What is the lowest amount that can be financed on a 5 year car loan?

  • Thread starter Thread starter Michele_72
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Michele_72

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We are looking at buying a 2004 car with 40k miles on it. There has been a bankruptcy that has a voluntary repo on it. It has been discharged last year. We have been approved for the loan. We believe the dealership is trying to add money onto the vehicle to make a profit by saying there has to be a certain amount for the loan to go through. The car is listed for $8140 and they are trying to sell it to us for $9000. Trade in is owned out right. No negative equity added to loan. What is the lowest amount a bank will finance for a 2004 vehicle on a 5 year loan? Thanks :)
 
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