New Credit aka NO credit?

Question:
I am trying to establish my credit, i am young and have had the same 1st job for a year. I am in need of a new car and want to do it alone, with out a co-signer. What is the best way to get a loan that wont have a huge apr rate? Is it possible to get the financing, alone?

Answers:

What the cheapest you can buy a car brand new from the dealership?

Six years ago I was looking for two new cars (just moved to the US) and I had no credit, although I did have a decent salary. I got one car from a Chevy dealer, who granted me a loan with 13% interest (which I paid very quickly). I also went to a Saturn dealership, which had a 1.9% APR promotion. Saturn dealerships as a principle sell by sticker price, but they are sometimes willing to do other things to make a sale. I told them I will only buy if I get it with that promotion, and they granted it. So I guess you could try it - assuming you do have a good salary, and have the paycheck stubs to prove it. Also, don't do overboard. Buy a cheap car (Toyota Corolla, Honda Civic, Saturn Ion or something else) with one of the current low APR promotions, and limit yourself to no more than $15,000. It will be much easier that way.

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