I am perplexing to get the used automobile something arguable as well as underneath 10k..I was told by the loan military officer given I have no credit story they competence be means to financial the automobile for me..So what does which mean…
Would I need the down remuneration ?
HOW DOES THE CREDIT UNION FINANCE THE CAR FOR YOU ?
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{ 2 comments… read them below or add one }
they buy the car and you pay the credit union the cost of the car plus interest,
you are going to pay alot of interest on the car because you have no credit history
the best thing to do is have your perants Co-sign on the loan it will help and you will have lower payments
If you have a savings or checking account with the credit union, it would help. Otherwise, they might approve a relatively small loan for you, at a high interest rate. This means you might have to come up with cash to make up the difference between the loan amount and the price of the car you want.