Question about a car loan? Please try to help?

Question:
Okay.. Im 18, I dont have a job currently. I have $40,000 in a trust fund, but can't get it out until your 18 and graduated from high school.. the problem is Im not graduated, I graduate in May, and its February. Is it possible to get a loan and pay it in May when I can get my money? Not a huge loan, only like $5,000-$10,000. I really need to know, thanks.

Answers:

What car should my mom buy??

The trust fund states that you MUST GRADUATE from high school (according to your statement).

My very loyal car is begging to retired. I'd like to have a used car not more than 2yrs. old and not at a cost

They will not be able to place a lien against your trust fund because if you don't graduate, you get no cash... thus.. dead-beat payer.

I live in Chicago, I need to buy a used car but I don't want to use my plates from my old car(ticket ) Help!

Just wait.

Is it true that the interest rate on a used car is always higher than the interest would be on a new one?

Or.. ask your parents to borrow against the trust fund.. They'll keep you in line better than any bank!!

What is a car?

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Are Cars Manufactured in Japan versus the US really better?

For that size of loan you will likely need collateral and/or a co-signer. Why is it imperative you need a car now...is it not possible to just wait 3 more months?

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California Auto Financing Laws?

Here's the problem... as you stated, you have no job, so how are you going to pay it back? You might be able to get the trust administrators to hold your trust as colatteral and borrow against it, but without an ability to pay it back, no major lender will approve you.

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