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When do i need to start paying a car loan back?
for an example say i get a car loan for 8 to 10k
Im moving out this fall and am able to afford my rent and also all the other expenses but the only problem is i have never been able to get a car while living at home and now i need one since i will be on my own and i just wanted to know if i did get a cheap used car, would a car loan cover the expenses and if so, how long do i have to pay the money back?
4 Answers
- 12plezeLv 61 decade agoFavorite Answer
If you have good credit and make 1500.00 a month for 1 year same place as well as live at same for 1 year and have YTD stubs and 2 utility bills and down payment your 1st payment is 45 days and each one after is 30 and 1-3 days late could cause 100 points off credit score and raise APR.
- 1 decade ago
I would also recommend to read more about how to choose auto loan calculator wisely.
Quite often car loan companies are using on their sites the types of calculators that show the advantages better and do not give data about negative part of the car loan real.
More details inside this post about how to choose car loan calculator
- Anonymous1 decade ago
Attention everybody,
My name is Kelly Cole am from Canada recently when I was searching for a loan to pay off my bills so I posted and ad here in yahoo answer just few weeks ago I was recommend to susfasa loan firm by Anais willy from U.S.A so when I was your profile I decided to recommend any one that in need of loan direct to this kindly man of God his name is Mr. Susfasa Lee is the C.E.O of Susfasa Loan Firm you can reach him via:susfasaloanfirm@live.co.uk or susfasaloanfirm@yahoo.com tell him that Kelly Cole from Canada recommend you to him who his offer a loan few ago.
Thanks form Kelly Cole.
- Anonymous1 decade ago
Usually, your first payment is due 45 days after the loan is funded.