posted on Sep, 8 2005 @ 05:43 PM
I am a college student (Louisiana State University). I am 21 hours from home (new jersey) and really need a car. My father is offering me his Bronco
but, with gas prices the way they are, we could be looking at $60 to refill the tank.
What I would like to do is, since I'd probably be graduating with probably only about $8,000 in school loan debt, take out a loan that wouldn't need
to be repayed until graduation (like a student loan) but use that to buy or finance a car. I really need a job and without a car, it is kind of hard,
so I'm in a dilemma. I could take out a regular loan, but since I wouldn't have a job immediately, I worry about making the repayments on time.
Any "loopholes" in the system that could allow me to do this?