Anywhere I can get a $2000-3000 loan with no credit?

[Foote 10+ year member]

Can you get a co-signer for a loan? Like a parent?

Nah, everyone I know has bad credit.

 

[MmatsDude 10+ year member]

dont finance for a car i regret not saving up the 4000 that my car cost.. ugh

 

[Foote 10+ year member]

seriously you should deal with the poor mileage for a little while and save up some cash since you are in schoolDO NOT set yourself up to fail

Yes, I guess I could do that...It just seems so much easier to get the loan and pay it...kinda like...paying it would be the same, in a way, as putting it in savings...only I have it now also...and I feel more secure cuz while saving up I have to worry what if something happends and whipes out my bank account...then I'd be screwed out of all the money and still have a crap *** car.

 

[macq32 10+ year member]

u can get a credit card, my first one had 4.3k limit. There are tons of places that would LOVE to give you a loan, because they know your setting yourself up for failure and ridiculous credit rates LIKE RIDICULOUS. Cash Advance places have up to 500% apr. How ****ed up is that?

The current state the economy is in your not going to be able to get a legit loan, and your probably better off that way. Really do yourself a favor and if you dont have it, or wont have it in the next couple weeks, dont use a loan... just dont

 

[Andrew12 10+ year member]

I was in a similar position but I decided I'm saving up and paying in cash.

 

[95BlackGA 5,000+ posts]

The way I figure it is ..maybe a $2000 loan at 20% rate...for one year...is that how it works? Because that will be $2400 total; and over 1 year that comes out to $200 a month...which is about what I need to pay.

Then I'll have $3500 to buy a car with; and just pay $200 a month for 1 year to...my bank? Do you think they'd accept this type of loan...?

That's dependent on your bank. I went to a rent to own auto place, and got a 2002 C-1500, paid $1,200 down, and I pay $154/mo for 36 months. Once I get taxes back, I will be paying it off though.

 

[bones22 5,000+ posts]

Yes, I guess I could do that...It just seems so much easier to get the loan and pay it...kinda like...paying it would be the same, in a way, as putting it in savings...only I have it now also...and I feel more secure cuz while saving up I have to worry what if something happends and whipes out my bank account...then I'd be screwed out of all the money and still have a crap *** car.

when i was your age i thought the same thing

i just tured 27 and last week i went through a bankruptcy

of course my situation is different. i ended up with 8 months of NO income at all after getting out of the army. between being in the army not home to pay all my bills myself and then no income i got so far behind there was no way id ever get out of it.

 

[Foote 10+ year member]

That's dependent on your bank. I went to a rent to own auto place, and got a 2002 C-1500, paid $1,200 down, and I pay $154/mo for 36 months. Once I get taxes back, I will be paying it off though.

Wow that sounds like a great deal; I wish I could find one like that. Is this with like a good credit and income though? Or are you zero credit and very low income like me?

Also....I know where you guys are coming from warning me about not getting a loan...but it really looks gay having to drive in the van I have now and save up for 6-10 months.... //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif @ 6.55/hour //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

 

[Canaan 10+ year member]

Ok man...add it all up.

Say you buy a car that gets 25mpg.

And you commute 25miles to and from college...5 days a week

At $2/gal gas...thats ~$40/month

Insurance...prolly $85/month (first car?)

So...

40

85

+200

--------

325

Thats 65% of you monthly income...and thats only taking into account what the car itself will cost you. What about food, clothing, etc???

Do yourself a favor and save up for the car.

At least then if something comes up between now and then, you will have a little some to fall back on.

EDIT:

Oh...and add in that phone bill....$40/mo

so thats 73% of your income.

 

[Foote 10+ year member]

Ok man...add it all up.
Say you buy a car that gets 25mpg.

And you commute 25miles to and from college...5 days a week

At $2/gal gas...thats ~$40/month

Insurance...prolly $85/month (first car?)

So...

40

85

+200

--------

325

Thats 65% of you monthly income...and thats only taking into account what the car itself will cost you. What about food, clothing, etc???

Do yourself a favor and save up for the car.

At least then if something comes up between now and then, you will have a little some to fall back on.

EDIT:

Oh...and add in that phone bill....$40/mo

so thats 73% of your income.

****. I need a better job. //content.invisioncic.com/y282845/emoticons/wow.gif.23d729408e9177caa2a0ed6a2ba6588e.gif

 

[95BlackGA 5,000+ posts]

Wow that sounds like a great deal; I wish I could find one like that. Is this with like a good credit and income though? Or are you zero credit and very low income like me?


Also....I know where you guys are coming from warning me about not getting a loan...but it really looks gay having to drive in the van I have now and save up for 6-10 months.... //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

I have no credit, and I am a stay at home dad, so no income. I have a household income, plus a cosigner. House hold income is $28,600 annually, and the cosigner's is around 48,000 annually.

 

[Proximity 10+ year member]

Unless you have a cosigner...you really have no chance at getting a loan. I've tried myself, it doesn't work.

 

[simpsonbuck 10+ year member]

A loan shark.

 

[Proximity 10+ year member]

Find a student credit card (citibank has a good one, I got one from capitol one, etc...) and start building your credit. It won't be enough for a loan or anything, but you'll build credit.

 

[bigbangtheory 5,000+ posts]

He could never get a car loan through Capitolone too strict but probly a CC with a $200 limit thats it. Try to find a car lot that carry their own contracts.

Ummm, lol!

I have capitalone auto finance and I got a new car 6 months after my bankruptcy, lol! So ok, if you say so.

I do have 12 % interest though. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif