Can I get student loans for car payments?
Alright, so I’m a college student with decent credit, but my monthly income is only around $500. I’ve been looking for loans and most places require a monthly income of at least $1500, or requires a cosigner, but I don’t have either of those. Is there any way I can get a student loan to cover the $6000 for a used car? Or any other suggestions about getting a loan?
Tags: Loans, Payments, Student, Student Loan
I think student loans are for schooling not to purchase cars.
If you get a student loan you can use it for whatever you like. No matter how poor of judgment you use. Why not get a cheaper car?
yes defenately u will get try this site get full information
Well, the loan agreement that you would sign for a student loan says that you are not supposed to use the money for anything other than school expenses (specifically not for car payments or anything) but I know that after everything is paid for out of my loan, my school cuts me a check with the rest of the money and then it’s mine to do with as I please. Most of the time you still have to have a co-signer for a student loan though. I don’t think I would advise paying for a car with one, but technically you could probably do it.