A loan for a downpayment? i am trying to buy a car they are asking for a

i am trying to buy a car they are asking for a larger downpayment. is it possible to pocket out a loan fo rthe downpayment with another institution and still get hold of the auto loan. Do lenders see how many loans i hold out?

I hate to break it to you, but yes, anytime your credit is pulled they will see it. Most expected they will assume you cannot afford the car since you are attempting to clutch out another loan for the down payment. I would look for other ways to come up next to the money, or look for a cheaper automobile with smaller quantity of a down payment. Definitely DO NOT appropriate out another loan just to put down on a coup��.

trust me do the down costs cause later they will hassle you until you pay the loan past its sell-by date and if it's not on time trust me intrest can be a big B*

Answers: Yes lenders see how many loans you hold out.

I would suggest you go and secure a credit union (not a bank) and undo a checking account. Then apply for your vehicle loan at the credit union.

Much lower interest and they will work near you. Car dealers take home a TON of money from the high interest rates and down payments they win from people close to you.

Then you can go to ANY sports car dealer and construct your own deal. Not theirs.

Repeat after me, "the vehicle dealer is NOT my friend" ; )

Dont go in that.

It really is not worth the worry. Cars especially devalue to zilch in no time and you are still gone paying.

BTW : I had an S class Merc backside ended on my first year of ownership.They look good but sooooooo flowing to spoil it for you.

Yes, they will see it. You can filch out a loan, but likely it will be a complex money loan.

If they want you to buy the car discouraging enough they will work next to you. tell them you don't want to label a down payment and want everything worked into the make a note of that you have. When I bought my Mazda 6 that's how I did it...remunerated nothing down...not even TT&L. Your business is worth something to them and tolerate them know if they don't want to help you that you will embezzle your business elsewhere. And yes, they can see all the lines of credit you enjoy...on your credit report.