How can I purchase my first car? I’m a recent college grad with bad credit low-income?
August 17th, 2010 | 
Author: Kelandranessifa asked:
I’m a 23 year old recent college grad. I just recieved my driver’s license and would like to finally get a new or used car (I’ve been relying on public transportation to get me around). The only problem is, I have very bad credit and make only $700/month with no savings left over each month.
I really need a car by the end of this year. When I get to the point when I can get a car, how much should I have saved up (the average) to get my first car? Given my poor credit and low income, how can I afford/pay for the car (payment plans, financing, leasing, no credit check auto loans, insurance, gas costs, etc.)? What other paperwork, tips, tricks, buying info, etc. should I know?
I really appreciate your help! I know nothing about the process and requirements for buying my first car.
bad credit car loan
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bad credit car loan
It comes down to : if you don’t have the money, then you will not be able to get a vehicle….a decent vehicle will be at least $ 5000, not including insurance, fuel, maintenance, etc. You may want to look into a scooter if the weather in your area is good enough to ride one most of the year. Sorry to bare bad news, but that’s the facts :[
bad credit car loan
It does not even sound like you can afford a car? How are you expecting to pay for it? From the sounds of it, you will need to have a co-signer to have a shot. Even then, I have no idea how you are going to afford the monthly payments. Having a car is a benefit to those who can afford it, not an entitlement. Lastly, what major did you waste your time and money on to only have a $700 a month job? When I graduated college, I made that much money in about 3 days!!
bad credit car loan
It should be 4-door, 4-cyls, not sporty. I would prefer Honda or Toyota… First time drivers usually have much more expensive car insurance, and it depends from car. You should compare insurance rates while choosing the car – for example here – carinsurance.deep-ice.com
bad credit car loan
Hello, I am Ruth Ben I live in Hereford Texas in US with my son and daughter David and Emily,my husband died a year ago leaving me and the kids lonely,I am so much in short oif cash to pay my bills so I needed to apply for loan online I was scam the sum of 2000usd and I decide not to involve myself with loan online again,but I a friend of mine from Canada introduce me to Mr Erivan Jonker I apply for loan and I was given a loan to pay my bills.So if you are in need you can contact him via email (erivanjonkerfirm_lender@yahoo.com) and you will get it without any delay.Thanks and wish you the best of luck
bad credit car loan
has a list of safe online loan providers, even if your credit is poor.