I want to buy a car?

Question

I want to put $1000 down a car thats about $10000. I only have one credit card that i make regular payments on and ive had about a year now. I'm 19 and my income is only about $900 a month. What do you think my payments would be?

Answer 1

$200 a month

http://www.edmunds.com/apps/calc/Calcula...

Answer 2

It would all depend on the interest rate that you get on the loan.

Car payment calculator:

http://www.defenselink.mil/mapsite/carpa...

Answer 3

don't do it...buy something in the 3-4k range and save your money.

banks are going to charge you high interest for you car loan.

Answer 4

Chevy has a nice Aveo5 for 10-12K. You may be about to get a payment under $200 with a decent credit score, even if you only make $900 but dont have many bills to pay.

Answer 5

Payments would approx. $200. pr.mo. give or take. Honestly though, I don't see you getting approved. Your credit history, income, job time, and etc. are not enough for you to get a loan on your own, you definetely will need a co-signer.