My car is totaled completely and need a new one by friday to get to work, I already took off tomorrow. The problem is I am 18 years old with no credit history. Also, I have a monday through friday job that gives me 250 a week but it is not a "typical" one. I am a nanny for two different families but they are both very stable. Do you think they will allow me to finance or not because of these circumstances?? Thanks!
2007-09-26 14:51:03 · 5 answers · asked by lone_star_lass 2 in Business & Finance ➔ Personal Finance
At your age I wouldn't bother about finance especially if your only earning $250 a week. Is there a chance you can take public transport or ride bicycle It would be far cheaper in the long run or even buy somthing with the savings you have got in the bank and besides cars lose too much money.
2007-09-26 18:41:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
it depends on how much do you need for the new car purchase.
You can either appoach your own bank or finance company. If you have a good banking history and account operation, try your own bank first. and is your income direct credit or deposit into your account in a regular basis? if yes, I think they might be able to arrange that for you.
If not, you might need the two families put something in writing regards to your income and also your working hr.
all of those information will help on your application.
Also, you might consider to use your car as a security which reduce the risk to the bank.
2007-09-29 09:22:23 · answer #2 · answered by chloess 2 · 0⤊ 0⤋
Is there anyway you can borrow a car for a few days? Does either family that you support have an extra car? Then go visit several credit unions and see if they can give you a loan. Or will one of your employers give you a loan?
2007-09-26 22:04:49 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
may be you need a cosigner.
I found interesting information about your answer & THE BEST car loans options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/car-loans.html
Good luck!
2007-09-27 13:05:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
YES,BUT THEY ARE GOING TO GOUGE YOU ON THE INTEREST RATE.DO YOU HAVE SOMEONE WHO CAN COSIGN?
2007-09-26 21:59:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋