Car loan when your 18, how does this work?

im 18,


im getting a usedcar in southern cali (vw) around 13,000


im putting about 2-3 grand of my own cash down.


i have a co signer


and im willing to do monthly payments of 250-350





how does this work?


what kind of interest am i looking at?


is 2grand down enough?





thankyou for your infoCar loan when your 18, how does this work?
$11,000 for 4 years at 8% would be payments of 270 a month





2,000 should be plenty. Be aware that you may have to have full comprehensive insurance on a financed car.





You can at the moment get some new cars for that amount with a 0% or very low finance rate. Kia had one for under $10,000 and I believe ford and chrysler as well.Car loan when your 18, how does this work?
no one can really answer this question





rates change on a weekly basis at the least





go in to your local bank or finance broker .. someone who can sit and talk to you





ask them for base AND comparison rates





dont worry about the rate it means nothing to the average consumer





look at repayment and measure it against new car repayments to see just how much you are being ripped off
You need to pass on a used VW that is no longer under warranty unless you have a deep wallet for repairs...then again, you are trying to get a loan for this car, so I doubt that is the case.





Put that down payment towards some used Buick or Pontiac of about 2000 or so model year that you don't have to get reamed by the dealer to get parts for and thank me later.





Timing belt change for $1000 every 60,000 miles on a VW? No way, no thanks...especially when those belts break way before the 105,000 mile change interval listed in the manuals.
With the way that most loans seem difficult to get recently. The websites places are fast and sometimes have easier approval sometimes.



I suggest http://auto.deal4-you.com
It should be enough. Your credit score, lenght of finance, and Apr will determine how much your payment is. Don't be surprised if it goes over $350.
In the current credit crunch, getting a car loan with less than perfect credit can be tough. And, if you are able to get a loan with bad credit, you will likely pay an extremely high interest rate. A high interest rate can cost you thousands extra over the coarse of a loan repayment. Here are a few tips on how to get the best rate possible on a car loan. Regular banks are likely to deny you or give you a very high rate even if your credit is only slightly less than perfect.





http://www.worldbestloans.com/guaranteed-car-loan.htm





Smaller banks that specialize in higher risk need the business more and will investigate your credit to a greater extent making it more likely that you get a better loan. These banks are likely to approve a loan even with a bankruptcy in your past if you have a job and a stable residence.

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