auto loan rates

May 14, 2010

In this economic turmoil, a 19 year old getting an auto loan?

Roxer asked:


Well i am planning on getting my motorcycle addition to my license and right now am saving up to buy a sport bike. I am working 2 jobs and am a full-time college student. I plan on spending around $7000. If I save up $2000 as a down, what are the chances my bank (HSBC) would be willing to give me a loan to cover the rest? would I be better going to the UAW credit union (which i am part of) to get one? What would increase my chances of getting a good loan with a good rate?

I plan on doing this all around May 2009…
I am asking this because of this recession and how this will affect me…as i am not sure how it does…
Wow that was horrible English, I’m sorry.

Katherine

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