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Car Loans For College Students

Lawrence Said:

College student car loan?

We Answered:

Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool -

Julian Said:

steps to receive a college student car loan?

We Answered:

You can not get a loan with the scenario that you describe. Borrow from a relative and offer them 4% interest.... more than they would get from a bank CD.

Miguel Said:

Student car loan for college?

We Answered:

Loans for students help the student to deal with all the expenses that are to be incurred during his education phase like it includes entire cost of the student’s education from tuition fees, accommodation, books, and computers to transportation and many more.…

Many Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees.

Some of the most crucial are computer expense, hostel charges, and books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.

Rodney Said:

$8500 car loan for college student?

We Answered:

Sounds like you have an attitude problem. But I will try to help nevertheless.

Many lenders flat out will not lend to anyone earning less than $1500 a month. period.

Others might, with a cosigner.

On your own, without thousands down you stand little chance at traditional financing.

Generally, traditional, good rate lenders will only lend up to maybe 15-20% of your monthly income for a car note. Regardless of what you SAY you can afford. (They've heard that before thousands of times before which is where they get the 15-20%)

A buy here pay here place will charge thousands too much for the car and very high interest and will disable/repo the car as soon as you miss a payment. But that may be your ONLY option without a cosigner or several thousand + down.

Report me if you don't like my answer. But its the TRUTH regardless.

Todd Said:

College Student Car Loan 19 years Old?

We Answered:

you have an excellent start, but a short record.

without a cosigner a lot will depend on the amount of down payment you have as the % of total purchase.

the next will depend on your relationship with your bank. how long you've had the account, does the rest of your family have accounts there etc etc.

and of course, at this point in time a lot depends on your bank's current financial situation since some of them couldn't make a loan to anyone for any reason.

But if you have 25-30% down payment you have a reasonable shot.

Definitely try getting a pre-approval at your bank first ... car dealer finance guys can be ruthless and stick you with outrageous finance terms.

Tim Said:

Is it possible to buy a car with a student loan for college?

We Answered:

As many other answers indicated there are ways that you can use student loans to buy a car. However, it is very important to consider what you are getting yourself into.

If you are commuting to school and NOT pay for room and board, then using the funds to help you buy a car can be rationalized. But, be sure to consider the total cost of a car - it's not the purchase price but it is also the insurance and gas and maintenance. That all adds up in a hurry.

If you are living on campus I don't think it's a good idea to buy a car with student loans. It is much better to find a job on campus that will pay you enough to meet your required expenses and take public transportation or ask a friend for a ride occasionally.

When you graduate from school you'll find that the loan balances you carry will have a huge impact on what you can do - from the amount you an afford for an apartment to the loan you can get for a house, etc.

My greatest concern is that a cheap used car usually translates into a car that needs alot of repairs - and suddenly you feel as though you are spending all of your money on the car.

Enjoy your college days and put off extra expenses as long as possible. It's hard, I know (!), but you will be much happier in the end.

Lois Said:

Can anyone in MD/DC/VA Help with a CAR LOAN for College Student?

We Answered:

It can really save you time to just get a car loan price on the web to see what the going rates are. You might be really happy. Also if your credit is not the best, a lot of them are more able to work with you.

What I usually tell friends is that an online quote at is a no brainer.

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