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New owner in need of assistance

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Old 07-22-2014, 05:42 AM
  #161  
Unicus
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Join Date: Jul 2014
Location: Carlisle, PA
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Originally Posted by Syner
I stand corrected on income.
Ty
Originally Posted by frocker93
Wouldn't your mother be able to give you a good loan?
Yes and no. She's co-signed on my original loan and the interest was very low for my age bracket, 0 history and the fact that it's a z.

Originally Posted by frocker93
That's before our wonderful a American taxes. He won't see about 1/3 of that amount. So 1200ish in taxes.
BAS/BAH isn't taxed, those are the numbers that I'll get. But income? RIP.

Originally Posted by travlee9374
i wouldnt think a bank would be able to give a family member a loan... almost like a conflict of interest
It all depends on your ties. Managers deal nothing with loans, that's the financial services/loan departments which are typically attached to hq and oversee very high numbers of branches. That's who the attendants call and send information to when someone applies for a loan that's not automatically accepted by the system.
Originally Posted by frocker93
It's done plenty with kids I went to school with. First year out of high school they have a 40-50k truck while in college because mommy or daddy got them like a 1% loan.
If they have the right ties, it's possible. But more than likely most of them have cosigners with nice credit. I mean this IS America though, so who even knows.
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