How should I go about purchasing a car under these conditions?

Question

I don't have a job with a weekly hour-average, which has left me barely working and unable to save up for a car. I don't have credit, I'm only 19, and I can't find a new job unless I have a car to get there. What is the best way to go about getting a car through loans/credit cards?

Answer 1

DON'T buy a car on credit if you don't have a stable job to pay for it. All you are asking for is trouble.

There must be some way to get to work until you have enough to buy the car.

Answer 2

Everyday people swamp into the dealerships all across the US, looking at new or pre owned vehicles. Getting an auto loan can be challenging, but there are different options depending on your credit score and credit history. Bad credit shouldn't stop anyone from getting a car loan, it may be obtainable to even the worst situations. But, be prepared you may have to provide such things as: proof of residence, most recent pay check stubs, and maybe even references. Bad credit car loans are harder to get than good credit car loans, it just depends on the situation, also a huge factor that plays a role in a car loan is money down. If one puts a good amount of money down toward a car (a couple thousand) is going to increase the your chances of getting approved.

The amount of money down that you put towards your new car loan will not only make your application look better but it will also lower the risk for the lender. Bad credit or no credit is a risk for the lenders because of the previous credit history, it affects the way that they look at it. If one is putting no money down and looking to purchase a car even if it's inexpensive, it will be pretty hard to accomplish. This is because of the previous credit history, and the lender doesn't have any collateral. Also with a large amount of money down this will help get the attention of more lenders, getting you competitive rates, and a better chance to get approved for your new car. Read more about it at: http://www.credit-card-gallery.com/article/188,Getting_a_Bad_Credit_or_No_Credit_Auto_Loan

Answer 3

STOP.
You are about to embark on a really crappy trip. Beginning life with huge credit card debt or car payments is a lousy way to live. If there is ANY way to avoid car debt please do so. Even if you have to bum rides or borrow a car for two months, do it. Two thousand dollars will buy you a really ugly but super dependable car. Drive it for a year while you pile up enough cash so you can move up to a better vehicle. Keep this up for the REST OF YOUR LIFE. Sooner than you can imagine you will be driving a really nice car and NO payments. Who cares what your in-debt, broke friends think?
(do I sound like your dad?)

Answer 4

That's pretty difficult, I'd never recommend buying a first car on credit. Are you sure you need a car to get to work? Is there anything local? Even 2 small jobs are better than being in hoc on a junker.

Answer 5

I'd suggest getting a bank loan...But you might need to sign up as a dependent. Another way is to get a bus pass for the new job.

Answer 6

Do you have $500-$1000? Then you can buy a used one. Look for late 80s Hondas because they are reliable and cheap. I once bought a '88 Accord with 200k miles for $900 and it went a whole year without a problem before I sold it.

Look for it at:

http://www.craigslist.com
http://www.autotrader.com
http://www.cars.com
http://www.pennysaverusa.com

Answer 7

i was in your boat once. i walked to work and after about a month i had enough money for a down payment. you need to find a job close to your home or be able to get a ride from someone you know. good luck