off topic question

lvlistchif · Post by **lvlistchif** » Sun Mar 02, 2008 7:06 pm

im wondering im 18 and trying to finance a maybe 3 or 4000 dollar car will i need a co-signer to buy it? i have good credit if that means anything

MoxHair · Post by **MoxHair** » Sun Mar 02, 2008 7:38 pm

all depends on the bank

Adionik · Post by **Adionik** » Sun Mar 02, 2008 8:54 pm

I'm pretty sure...yeah you will

OB · Post by OB » Sun Mar 02, 2008 8:57 pm

If you pull it off expect very high interest rates.

Cbussilver01es · Post by **Cbussilver01es** » Sun Mar 02, 2008 10:19 pm

OB wrote:If you pull it off expect very high interest rates.

Agreed, theres nothing more satisfying to a lender, than a teenager who is a high credit risk. Thats why rates are so high for that age group. Even tho you have good credit, you'll still get the shaft bc lets face it teens are a lot more of a risk than most adults over 20

jrumann59 · Post by **jrumann59** » Mon Mar 03, 2008 12:33 am

With todays market yeah probably so, especially if its a regional bank and not a big one. The housing market really fucked up a lot banks and if what I read is correct the FDIC is getting things rolling to cover bankrupt banks.