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Saturday, October 24, 2009

What do you think the maximum amout a college student should get an auto loan for?

With a cosigner of course

What do you think the maximum amout a college student should get an auto loan for?
you need to answer that question yourself based on your cash flow and other debts. A 17000 loan for 60months at 6.24% APR will be around $334/mo.





A comparison to whats available is good too..





http://www.surveyland.org/jump.php?link=...





Best of luck to you.
Reply:The answer to that is really more dependent on your income than your status as a college student, but assuming that's what your "job" is and you just work part time and/or get an allowance from mommy %26amp; daddy, $0.





Come to think of it, even if you do have a full-time job with a decent income, the answer's the same. Even more so if you're financing your education, in whole or in part, with student loans. There's no reason to even think of increasing your debt burden any more than you have to - trust me, when you get out of school, you'll be thankful you didn't.





If you already have a car that runs well, keep it - with the exception of trading your gas-guzzler in for a Civic or something like that; gasoline will not be this cheap indefinitely. In that case, save up as much as you can for the down payment for a while, as the depression we're headed into will keep energy prices suppressed, and you may be thankful you've got some cash on hand rather than another bill to pay each month.





If you absolutely must buy a car right now (and by that I mean your current one just cratered; increasing the quantity and/or quality of the *** you pull is not "must"), keep it as cheap as sensible (not so crappy you'll be stuck with a loan for a car that won't run though). Buy late-model used; a new car is one of the worst investments you can make, right after Citigroup stock. And for godsakes man, don't buy a new car until this loan is paid off.
Reply:If you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating. With this credit rating waive, guaranteed approval auto loan will have a higher interest which you need to consider thoroughly before you jumping into it.





http://www.worldbestloans.com/autoloans....





There are a lot of companies which can guarantee you auto loans, so you must find the best offer that is suitable with your monthly income. Look for the best deal and offer that you can get. You can visit any banks and car dealers around your area, but for a guaranteed approval auto loan usually available via websites.

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