What is the lowest a car dealership will finance?

Asked by Apr 04, 2012 at 12:21 PM

Question type: Shopping & Pricing

i never bought a car, and i am trying to stay in a certain monthly price range before i start looking for one to "invest
in"

1 Answer

915

If it's an older car with high mileage, most banks will not lend on it. So if you mean you're looking to invest $2-$4,000 - try your local credit union for a personal loan and stay away from a dealer. Always get any used car inspected before you buy it. This way you know ALL the costs.

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