No one will lend more than the value of the car. Thus, if your purchase price is 2500 you will be lucky to even get that loan amount. Most places will not loan on a 2001 car. If you can get a loan for 2500, try for a two year note, that might make it around 130 a month. Remember too though you will have about 250 in taxes in TN that you have to pay within one month.

The problem is you won't get a $3,000 car loan on a $2,500. You would have to qualify for a personal, unsecured loan, which carries a much higher interest rate and is harder to get. More than likely, unless you do a buy here pay here purchase, you are looking at a $2,000 - $2,250 loan on the car through a bank or credit union. Borrowing $2,250 for 24 months at 6% (car loan) puts your payments at just about $100.

For how long, 2 years? .Depends on your interest rate, but somewhere around $150 a month, if anyone will even lend you $3000 on a $2500 purchase of a 14 year old car.

Unless you get a personal loan & not a car loan you will not get more than the purchase price of the car. Loan payments vary greatly on your interest rate & other terms. The loan officer handling your loan is the only one that can truly answer this.

Im trying to figure out how much monthly it would be if i bought a $2500 car and got a loan out for $3000. Also how many months it would be i would have to pay it off for the payment to be under $150 a month. Its a 2001 oldsmobile aurora. I notice that they might make me pay more monthly yhan $150 though. And i live in Tennessee if it matters.

Thanks