Minimum Reqs for a Car Loan

When it’s about cars, the loop has grown too narrow. It seems for the many years you get to spend time reading car blogs and articles and keep track of trends, you run out of anything to learn. Luckily, this article stumbled right in front; most first timers in auto loans ask questions about the requirements for an auto loan or simply put: “How can I make a loan?”
Here is a list of minimum requirements, which means by the way that it’s generic; and it should not connote that a maximum requirement exists also.
You should be 18 years old. If not, your qualifier should be. Residential longevity is the last two locations you get to stay for more than 6 months. Your income should be at least $2,000 a month or $24,000 a year. Employment should be last 2 employers for more than 6 months. You should have no bankruptcies and must have a valid social security number.
There are also vehicle requirements. Mileage for one should be less than 100,000. It should not be older than 6 years old; you can’t bring in an old cranky granny of a car. Financing or refinancing should be more than $7,500. If there’s any concern you want to raise regarding the requirements, example you want to maximize it, then it won’t hurt to ring them up and ask.