Can anyone give pointers on buying a car?

Question

I have never bought a car. I have no credit and I'm a full-time student. I would have to get a loan and get a co-signer since I have no credit. My dad took my car so I have no way to get around and my University is in afairly big city in the South. Taxi's are rare so public transportation is out. My boyfriend got scammed when he bought his car and I don't want that to happen to me. Someone help me please. I want another Mustang. Can anyone please tell me what to do.

Answer 1

You need to know only 1 thing.....Stay away from G.M!!!!!!!!!!!!!!!Buy a FORD

Answer 2

Google the car that you want and do some price comparison research. Then, visit 4 local dealerships in your area to see what price they are asking for. Then, go home and think about the offers. Next, do some shopping online for car insurance. You can pick out 3 insurance and get a quote. You should also go to www.insweb.com and do some car insurance quote shopping there as well. Then, you are ready to visit one of the dealerships that you've recently visited.

Now, the fun part, you’ll need to do some negotiating on the car that you want. After you have negotiated a reasonable price for your car they will send you to get financing. Be careful when you meet the finance person, have he/she explained all the documents to you. But be careful when signing the document, at times when you tell them that you do not want a certain service/product that they are offering, they will slide it in the PILE of documents you will be singing and you might end up singing things by accident. You might want to check out a credit union bank too. They have the best car loan rates.

Have fun researching and negotiating, hopefully, you'll take with you someone who will help you in the process.

In reference of establishing credits, go to your bank and fill out a credit card application for a low line of credit. That's the best way to start.

Answer 3

Take someone with you to the dealership to check out the car. Obviously not your boyfriend as he' salready been scammed once. If you know a reputable mechanic, that would be a good choice. Don't get suckered in on a "super" deal. If you do, you'll probably end up getting what you paid for. Be ready to walk away if you aren't happy with the deal. That is your greatest edge over the sales people. There are a few mustangs out there so you don't have to buy the one in front of you when the sales person is pressuring you. Good luck.

Answer 4

Anyone claiming that a Ford is better than a GM or a Dodge, etc, is high on testosterone. They are ALL the same apples...

All American cars have one thing in common:planned obsolescence.

I recommend finding a used Honda/Toyota that is 2-3 years old, and let someone else take the massive depreciation. Your first car does not have to be something killer(unless you can afford the killer debt).

Answer 5

Check out MotorTrends.com and Caranddriver.com and consumerreports.com. Also, Yahoo has a great comparison tool for comparing autos at autos.yahoo.com. Check out things like warranty, gas mileage, price, safety ratings, to make sure you have a good idea what you really want before you buy. Be sure the interest rate is fair on your purchase and that any charges are explained, so they don't sell you some high priced add-on that you don't need.

Answer 6

#1 Always do your research before buying a car. Go to KKB.com to see the worth and Edmunds to see onther information.

#2 Try to find a deal at a dealership not an individual buyer.

#3 Always check the carfax, ask the dealership. It tells you if the car has had any major problems in its lifetime.

Good Luck.

Answer 7

I bought a 2002 Mustang Convertible for only $9,995 last year. Mint condition. Just take your time and have someone that knows cars with you.

Answer 8

Go to the dealer that's the only way you will find out, or go to a small dealer

Answer 9

Ask your parents for help! I am sure they will do the rite thing which is in your best interest!