Can I get a student loan to buy a new vehicle?
Posted by StudentLoan on July 31st, 2010 | 5 comments
September we will be starting my second year in college. It’s about the 40 mile turn outing each day. Unfortunately my categorical mode of travel gets reduction than 15mpg. Is there any approach to get the tyro loan to buy the some-more fuel fit automobile or motorcycle?
Comments
nope, sorry they wont let you.
my friend bought his new honda civic coupe with a student loan. you could take out the loan to buy a car. just do it with a bank, not through the school.
I doubt that would go over very well, and besides the interest rate could be really high. Try asking banks and see if they have any deals on cars with higher MPGs. My bank had a super low interest rate for cars that got over (something like) 29 city. And I was in the market for a car with better fuel efficiency so it worked out.
colleges.mywebcommunity.org – it provides some tips about applying to US federal and state grants for college students.
hi
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