I’m a person aged around mid-twenties, living in Canada. I want to purchase a used or second hand car ranged around at
$ 7000- $ 10,000, but my salary is only 8 per hour. Is it possible for me to get car loan from bank.
I don’t have any expenses like rent as I live at my family home neither do I have any student loan to be paid.

How much downpayment would I have to make and will there be other costs while buying a car.

Also, I wanna know how to check a credit score. I usually pay my credit card bill on time..does it mean I have a good credit score?

Please help.
Thanks

Ruben

2 Responses to “Auto-financing for low income person?”

1. kemperk on February 14th, 2010 3:52 pm

   Gina

   this is a real estate category. for cars, plz visit that category.
   Thanks!

2. kaydid on February 15th, 2010 10:16 am

   Terry

   i don’t know about canada but i was making 8.00 and they told me i could only afford 7000.00 but it might be more and i had to put 2000.00 down for 3 years the payment was 250.00 a month

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