I'm 18 and want to buy a car from a dealership, not a personal seller. Where do I start?

Question

I'm 18.
I have no credit.
I am a full-time student, part-time subway employee.
My parents *might* co-sign for me.

Answer 1

Why would you do that to your parents? You need a $2,500.00 beater that you saved and bought with CASH. A car note for a teen working part-time is insane. Time to start acting like an adult (you say you are one all the time), time to give mom and dad some relief....save some cash, you and your parents take some weekend drives through the country and find that '95 Blazer for sale in a front yard for $2,500.00. They are everywhere, it will take you anywhere you need to go for a few years and you will be starting life DEBT FREE.

Answer 2

I just bought a car from a dealership in Salt Lake City via eBay. (you don't have to use eBay to deal with them) They sell only low-mileage, top quality used autos and can find any car you want. The prices are extremely reasonable. The name of the dealership is Salt Lake Imports. I checked them out with the Better Business Bureau & they were fine. The business is owned by all women and they were a pleasure to deal with. You can have the car shipped anywhere and they will even help you locate a shipper. I paid over $5,000 under Kelly Blue Book for a used Lexus. The car arrived last week (shipped to Oregon). We couldn't be more pleased. It looks and drives as though it were new when in fact it is 10 years old. For someone just getting going you can get a great deal on a very nice, reliable auto for less than half what a new car would cost. I financed through Capital One on the internet and got a very reasonable rate. You may need a parent to co-sign that loan, but if I were 18 I would give this company a good look. You won't get more bang for your dollars or be treated as well anywhere else. I have purchased many cars in my lifetime and this was the first time I actually enjoyed the transaction. Wish I'd know about them sooner. Their website is www.saltlakeimports.com
No, I do not work for them nor am I related to anyone there. If you call them ask for Chris (lady) or Johnna. They were both wonderful to work with. I wish someone had told me about them when I was your age and in your circumstances. Good luck.

A Happy buyer in Oregon

Answer 3

you are better off not having credit. credit is bills and that payment comes around very quickly. you can find a nice car in the papers or on the internet. you lose a lot of money when you buy from dealers. if you buy at a dealer check your math at the end of the deal before you sign anything. you will find that they are cheating you. they are there to get rich. you will be just as happy buying from an individual, i have done it many times. i worked for dealers many years but now retired. i always buy cars from the paper but i choose the ones that look good and have been cared for. i have never been sorry. the dealer will charge you 5000 dollars for a car that you can find for 1000dollars. so, would you prefer paying 1000 or 5000 for the same car.

Answer 4

If you're 18 and have a part time job, no credit history and no co signor, the only car you are buying is a "buy here-pay here" type vehicle unless you have 50% down payment.
Typically a buy here-pay here dealer sells you the car for what he owns it for, then any payments you make are profit.
Miss a payment and he repossesses the car and sells it again.

IF your parents have good credit and are willing to cosign, take one of them with you to the dealership with you when you go to look at vehicles.

Answer 5

1. Know what car you want to buy.
2. Check out value at KellyBluebook.com (if used car) or other magazine.
3. Shop around different dealers. Different dealers will offer different prices.
4. Pay $500 above factory cost. Use the take it or leave it deal.
5. Don't look desperate.

Answer 6

First figure out what car you want to buy, then find a dealer that has one. You definetley will need a cosigner if want to finance and start building credit.
Thats where you start, but theres more to the whole buying experience. Good luck and good luck with mom and dad

Answer 7

with no credit you need to build up your credit first or get your parents to agree to co-sign and then take them shopping with you. Good luck

Answer 8

first thing is take someone with you that know about cars,to check them out for you.and if your parents will co-sign for you,if you dont pay for it ,then they will have to.

Answer 9

going to dealers and see what type of deals and cars they have