Question:
ive narowed it down to a toyota corrolla new ok heres the situation just turned 18 i have a driving "permit" i have a job 500 a month no co signer what are my options...thanks
Answers:
Well i will be vary honest with you! Your chances are slim to none. You are a first time buyer, possibly a ghost in the credit world, not enough income for a payment of any sort. You need to come up with at least $1400.00 per mo. gross income before you can Evan be considered with or without a co signer. And Evan then your payment probably be maxed out to only $240.00 per mo. time on the job is probably short also. advice is to find a used car cash and wait till more income is available to you. Plus go to the mall and apply for a sears card and spend about $70.00 and make a few payments to get into the credit system and then in about a year go for that new car.
Why kind and type of vehicle? Looking to buy....?
I believe you will need to have your licence first but...you might want to try a buy-here-pay-here lot.
They sometimes have cars for $50+/- a week.
But you also get what you pay for....
Vote: Civic Si Sedan or Coupe?
The other person was right about getting a Sears card, that is a good start. Credit is very difficult to get established, research your insurance too, that is likely to be $100 to $200 a month if you are only 18 years old. Once you get credit, take care of it, it is hard to get.
How do you sell a car without Title of Certification?
Your probably going to have to buy a car from the classified or some private seller. It doesn't look like you will have enough to pay for your monthly loan payment, insurance, gas, maintenance and still have money left.. Your looking at an insurance payment of $100 per month+fuel $200 a month if you drive daily. That don't leave too much money for the rest of the month especially if you need tires or maintenance. Most people you see driving nice new cars started out with a used car when they where 16,17,18. You might be able to get your parents or family to kick in a few bones to help you find a decent used car. There are deals out there if you know where to look and don't buy the first car you see. Tow yards get decent used cars on a lien when people can't afford to get them out. If the car had problems the tow yards usually fix them first before they put them out for sale.More Questions & Answers ...
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