Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Business & FinanceCredit · 1 month ago

i have a friend that wants to get a brand new car?

I have a friend that  wants to get a $17,000 car with $7,000  cash down! 

she owes $18,000  on her car now i think I'm not really sure???   she asking me But i dont know anything about cars!!! lol 

Update:

can She get approved  for a new car

2 Answers

Relevance
  • 1 month ago

    If your friend buys the new car...it will be worth $10,000 LESS 5 mins after she drives it off the lot.  ANYONE can get approved for a new car loan.  They have predatory financing practices  that see people like your friend coming from a mile away.

    She should use the $7,000 to PAY DOWN  the debt on the car she has....that way she will only owe $11,000.00 and that can be paid off in 2 years and she will have NO DEBT!!!

    Joana...if your friend buys that new car with the financing ... you have a complete IDIOT for a friend.

    Friends do not let friends make life destroying financial decisions.

  • 1 month ago

    Does she have a job?

    What is her income?

Still have questions? Get answers by asking now.