Monday, June 11, 2012

Approved for car finance? : Taxes

Approved for car finance?

Postby yiska ? Sun Jun 10, 2012 4:16 pm

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?

Postby kellan ? Sun Jun 10, 2012 4:23 pm

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.

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Joined: Mon Mar 21, 2011 6:20 am


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