Can I Get Financed If I Pay Half Of The Cars Price ? ?

1. g Says

   With 50% down you could probably get financing. But at what rate? That’s the trick. Anything more than 5 or 6% would eat you up. You’d be so much better off paying cash for a slightly used top quality automobile. And for 18 grand, you would have a ton of great choices.
   BTW… that Lancer would fall apart before you got it paid off. Don’t do it. Not a quality automobile.

2. Never Says

   Maybe. Depends on your credit, your income, your time on job and your willingness to overpay for both the car and the interest rate.
   With that much down, many sub prime lenders would take a chance at a high rate, maybe even jack the price up a few grand, and then outfit the car with a device that would shut it down if you miss a payment as well as tell them where it is so they can come get it.
   Just because you can, doesnt mean you should.

3. Malty21 Says

   If you have $18,000 buy a car cash! never finance a car that you do not need to. A $18,000 loan at about 4% will cost you $5,000. and a 60 month committment at about $400 a month. Does that make sense?
   No car payment = Freedom!

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