HomeCan a 16-year-old making 8K a month get a car loan?
Wiki User
2015-07-15 21:49:53
2015-07-15 21:49:53
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"
Related Questions
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.
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.
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.
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 other is 527.
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.
Bankrate.com list the average 36 month car loan at 6.44%
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.
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.
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.
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%.
Yes as long as you pay off your 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!
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.
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.
It would depend on the contract you signed when you purchased the car.
Write a check to the finance company every month
i o 19000 on a 10000 car at 560 a month 4 years left on loan
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.
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.
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
No, it is not possible. Your previous loan must be completed to get a new car loan
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
You can lower your monthly car payment by making a larger down payment, so that you borrow less money in total. You could also choose the loan with the longest term, for example, paying $250 per month for five years instead of $417 per month for three years.
If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.
How many 3s in 313433535333?
Is it true that one human year is equal to seven dog years?
How many fifths are in 6 tenths?
What is half of 74?
Who has won World Series both as a player and manager for the New York Yankees?
How do you spell water with 3 letters?
The more you take the more you leave behind what am I?
What Roman Numeral is xxx1x?
What is doomscrolling?
How did the Wiffle Ball get its name?
Do schools still teach cursive writing?
Can eggs break inside a chicken?
Why do books come out in hardback first?
What happens when a beehive gets too full?
What is the difference between an optometrist and an ophthalmologist?
How can you tell when someone's lying?
What are the advantages of stress interview?
Why the story entitled origin of fair complexion and fair hair?
Ano ang kahulugan ng iskolarling pagpapahayag?
What is a classified data spill or negligent discharge of classified information?
Ano ang papel na ginagampanan ng mga impormasyong ito sa mapa o sa globo?
Which of the following statements is true about storing classified documents?
When two pieces of cui or other unclassified information are posted online together?
What are the solutions to the crazy kiwi game?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.