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-   -   How do car loans work? (https://www.gtcarz.com/chit-chat-2/how-do-car-loans-work-79131/)

moe lid 07-12-2008 05:49 PM

How do car loans work?
 
i need some extra cash and am wondering how do thos car loans u hear on the radio work,,,,good credit bad credit, slow credit, no credit.......car loans work....i mean do u have to buy a car from them or they pay for it after u made a dicession can some one tell me how they work...

RonBurgundy 07-13-2008 10:57 AM

Most likely extremely high interest rates. May need a co-signor and something as collateral. Not too sure because I have never done it.


What about a line of credit from a bank?

moe lid 07-14-2008 04:06 AM

yeah thats true actually...never thought of a line of credit....
yeah am gonna ask about that...probiblly more relaiable and less intrest since its from your bank
thanks..

X_LUDWIK_X 07-22-2008 06:05 AM

It's literally loansharking.


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