Im a 22 yr old guy, about to purchase a new car, ive had the same job for over 3 yrs now, i have 2 credit cards that i always have paid on time and there paid off completely, and im gonna put $9,000 down on the car (which is $15,000). I was wondering if im gonna need a cosigner at all?
2007-05-29 20:44:54 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
No you will probably not need a cosigner. You are really not talking about a big payment here at all. If you do it for five years, you are going to be around $200 per month depending on the interest rate. A dealer may not give you the best finacing deals though. I would shop around for auto loans before you go. Call credit unions, banks you do business with, and even the banks that hold your credit cards. If you have a good offer for a loan when you walk in the door, you can always give the dealer a chance to beat it.
2007-05-30 01:26:46 · answer #1 · answered by Jay P 7 · 0⤊ 1⤋
The chances are most likely not. Depending on the value of your credit cards and the type of credit those have given you and how well they hold up you should be fine with everything that you have to take that car right out of the lot. Good Luck!
2007-05-30 03:55:45 · answer #2 · answered by krameropel 2 · 0⤊ 0⤋
no actually
but dealer is smart,sometimes they trick u
they give you so many reason to put you on hole.i suggest better you ask them how much 4 payment if down payment $2000 (start from that)and after you got the answer increase the down payment to $3000 so on.
and dont easy to get satisfied,if you wanna buy car just carefull or they put you in hole of credit
2007-05-30 03:54:04 · answer #3 · answered by 0nc0m 2 · 0⤊ 2⤋