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How does one go about getting a loan for stuff like car parts??? I think it was Viper04af that said he had gotten a loan for his turbo project. I'm just curious what all is involved. Thanks
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Ben<br /><br />1995 White/Black 3.4L<br />As far away from stock as possible<br /><a href=\"http://www.cardomain.com/member_pages/view_page.pl?page_id=288292\" target=\"_blank\">My Site!!!</a><br /><a href=\"http://www.redlinevsix.com\" target=\"_blank\">RedLineV6</a><br />Rebuild and 3.4 T70 Turbo is complete<br />Details to come.... -
You can go to any credit union and take out a personal loan. Most will only give like 5 grand though. -
depending on your credit history, some banks are more willing than others. some might want like 10-20% down to write the loan. In any case, I wouldnt tell them its for car parts. thats a horrible investment. tell them your concolidating or something.
oh, and they will give you a lot more than 5k. I got a personal loan just over $8k this spring at 4.25%. They would have given me quite a bit more, but thats all I needed. I also have a decent history with the loan agent.\'01 Mineral Grey SVT Cobra<br />-former F-body ownerComment
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I've said it before and I'll say it again.
If you have to take out a loan to afford car modifications, you should not be buying those car modifications.
Priorities in life, people, priorities.Comment
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Agreed. Never take out a loan for car parts. Where is a faster car going to get you in life? Create a savings account..build good credit,,buy a house with a garage..worry about a nice car later in life.Originally posted by Stefan:
If you have to take out a loan to afford car modifications, you should not be buying those car modifications.
Priorities in life, people, priorities.94 Camaro 3.4 A4 <br />T-Tops<br />In the process of an LS1 swap.Comment
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Never take a loan for making a car faster, never a good idea.Comment
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[img]graemlins/rock.gif[/img] [img]graemlins/rock.gif[/img] [img]graemlins/rock.gif[/img] [img]graemlins/rock.gif[/img] [img]graemlins/rock.gif[/img]Originally posted by Stefan:
I've said it before and I'll say it again.
If you have to take out a loan to afford car modifications, you should not be buying those car modifications.
Priorities in life, people, priorities.
Debt, unless absolutely necessary AND secured to something of equal-or-greater-value (ie car loan, mortgage, etc) is dangerous, stupid and a serious waste of money. Unsecured debt and negative equity SUCK!
I'm still paying for my mistakes whilst younger.
-Mike<b>Trucks</b> <br />\'05 Dodge 3500 Dually <i>Cummins Turbo Diesel</i><br />\'98 Dodge 2500 4x4 <i>360 V8 (Wife\'s)</i><br /><b>Toys</b><br />\'81 Chevy K10 <i>Stroker/Swampers/Custom Suspension/1-Tons/Beadlocks</i><br />\'99 Camaro Z28 <i>6 Spd, T-tops, Borla</i><br /><br /><b>Real trucks don\'t have spark plugs</b>Comment
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