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Which factors should I consider before applying for a car loan?

6 Answers

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  • 2 months ago

    How secure is your job.

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  • 2 months ago

    If you don't know how much you can afford to spend don't take out a loan.If you buy a vehicle don't buy the expensive extended warranty they will try to sell you.

    Source(s): Mitsubishi Master Tech
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  • Jay P
    Lv 7
    2 months ago

    You have a reliable source of income to pay it back.

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  • Anonymous
    2 months ago

    Know that your credit and income is enough. At least a 700 and $2000 a month.  Otherwise, no reason to apply. Unless you want a rip off subprime deal.

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  • arther
    Lv 4
    2 months ago

    the fact you have to pay it back, will the car last 5 years. save the cash up buy a $5k car drive it for 4 or 5 years buy another 1.

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  • Anonymous
    2 months ago

    If you are able to make the payments.

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