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How do car loans work?

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Old 07-12-2008, 05:49 PM
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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...
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Old 07-13-2008, 10:57 AM
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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?
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Old 07-14-2008, 04:06 AM
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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..
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Old 07-22-2008, 06:05 AM
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It's literally loansharking.
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