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Friday, March 12, 2010

Where to get instantly approved for an auto loan?

Where can I apply for an instant approved auto loan for someone who makes less than $600 a month?? I am a student and I really need the car. I don't want to have a high APR% rate though. Anyone know anywhere I can apply?

Where to get instantly approved for an auto loan?
You won't get an auto loan, instantly or otherwise. You make way less monthly then the minimal amount needed for approval. Your best bet is to save what you can and pay cash for a car until you're out of school and making at least $600 a week and have 3 years of solid credit history.
Reply:No where. It does take some time to run your credit report. I can tell you this much though, if you make less than $600 a month, no one is going to approve you for a lean, with or without a high interest rate.





Do you know your credit score? Do you have a bank account? Go there and ask about a loan, they can run your credit score and then you will have some idea what to expect.





I suspect though your options will be paying cash for a well used car, or having a cosigner with good credit and accepting you will have a high interest rate.
Reply:got a bank account? if so, see your bank's loan officer. if he turns you down you have a problem getting a loan with a manageable loan rate.


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