Thread: Under 18 Loans?
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03-27-2007, 09:30 PM
#9
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Originally Posted by Wildhoney View Post
Expect to pay the interest for a loan for your age group. With no property available for collateral it's obviously going to be an unsecured loan and thus your interest will be sky high. The best thing to do at your age is to borrow the money from a friend or family member.
Thanks for the comment, but i really don't mind paying a lot of interest (as long as it's not to high) because it's such a great car and i could afford it monthly, but the car has popped up for a good price and i don't have a grand spare. If he would accept the payments monthly then yeah i could easily get it now, but he needs this grand to go towards his VTR.