Opinions on start up loan?
I start my first job Friday. So I was wondering if it would be a good idea to get a start up loan to get a car or should I just save up and purchase one thats for sale in a yard or on craigslist? Keep in mind I probably need a car quicker then I think cause my husband & I will probably be on two t totally different shifts. I don't really like the whole loan thing, but then again it might be best. If you've gotten a start up loan I would love to hear how it worked for you.
- Anonymous8 years agoBest Answer
I've bought every single one of my cars used and loan free. I'd save up and purchase one because in this economy you never know when you might lose your job and you might have a hard time finding another one. Nothing is certain these days.
Also I'm not sure what Mark is talking about. I bought my last car off of craigslist and wasn't murdered. There has only been 2 murders out of 100s of millions of transactions on craigslist anyway and one was an escort. Just take your hubby with you and maybe a mechanic.
- MarkLv 68 years ago
First of all, it's always never safe buying a car from a yard sale or craigslist. Lots of murders happen that way.
I would just save some money of at least $5,000 or more and make sure you have good credit score of 650 and above and pay it off within the next 3 yrs.
- 8 years ago
You should wait at least a year. Make sure you like the job, and make sure you can keep it. They may unexpectantly have to let you go, you never know. Never make a huge decision like that quickly. Also, it won't take you that long if you save all you can.
- Anonymous8 years ago
never get a loan unless it is the only choice you have
save up and buy something used
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- ahandle101Lv 78 years ago
Get it from GM. Tell them you are too big to fail. Tell them to give you more money so you can pay off the loan.
- Steven lishmanLv 68 years ago
Wait a few weeks, you might hate it and quit.