Auto Finance for no credit buyers?
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Im 18 and I have no credit and about $980 cash .. im looking for a car .. ive only been at my job for a month in a half. I earn about $1400 a month and most places I know that finance require you to work around 6+ months at your current job. Does anybody know any loan sites or similar that helps finance people disregarding how many months at your job you've been??
if not that does anybody know a dealership that does in house financing for my situation? Im in the virginia beach area
Auto Finance for no credit buyers?You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-lo...
Auto Finance for no credit buyers?If you can it would be better to wait until you have the job for 6 mo. and more money saved for a down pmt. Otherwise you are going to have a HUGE interest rate.
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