Approved for car finance?
I applied for car finance two days ago and I have been refused by a few companies already. I am 19 next month, I earn over 1000 a month and work two jobs (one of which is music related so I don't pay tax). I haven't had any bad credit and have had a phone contract since I was 18. The payments come too 100 a month over 56 months. What is the likelihood of me getting accepted, will I need a gurantor?
- yiska
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- Posts: 1773
- Joined: Mon Mar 21, 2011 1:08 pm
Approved for car finance?
I don't know any lender that will finance you for 56 months on a $5000 car.That's just dumb business if they do.
You don't make enough money to get any auto loan, anyways. You usually need to make at least $1500 a month and you need to be able to prove it.
- kellan
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- Joined: Mon Mar 21, 2011 6:20 am
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