Question by A: Used Car Loan with credit score of 650 unemployee but have capital.?
Ok, I am 20 years old and unemployed with a credit score of 650. I need to get a used car loan of 7500 or maybe more. I have stocks worth 13k. And I will have an income of 400 every month from my brother. I bank with Wells Fargo.
Will banks such as Wells Fargo or Chase give me a used car auto loan? If so, how much do you think the interest percentage be? Does the bank even care if I have assets? or an income of 0 a month?
Best answer:
Answer by loves christmas lights
Only smaller car lots might take that risk with you.
The bank might suggest you sell your stock, and use that as a down payment, stocks can be worth nothing on any given day. Sell and get your car, get a good car that will last you. With that kind of money, you cna buy new, but insurance will be high so be prepared,
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