Ok, so my dad showed me a truck that we both knew I couldnt afford, yet he wants me to get it. I want to ask him to co-sign on a car loan for $4,000. I just dont know how to bring it up, or talk him into it. I know I can pay it back, I just dont have any credit, and the truck is going to sell fast. So any advice from anyone who as had a car loan. Or info like that, much appreciated. Thanks
Car loans are a dime a dozen, but which one should you go for? Especially if you are a prudent consumer with a balanced budget, getting the right auto finance can be quite a challenge, what with so many auto finance providers thrusting their offers in your face. Your dealer may even offer to do it for you. While this sounds really tempting, it may prove to be a costly affair. So do your own thing and check out the auto loans yourself.
http://funadvice.com/r/151piop0h84
You can get these loans from a variety of sources, like banks and financial institutions and online financing companies. Dedicated auto finance companies usually offer better terms if you approach them directly rather than through some middleman. You should also keep in mind that your credit rating affects the interest rates and the amount of advance you can easily get, so if the picture is not too good on that front, you can begin by working towards improving your credit rating.
Its a 1975 chevy silverado. In the best condition I've ever seen on that yr for that price. A family friend is the dealership owner. Its only 3500 but I was thinking 4000 for it. I would baby it and never wreck it. I would keep it for the rest of my life.
I know I can make payments on it. I ran the idea of cosigning a loan by my mom. She seemed ok with it. But she also said thats my dads department. So im still trying to get him to see that. I just hope he will, because I know the truck is going to sell fast. Another person test drove it before me and told my friend he woukd be right back with the money. But never came back.
You're 18, like me. Buy a $500 junker cause if you wreck that thing it's gonna be considered totaled. Now this $4,000 truck is probably about 9 to 10 years old, and has 70 to 110 thousand miles on it. Not worth all that money. If its over 5 years old, (must be with that price) then you can't get a loan for it. If you were somehow able to get a loan, you'd have to pay for full coverage insurance instead of just liability. And at our age insurance is rediculous. So there's a lot to think about.
Since he showed you the truck, maybe he's already thinking you might ask him to co-sign? My dad co-signed on my first car...and I made absolutely SURE that I never was late of missed a payment...or had to go to him for a payment. You do the same thing...and he'll help you out in the future.
Just ask him...
p
