Submitted by narcoyouth t3_10q8d30 in personalfinance
narcoyouth OP t1_j6p4pv1 wrote
Reply to comment by Interesting-Dish8894 in Buy a car loan vs 401k by narcoyouth
That’s the problem I’m facing. It’s been ten years since I’ve driven (I waited until I got sober didn’t want to get locked down or jail time) and the only way I can get a better job is to get a car and get the interlock Otherwise I’m stuck picking a job that’s within walking distance. Yes I can afford the installation and the monthly as I have a job I just need to get the car under my belt. Figured if I had a zero percent interest I could use my card and pay it off monthly. Because the dealership I went to has a minimum of 48 month loan at 6.9%. So I didn’t know if a 401k loan would work or a personal loan I could use? I tried going to my bank and credit union but the car couldn’t be older than five years. So what would you recommend to get a car loan for an older car? I can’t make more money without going to college or taking a different job and I can’t do any of that without a car as furthering my education the college is 45 min away
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