I've been looking into buying an older truck 25-30 year range that still is very clean. Before the prices skyrocket anymore. Looking to spend around $10-15K. I hate watching Mecum and seeing the cars my dad drove as a high schooler go for 40-80K. I would like to buy a truck before they do the same thing in 20 years.
The problem is I keep getting denied loans. I have $0 in bills. I make roughly 20K a year part time. I'll probably still live with my parents for the next year or so till I get a better paying job. I'll have my degree this Spring (have one class left). Yet they let me buy a brand new VW Jetta and I paid it off in 1.5 years. I have a 750 credit score. So I have zero doubts in my mind it would be paid off in just a years time.
Is it just impossible to get a loan for an older vehicle?
The problem is I keep getting denied loans. I have $0 in bills. I make roughly 20K a year part time. I'll probably still live with my parents for the next year or so till I get a better paying job. I'll have my degree this Spring (have one class left). Yet they let me buy a brand new VW Jetta and I paid it off in 1.5 years. I have a 750 credit score. So I have zero doubts in my mind it would be paid off in just a years time.
Is it just impossible to get a loan for an older vehicle?