How much money will the bank loan me?

bank loan
yborraver asked:


I get 1000 dollars or so every 2 weeks I have a car worth 10,000 in collateral. I also would have a co signer with outstanding credit. btw loan is for a car.
so does the co signer weigh in heavily? wondering cause my dad has really good credit and a big saving account. chrysler 300c with the navigation if I get a 40,000 dollar loan lol jk not trying to get over my head

4 Responses to “How much money will the bank loan me?”

  1. Dutch Master - August 23rd, 2008

    That is an easy one you would qualify easily for a $42,550 car loan based on a cosigner , the sale value of your car and the strength of your cosigner which I assume i9s strong . Roughly at a 8% car loan for 66 months your car payment with no down payment would be approximately $808.00 a month give or take .

  2. me'-chelle - August 25th, 2008

    I depends on your monthly bills as well as any outstanding bills you may have. The bank will check into all of those things. If your gross net outweighs your total liabilities then you are good. That is one hot car. When my navigator kills over or if I get a raise I plan on getting one myself. Good luck. You should get some 24’s to go with it anything less is just blah.

  3. fscape444 - August 27th, 2008

    I’m sure you would not want to take on more that you could pay back after all with your dad co-signing this will go on his credit report as a debt, and if you fail to make a payment or are late on a payment it will effect your dads credit rating…

  4. aubrey - August 29th, 2008

    The 300 rox! But owning one I will say you the big (big) V6 is plenty. Beautiful car and you will love it. I bought a new 2006 Corvette then the 300 a month later and litterly love the 300 more. Pics available upon request!