Who will do a used auto loan for a car older than 7 years?

by admin on November 19, 2009 · 4 comments

i only need like a 5000 dollar loan, but no one will finance a car older than 7 years, and the one I want is a 2000. What am I supposed to do?

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{ 4 comments… read them below or add one }

autosellingmaster November 19, 2009 at 4:54 am

There are several loan companies out there. Most will do a loan on a 2000 they just will not give a really long term. Your bank would also be a good option.

redgator40 November 19, 2009 at 4:54 am

save the money

jay November 19, 2009 at 4:54 am

go to a credit union, you should be able to get one through them.

UCANTCME November 19, 2009 at 4:54 am

Credit Unions usually offer low loan rates, especially for used cars. In addition, credit unions sometimes offer free credit insurance to borrowers as well as low-cost credit disability insurance. Many consumers join to participate in their loan programs.

Banks sometimes give a preferred rate to persons who have checking or savings accounts at the bank. In setting its loan rate a bank will inquire about a consumer’s creditworthiness by making a credit check. Another factor affecting the loan rate is the number of months the loan is in effect.

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