Financing a car?

Question

I want to finance a 35-37 thousand dollar car. I have saved $4,200. I have low credit. Is there any way I can finance it? Without a co signer?

Answer 1

worldscolide

Guru

Doubtful. Stick with a used car until you can get your credit right. As of right now, my credit and my reputation with my bank gets me no money down loans that sit at less than 1% interest. Be patient.

nikooo0ooo

22 d
I mean it doesn't have to be new, I've never "bought" a car from a dealership. I've bought them off like OfferUp and craigslist mainly. So I have no experience. My credit is pretty much non existent aside from this phone I owed like 480 dollars on years ago. So my only credit is bad credit. I don't really care what car it is, id prefer something newer like 2010 and up. I just want to deliver pizza door dash Uber and Lyft in it to make extra cash, figured it'll pay for itself and then some and I won't have to drive my pile of trash annoying garbage can anymore
worldscolide

22 d
Thats why i suggested you get a used car. My first car i bought off of a loan was used, i paid 50% down and paid a high interest rate, But it was reported to my credit, It drastically improved my credit. Something else to consider is getting a secured credit card from Capital one, 24% interest, 500 dollar limit, But it graduates, and they return your deposit after a year of responsible use. Also work with your bank to improve your credit. I have a credit union that helped me a lot.

Most importantly be patient.

Oh and a 2010 Ford focus (very reliable) runs on average 4 to 6k.. my wife has been driving one since it was new.

Answer 2

nikooo0ooo

I mean it doesn't have to be new, I've never "bought" a car from a dealership. I've bought them off like OfferUp and craigslist mainly. So I have no experience. My credit is pretty much non existent aside from this phone I owed like 480 dollars on years ago. So my only credit is bad credit. I don't really care what car it is, id prefer something newer like 2010 and up. I just want to deliver pizza door dash Uber and Lyft in it to make extra cash, figured it'll pay for itself and then some and I won't have to drive my pile of trash annoying garbage can anymore

Answer 3

worldscolide

Thats why i suggested you get a used car. My first car i bought off of a loan was used, i paid 50% down and paid a high interest rate, But it was reported to my credit, It drastically improved my credit. Something else to consider is getting a secured credit card from Capital one, 24% interest, 500 dollar limit, But it graduates, and they return your deposit after a year of responsible use. Also work with your bank to improve your credit. I have a credit union that helped me a lot.

Most importantly be patient.

Oh and a 2010 Ford focus (very reliable) runs on average 4 to 6k.. my wife has been driving one since it was new.

Answer 4

Wewladdy

Xper 5

Are you retarded or do you really think this is a good idea?

nikooo0ooo

22 d
Uh wrongo you are. My brother offered to co sign on it. And so did my father. I know you're probably small minded and see bad credit and immediately think DEBT, but wrongo you are again. The only bad credit I have is a phone I never paid off years and years ago, it also happens to be pretty much my only reported credit. If I want something, I typically save for it and buy it. I have no credit cards etc. I've held the same job for nearly 5 years and live on my own in my own home (I bought) after saving 4 years for it. And I'm not trying to save for years and years to buy something like a vehicle. The vehicles gonna be used to make me money, Uber door dash Lyft delivering pizza when I'm not working my regular job. So it'll pay for itself and then some. So judge me some more "anonymous"
Wewladdy

22 d
You do realize you can get a car that's virtually the same but a bit older for less than half the price, right?

Answer 5

nikooo0ooo

Uh wrongo you are. My brother offered to co sign on it. And so did my father. I know you're probably small minded and see bad credit and immediately think DEBT, but wrongo you are again. The only bad credit I have is a phone I never paid off years and years ago, it also happens to be pretty much my only reported credit. If I want something, I typically save for it and buy it. I have no credit cards etc. I've held the same job for nearly 5 years and live on my own in my own home (I bought) after saving 4 years for it. And I'm not trying to save for years and years to buy something like a vehicle. The vehicles gonna be used to make me money, Uber door dash Lyft delivering pizza when I'm not working my regular job. So it'll pay for itself and then some. So judge me some more "anonymous"

Answer 6

Wewladdy

You do realize you can get a car that's virtually the same but a bit older for less than half the price, right?

Answer 7

Anonymous

Doubt it. Doubt anyone would co sign it either if even asked.

Answer 8

tHISpLACEiSbONKERZ

Xper 7

Best of luck with being always poor and always in debt just so you can give your ego a boost. Superb idea.

nikooo0ooo

23 d
I'm not poor? And the only debt I've ever had is not fully paying off a cellphone. And I'm not looking for a "cool car" a Toyota Camry isn't exactly and ego boost idiot.
tHISpLACEiSbONKERZ

23 d
Why the hell would you pay 30k for a toyota camry? Or any other car? Anything in the 5-10k range is more than enough.
tHISpLACEiSbONKERZ

23 d
Buying close to new cars is a waste of money, they devaluate faster than anything, by the time you pay off that 35k car it will be worth 15 at most.
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nikooo0ooo

23 d
I'm gonna Uber in it and Lyft and door dash. Tired of used shitboxes like the one I have no that breaks every other month

Answer 9

nikooo0ooo

I'm not poor? And the only debt I've ever had is not fully paying off a cellphone. And I'm not looking for a "cool car" a Toyota Camry isn't exactly and ego boost idiot.

Answer 10

tHISpLACEiSbONKERZ

Why the hell would you pay 30k for a toyota camry? Or any other car? Anything in the 5-10k range is more than enough.

Answer 11

tHISpLACEiSbONKERZ

Buying close to new cars is a waste of money, they devaluate faster than anything, by the time you pay off that 35k car it will be worth 15 at most.

Answer 12

nikooo0ooo

I'm gonna Uber in it and Lyft and door dash. Tired of used shitboxes like the one I have no that breaks every other month

Answer 13

Redstang88 | 183 opinions shared on Shopping & Gifts topic.

Master

With an 8% down payment and bad credit, no

nikooo0ooo

23 d
How much do they want down, like half?
Redstang88

23 d
Well it depends, with good credit and some assets dealers will offer 0 down
With bad credit and nothing to back the loan they probably just won’t approve it
nikooo0ooo

22 d
Well, I don't know what my credit is, cause when I checked, It told me there's nothing to report. The only real credit I have is bad credit from when I didn't pay a phone off in 2016 or 2017. So I'm guessing my credit is low 500 maybe 400
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Redstang88

22 d
Well yeah, if your only credit history is bad nobody is gonna approve anything
nikooo0ooo

22 d
can't be hard to fix though. Get a secured card and just buy everything on that for awhile right?
nikooo0ooo

22 d
I did lie to these people tho, I wanted a cool car, not for "my ego" but because it's my dream car and I'm getting impatient. Been working hard for awhile and only managed to save little over 4 grand. Think I'm just gonna wait on it.
Redstang88

22 d
Yeah you definitely can fix it, just takes a bit of time
I totally get that, but unfortunately dreams don’t always work out right away

Answer 14

nikooo0ooo

How much do they want down, like half?

Answer 15

Redstang88

Well it depends, with good credit and some assets dealers will offer 0 down
With bad credit and nothing to back the loan they probably just won’t approve it

Answer 16

nikooo0ooo

Well, I don't know what my credit is, cause when I checked, It told me there's nothing to report. The only real credit I have is bad credit from when I didn't pay a phone off in 2016 or 2017. So I'm guessing my credit is low 500 maybe 400

Answer 17

Redstang88

Well yeah, if your only credit history is bad nobody is gonna approve anything

Answer 18

nikooo0ooo

can't be hard to fix though. Get a secured card and just buy everything on that for awhile right?

Answer 19

nikooo0ooo

I did lie to these people tho, I wanted a cool car, not for "my ego" but because it's my dream car and I'm getting impatient. Been working hard for awhile and only managed to save little over 4 grand. Think I'm just gonna wait on it.

Answer 20

Redstang88

Yeah you definitely can fix it, just takes a bit of time
I totally get that, but unfortunately dreams don’t always work out right away

Answer 21

In_Trance | 50 opinions shared on Shopping & Gifts topic.

Master

You have to ask the lender

nikooo0ooo

22 d
I'm mildly retarded but what lender? The car dealership? I'm not gonna get a loan I just want to give them what I saved.
In_Trance

22 d
If you're financing, you're getting a loan. You can ask whoever you want. Dealers don't finance; they use a 3rd party
nikooo0ooo

22 d
So I need buy here pay here then