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I wnat to buy a car, one from a dealer so i can get a loan, but do i need a co-signer, and does my co-singer need to have good credit or a little credit, is there anything i can to, to get the car myself?

2007-10-21 18:21:16 · 4 answers · asked by skunk_wink 1 in Cars & Transportation Buying & Selling

4 answers

get a job and buy car for $1000 something like I have 1995 Pontiac Grand AM
by the way iam 17 and i payed cash and there only my name on the title, work save money u can wait a little longer and pay cash
also if you don't really trust your co-signer (and you shouldn't if you are) don't ask them cuz you a minor and that 18 or older cosigner might want your car which you will pay for, he/she can easily take it from you

2007-10-21 18:32:11 · answer #1 · answered by Anonymous · 1 0

Are you involving your parents? I would guess not, so overall this sounds like a bad idea. Sorry to ruin the party, but this is the truth and I would guess you really know this also.
1. At 17 you should not be entering into a loan contract.
2. Do NOT engage in co-signer agreements, even if you think you are getting the benefit. They NEVER turn out good.
3. Can you afford insurance and repairs.
4. Based on this situation most dealers will fleece you like spring sheep. If you get a weak credit cosigner you will over pay for a junky car with a very high rate, then they will tack on fee on top of fee. So you will pay forever or default and have ruined credit for years.
5. Why not save up and pay cash? That way you can buy a car in a private sale, where usually you can get a much better deal.

2007-10-22 01:43:26 · answer #2 · answered by Gatsby216 7 · 0 0

your best bet is to have a co-signer and they should have good credit. try going through your bank first because their interest rates are usually lower than if you get the loan through the dealership. Good luck!

2007-10-22 01:30:27 · answer #3 · answered by Cardinals Rock! 2 · 0 0

You cannot finance a car yourself..You have to be 18 y/o in order to enter into a contract..If you get it you will have to put it in an adults name.

2007-10-22 02:06:55 · answer #4 · answered by Harley-HST 4 · 0 0

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