UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: gmendoza Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308663  
Subject: CREDIT-GETTING A CAR LOAN!!! Date: 4/19/2001 1:23 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My sister is leasing a car right now and her lease is up in August. I am looking to apply for a car loan sometime in August and buy the car once she is ready to turn it in to the dealer (she is not looking to keep it). I already contacted the bank she is leasing from now and they said that I would be able to do this if I get a loan. I am thinking of going through my credit union. I am also going to be buying a property together with a friend of mine within the next month (we are looking at this as an investment). We are already going through the "qualifying stages" and should know shortly. We are going to be renting this property out and having a positive cash flow of about $300 per month (we are not touching this of course). The mortgage will be about $1700 per month with rent totalling about $2000 per month. My question is this one, will having this property on my credit affect my chances of getting a car loan in August? Will the fact that we can show proof of rent coming in help me in any way? Hurt me? Please help. Thanks in advance!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement