Take the 2-minute tour ×
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It's 100% free, no registration required.

I am 18 years old. How do I get a car loan for $3,000?

share|improve this question

closed as unclear what you're asking by Chris W. Rea, Dheer, JohnFx, John Bensin, Ganesh Sittampalam Mar 29 at 19:33

Please clarify your specific problem or add additional details to highlight exactly what you need. As it's currently written, it’s hard to tell exactly what you're asking. See the How to Ask page for help clarifying this question.If this question can be reworded to fit the rules in the help center, please edit the question.

1  
What country? Do you have any other income, mention general financial situation –  Dheer Jun 16 '12 at 16:12
5  
Dave Ramsey needs a car loan??? –  littleadv Jun 16 '12 at 21:25
6  
@littleadv - or a fan of his? Ironic. No loan, sir, follow your leader and work to save to buy one. No? –  JoeTaxpayer Jun 17 '12 at 0:20

2 Answers 2

A better tack would be to ask why you need such a loan? If you MUST have a vehicle, you are probably stuck asking friends or family unless you are going to pay a pretty high price for borrowing the cash.

Is $3000 out of your range to save up?

If you can possibly get away without having a vehicle at this time, it would benefit you more to build your credit (search this site for how) and borrow only when you need.

If you have no credit, then whatever money you borrow, from whatever source will have a high cost. It would be better to do it the traditional way (again, if you can wait)

share|improve this answer

I would try a social lending network like Lending Club or similar providers.

share|improve this answer

Not the answer you're looking for? Browse other questions tagged or ask your own question.