Finance Questions

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Question: I need to find financing for a car with a rebuilt title?

Like it says...I need financing for a car with a rebuilt title. I've checked two credit unions and neither offer it. I live in the Knoxville Tennessee area. Any help would be great! Thanks!

Answer: You won't find anyone to finance it because you won't be able to find insurance for it.

Lenders perspective - If someone loaned you the money for the car and your totalled it, they would be out all of the money they lent you and would have to sue you to break even.

A salvaged vehicle isn't worth anything to a lender.

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Question: does anyone know how much i may pay monthly for an m3? im 16 ?

already got " "ed 340! per month.. haha why so expensive? i live in phoenix az and wondering why on the e46 fanatics forums almost EVERYONE under 25 insurance was under 200, and i dont want any supid answers like you cant afford it. used 2001 m3 can be financed, and can be payed with a job, uncle owns a car shop so maintainence is taken care of, and insurance can be taken care of by my mom..... if it is UNDER 300 :[[

Answer: Zero per month.

Contracts are not legally enforceable on minors, so nobody is going to allow you to finance the car. If you change your mind with one payment to go, you can bring the car back to the seller, and they have to give you ALL your money back.

When you are 18, you can enter into a contract. Then, the monthly payment will depend on how much the car is, how long you are financing it for, the amount of down payment you are putting, and what the APR is. You provided none of this information.

Well if you already know everything at 16 years old, why bother asking a question???

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