answer is no? but if he is making that much money then he does not need a loan he can just buy a car.
I think he means "8 $ " not "8K"
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Related Questions
How often will a lender of a car loan check your credit report if all payments are made on each month?
While you are meeting the terms of the loan contract and making all the payments required on time, the lender will not see that there is any problem with your loan.
What are the benefits of car loan calculators?
The benefits of a car loan calculator are that they help you have a clear view of the cost per month and the down payment required to purchase a car.
What factors come into play when making a car loan payment calculation?
Paying a car loan payment is an important thing to do each month. There are many factors to consider when calculating your monthly payment. You should consider how fast you wish to pay off your loan and the rate of interest you must pay if you extend your loan over a number of years.
Will a car amortization calculator tell me how much a car loan will cost per month?
You can find a a car amortization calculator at www.bankrate.com/calculators/auto/auto-loan-calculator.aspx.
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the?
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the other is 527.
What is a car loan payment calculation?
The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much you might owe each month.
What is the average interest rate on a vehicle title loan?
Bankrate.com list the average 36 month car loan at 6.44%
How do you get out of a car loan?
You must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan. If your higher monthly payments are making things difficult for you, you can refinance your car.
Can you get a loan out on your car?
ImproveYou must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan.If you higher monthly payments are making things difficult for you, you can refinance your car.
What do you do to get out of your car loan?
ImproveYou must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan.If you higher monthly payments are making things difficult for you, you can refinance your car.
What is the average current auto loan rate?
Auto loan rates vary depending on how long one takes to pay off the car and whether it is new or used. For a 60-month new car, the interest rate is 4.1%. For a 48-month new car, the interest rate is 4.02%. For a 36-month used car, the interest rate is 4.69%.
Can you sell your car if you are making payments?
Yes as long as you pay off your loan.
Can your loan company repossess your car if you are in arrears but are making payments?
Yes.
What do you do if you can not afford to continue making the car payments on the totaled car while making payments on the new car loan?
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
Is it common to take out a 60 month car loan?
Yes it is common. The concept behind a 60 month auto loan is a very simple one: a person has sixty months or five years to pay off the auto loan. This means that a borrower has to make 60 payments before they get title to the car. Under a normal loan arrangement, the lender keeps the title to the car. This enables the lender to repossess or take back the car if the payments are not made.
What happens if you are paying less on a car loan because you lost your job but you are on time every month can the car company take your car?
With any debt, even if you are making a monthly payment, you are not paying the full amount due. The car may be repossessed, your credit report can reflect these late payments thus making future credit applications more challenging.
In a repossession do you have to pay off the entire car right then or just keep making your loan payments monthly for the duration of the loan?
It would depend on the contract you signed when you purchased the car.
How can you take over car payments without transferring the car loan to your name?
Write a check to the finance company every month
What can a bank do to you if you give a car back on your own?
i o 19000 on a 10000 car at 560 a month 4 years left on loan
Is there a good Vehicle loan calculator?
Auto finance and car loan tips to help making car buying easier. Cars.com's auto loan calculator estimates your monthly payments, down payments, interest rate.
Ron took out interest free car loan for 10950.00 1st month he paid regular payment 2nd month he pay 150.00 toward his payment each month if he paid loan off in 10 months how much was his regular?
467
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
If your ex stops making payments on a joint car loan after taking the car to another state and has cut off contact with you what can you do to protect your credit and get removed from the loan?
Call a lawyer. ASAP
How can one get loan from bank for purchasing their first car?
For making loans, you must talk with your banker and decide wether or not it is a good idea to make a loan for a car. The banker will not nessesarely accept
Does a bank have to refinance a car to transfer payments to someone else?
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
