Can a 18 year old wtih no credit get a auto loan?
Answers:
you can. Alot of dealerships have banks w/ a first time buyer program, but here are the requirements. The car has to be a 2004 or newer w/ less than 60k miles on it and no more than 10-12k. You will need a down payment, usually anywhere between 10% on up and the interrest rate will be high.
Avoid car lots that are BUY HERE PAY HERE. Alot of them offer crappy cars and if you pay one off thru them you still wont have any car credit for they will not report your payment history to the bureaus,so you will be in the same boat.BUT if the car breaks down and you miss a payment they will tag you w/ a repo on your credit and it will take ALOT of money to get financed for another one. Avoid places like DRIVETIME as well. They do report good credit to the credit bureaus but their cars are crappy high milage vehicles that will more than likely break down on you and you will be paying 5k over book for one.
Unfortunatly, the 18-24 age demographic has the highest repo rate and therefor alot of banks are weary of that group
yes
you need consign
http://e-loan-debt-consolidation.info...
You can, but what you may have to do is get a personal loan from a bank, rather than the dealership. Careful, everytime time and place that you apply for a loan goes on your credit report. Don't start getting "dinged" this early on in life.
If I can't then you can't. Good luck! >:(
You can get a loan on your own but you aren't going to like the interest rate. My advice is patience.
Are you serious? They can't wait for you. So long as you have no negative history and a job, you can get whatever you want! The credit vultures are circling, lining up for you. Just be smarter than they are----finance something you can really, really afford.
Don't let some double-knit, loser,car salesman, JO talk you into "The Special of the Week". That car was cheaper last week. Go to the Blue Book online, know what you are doing, make a decent offer to three or four places, and sit back and watch the a__holes bid for your business!
M
Yes, but it will be difficult. Have one of your parents or family members co-sign the car loan with you. Good luck.
one of those crappy buy here pay here lots where you never get what you pay for so get a good reliable car for cheap and save your money.its hard but grow young and you will be having more fun later
There are companies out there that will give you a car loan with no credit, but you will need some sort of down payment.
I am a private lender Mrs.Brenett Jackie,we do have some branches around the world,I give out loan to Business Men and women who are into Business transaction, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are really interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 5,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transferred to you. There is one Question I have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should need more loan like $10,000,000m I can give only if you are one of these categories:
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of a company
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. Hope to here from you soon.
for more you have to fill out the following informations:
Name___________
Country________
Address________
State__________
City___________
Zip Code_______
Amount Needed As loan______________
Phone Number_________
Occupation___________
Thanks
Mrs.Brenett Jackie
Email:brenett_easyloan@yahoo.c...
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