ford trucks
Question
Do you think the bank will give me a loan for a truck?
My paycheques average around $600-$800 per month. Thats what i get for working at walmart. Anyways. I want to borrow about $8000 or less(hopefully the truck is less) to buy a Ford F-150. I don't know what my credit score is but I never miss or am late on a payment. I was quoted $168 a month aprroximately for insurance for a truck. Plus i have a phone bill that's $73.00 per month. So I was just asking if you think I could afford this to begin with and if you think the bank would loan me the money? Thank you. I'm 20 years old. I think I make about 14 thousand a year maybe
3 months ago - 5 answers
Best Answer
Chosen by Asker
It depends on your age, and what other bills you have. and your income. If you want to borrow 8,000$ for a truck, I would say that banks will probably want you to make at least 3 times that 8,000 a year. but its very possible!
by yguildl
3 months ago
Asker's Rating: 
Other Answers
No the bank will not loan you. Most banks ask for $12,000 to $15000 minimum income. Plus your income is just to low you won't be able to affford it.
by Punjabi Munda NYC- 3 months ago
hm.. maybe but im 21 and had a card since 18 and built awesome credit but my max card is 6000$ i bet if you get a card use it for a year you should be good to go.. and also if you know you can pay it just get your parents to either cosign the loan or the credit card.. talk with your bank they will answer your questions well i also havnt asked for any higher credit they just gave me it
by bd- 3 months ago
Based on what you told me probably not. but If you do you are cutting it close.
by Victor- 3 months ago
If you are new to the world of loans, then all the jargon and terminology can seem very confusing. There are so many different terms to understand, and unless you know some of them you will not find the best loan deal to suit your needs. If you want to know more, then here is a guide to some of the basic loan terms you might need to know. www ... The lower the APR, then the cheaper the loan interest will be. Credit scoring is a method that lenders use to determine your eligibility for a loan. They ask a series of questions about your earnings and financial situation. Each answer you give is scored, and the better your score then the more likely you are to be accepted for a loan.
by Joseph- 3 months ago