Mister Jew

Sup,
I had a question for you guys since i have no idea about the topic. I have an account with a big bank an i have about 19.5k in the bank and than i have a cd with a good amount as well. I need about 3k more to get the s2000 of my dreams. So basically i am asking is will a bank give me a loan i have no job i just had surgery so still recovering. I have a cell phone an apt but no credit card so i sure my credit is ok i have nothing against me as far as loans to pay off as of now. I would pay it off extremly fast but just curious if you guys have ever been in this situation? Any info would help alot thanx peace.

RCK

It sounds like you are planning on using the $19.5k in your account to purchase the car and need a loan for the difference that is left. Since you have a CD in the bank, your best option is probably going to be asking for a loan secured by the CD. Since it is your money, they should allow you to loan against it even though you don't currently have a job. This loan will also help you to establish some credit, and should be at a very reasonable rate.

Mister Jew

Sup,
Ok that makes sense i am gonna give it a shot tomorrow. I would like to establish some credit as well. Thanx peace

vader1

Is this VLAD?

no_really

get a job first. How are you planning on making the payments on the loan, paying for insurance and gas, and other related expenses? As long as you have documented income and clean credit history, it shouldn't be a problem, but I don't know why you'd want a loan before you had a job. Unless you have an income source, such as a job you've held for a year, i don't know that any bank would swing a loan for you. Borrowing against savings is probably fine, but you still need to pay for the loan and associated costs, don't you?

Mister Jew

Sup,
Yea they said NOPE. I am getting a new job asap i just had the cash finally but i picked up an 03 with 7300 miles thats why i wanted the loan to get that particular car. I went to Honda though and found out the car is out warranty an its 1500 bucks for 4yr 48k warranty. I guess ill wait a little longer thanx for the info though.

THIS ISNT VLAD sorry

kumainu

Why is the car out of warranty with just 7300 miles?

jasonw

You could try a shylark...

Mister Jew

Sup,
It was purchased in april of 03 and it ran out. Peace

s2kshift9k

nope you need a job to show the bank that you can pay the loan. depending on your credit score also will determine your interest rate and how much of a loan you can take out putting down a down will also help you out on lower payments! good luck with your purchase