If I was to put half the money down on the car and have good credit score, and am getting a job soon? Is it possible
2007-01-19 00:22:59 · 13 answers · asked by xoxo 6 in Business & Finance ➔ Credit
You will probably have to show that you have means of making a payment, and if you don't have a job at time of purchase, you will probably have to have a co-signer- meaning that if you don't pay, they will be financially responsible- but if this happens, the co-signer can come back and sue you. Wheter or not you have a co-signer, make sure you pay.
2007-01-19 00:38:09 · answer #1 · answered by cnuswte 4 · 0⤊ 0⤋
First go to www.kbb.com and check out the worth of the car. Click on used car values, type in all the info they ask for like year, make, model, milage, and condition. Once you know what this car is worth, you'll find yourself with more barganing power. It's very likely the dealer is asking way more than the car is worth, so you might be able to get him to come down on the price, which of course will help you.
Of course with no real job right now he may not be willing to bend any on the price, but it doesn't hurt to ask. Do not agree to a high interest rate, that will kill you.
Offer him a set amount of money each month such as $100.00 until you get a job, after which offer him what you can truly afford.
If would be a good idea to have a co-signer if at all possible, references would be great as well.
If this is a small town car dealer your chances are pretty good they will work with you, if it is not then I would say be prepared for a not at this time answer.
But good luck to you either way.
2007-01-19 00:42:58 · answer #2 · answered by Aunt Henny Penny 5 · 0⤊ 0⤋
Part of getting a loan is being able to repay the debt. At this point in time, there is not a source of repayment. That could challenge you ability to get auto financing.
However, some auto finance companies only look at credit scores and don't really care what is on the application.
I would not want to buy a car unless I knew that I had a way to pay the loan.
2007-01-19 00:57:50 · answer #3 · answered by Culture Warrior 4 · 0⤊ 0⤋
The mortgage can not be on your call. Your sister or mum and dad might could finance the motor vehicle of their call. you may't sign a settlement, you're too youthful. Your call can not be on the settlement. you may't cope with to pay for a sparkling automobile yet you should purchase a great used automobile. save the cost variety under $10,000. it is all you may cope with to pay for.
2016-12-16 08:12:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
How do you know you're getting a job soon? Do you have something definite lined up or are you just hoping? My advice is don't get the car unless you have steady income already. You could be asking for trouble otherwise.
2007-01-19 00:50:30 · answer #5 · answered by MaknMeCrzy 2 · 0⤊ 0⤋
Yes, check with te auto dealer.
2007-01-19 00:26:20 · answer #6 · answered by Dr Dee 7 · 0⤊ 0⤋
You will have to show some type of income...child support...welfare...something...or how do you expect to make the payments..
2007-01-19 00:30:46 · answer #7 · answered by Frann 4 · 0⤊ 0⤋
Yes, you can. also make sure you get a good interest rate.
2007-01-19 00:28:01 · answer #8 · answered by Iqbal 4 · 0⤊ 0⤋
Not likely.
You don't have a means of making payments.
tc
2007-01-19 00:27:25 · answer #9 · answered by timc_fla 5 · 0⤊ 0⤋
you might need a co signer
2007-01-19 00:32:51 · answer #10 · answered by rocknrandy77 2 · 0⤊ 0⤋