that you just walk in the dealer choose your car and sign up to pay for it mothly,,, or is there more to it then that......(THANKS!)
2007-02-26 02:11:19 · 6 answers · asked by roger c 2 in Cars & Transportation ➔ Buying & Selling
There's a little more to it. You need to negotiate the price with the dealer. They'll try to talk you into all sorts of extras. You need to decide between leasing and buying. You should test drive lots of cars and shop around to different dealerships. When you do decide on a car, you'll need to get loan approval. And too, once you decide on a car you want, you may want to check with your insurance company on what it will cost to insure that particular car.
Also Roger, I noticed from a previous question of your's that you just turned 16? Likely you don't even have credit established yet. You will almost certainly need a co-signer (a parent will do, but they will have to have decent credit in order to do so).
2007-02-26 02:20:53 · answer #1 · answered by Sunidaze 7 · 1⤊ 0⤋
Well first you have to determine if you are qualified to receive a car loan from a loan company. This is based on your income, credit score, etc. You may also have to put a down payment down on the vehicle as well. You may want to determine how much of a payment you can handle before you get to the dealership because they will give you anything that you qualify for. When and if they find a loan company that will approve your credit application, you need to review it for the interest rate, how much the loan will cost in the end, payment terms (how many months you have to pay), and warranty agreements. This is not something you should just jump into. If you have decent credit, shop around on your own to get the best interest rate and terms that will work with your budget.
Good Luck!
2007-02-26 02:17:33 · answer #2 · answered by ericka1031 3 · 1⤊ 0⤋
Mostly, sure.
But you have to QUALIFY for the loan-- bring 2 pay stubs with you. They will pull your credit report and tell you fi you qualify and what the apr would be.
You could also apply online somehwere FIRST-- somewhere like www.lendingtree.com or www.capitalone.com. You can say how much you'll need and if you are approved they actually send you a blank check to go get your car.
Usually you dont have a payment for 30-45 days.
Sometimes you have to put money down.
2007-02-26 06:12:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it certainly relies upon on the dealership you bypass to. i'm particular that maximum will settle for a credit card. The greater you place down, the fewer you may have for month-to-month money. With a $2,000 shrink it seems such as you're in basic terms getting began with having credit. in case you desire to artwork on getting a greater useful score and shrink, surely use the credit. yet do no longer pay the credit off suddenly. Make all the money on time and deliver in greater desirable than they require for a month-to-month fee.
2016-11-26 00:06:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Well they'll need proof of your income, run a credit check. If you have good enough credit they will tell you you need to provide proof of insurance coverage , come on down and pick it up. Buying a car is a simple procedure.
2007-02-26 02:16:23 · answer #5 · answered by EGOman 5 · 1⤊ 0⤋
well u gotta set up a down payment, determine to lease or buy, how you wanna finance, get all your property taxes and state taxes set up, schedual maintainence.
dont even go in until u get your insurance first.
2007-02-26 02:14:51 · answer #6 · answered by Anthony C 6 · 0⤊ 2⤋