i need a car.. and i want to finance it.. but i don't work.. i am in college.. the only money i get is $1100 a month from my parents.. will i still be able to get a car if i don't put a down payment and don't have a job? i pay off my credit card all the time.. but am worried if they will let me finance a car or not.
2007-02-20 05:34:27 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
do i need a co signer or can i do it myself..
2007-02-20 05:42:43 · update #1
YOu can if you get someone to co-sign the loan with you ( a responsible party).
2007-02-20 05:38:13 · answer #1 · answered by JeffyB 7 · 0⤊ 0⤋
its depending on the bank whos lending you the money, if you have credit cards in your name, and maintain a good status then most likely you will be able to finance. A down payment always helps, its shows the lender your not just asknig for money but willing to put out something.
2007-02-20 06:23:22 · answer #2 · answered by jonnn 1 · 0⤊ 0⤋
You will not get approved for a loan. You have no provable income coming in. The only way you will get approved is if you have a co-signer!
2007-02-20 05:44:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
many places have a first time buyers program with no down payment they may ask that you have a co-signer
2007-02-20 05:38:42 · answer #4 · answered by drackslair 2 · 0⤊ 1⤋
your credit is your income but you can always co sign it works the same or buy a used car cash that's only temporary
2007-02-20 05:39:00 · answer #5 · answered by anibal t 1 · 0⤊ 1⤋
Depends on who you get to cosign, usually its 'no job no car', i used to work at a dealership and i would follow that motto. If i were you i would get your parents to cosign. For them its more trust.
Good Luck
2007-02-20 06:09:40 · answer #6 · answered by A 3 · 0⤊ 0⤋
you could try those buy here pay here car dealers. can you get one of your parents to co-sign a loan for you.
2007-02-20 05:38:27 · answer #7 · answered by nj2pa2nc 7 · 0⤊ 1⤋