im wanting to buy my grandfathers 1959 chevy bel air im 16 i want to know how i could get a loan?
i have between 5,000-10,000 dollars in the bank i can’t tell you how much exactly of course. and the car is a beaut she was completely redone engine interior you name it. it makes me rather angry! that he wants to sell this sweet piece of history away from the family he wants to sell it for no less than 19 k but for me he’ll make an exception how can i get a loan or something to help me buy it i have a job and extra green .. thanks
heres a picture its not the best one i could of took sorry.
http://yfrog.com/ebmomscam2016j
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First may I say, that is a really nice car! and 19k is actually a really good deal on one of those! You would have to have your parents take out a loan for you as a 16 yr old cant, you usually have to be 18 with an established line of credit. Talk to your parents, see if they’ll take one out for you, and pay them back over time. Good luck though, and that is one sweet ride!
You don’t want to go into that much debt at such a young age, it’s not worth it. Plus, you’re going to ruin it, no matter how much of a good driver you think you are you’re going to have little "oop’s" and damage your first car.
No bank in their right mind would lend $$$ on a collector car to a 16yr old with probably little income.
Unfortunately that’s the way it is.
Here are a few articles that may help. You could also try a payday loan place and see if they will lend you some money but they are expensive.
http://hubpages.com/_2g96pib29e6yt/hub/Auto-Loan-Requirements
http://hubpages.com/_2g96pib29e6yt/hub/How-to-get-a-personal-loan
the only way to get a loan at 16 is to get a co-signer that will help with payments if your having trouble. honestly not a good idea if you wanna start out life and actually be able to make some money
You better stick to something else. Obviously that is not a 59 but if you must have it get your grandfather to finance it for you. I can’t believe nobody else answered and let you know that the photo is of a 55, not a 59.