Used cars are out the question.
Hey! So I'm 18 years old, and I need to a buy a car. My mother's car broke down, and we're car-less at the moment. I was looking at mustangs and challengers. I can afford a $1,000 down payment, and I can afford the monthly payment and insurance with my income.
The thing is, I have no credit at all & my mother's credit is absolute trash. How do you think this process will go?
• What do the dealerships look at in order to approve you?
• Can I even get a car? Dodge or Ford houses.
• Should I apply for a car loan, or is there too much risk? Am I even able?
I'm responsible with my money and would make payments on time, even if I lost my job I could dip into my savings for awhile.
• If I did get a loan, what would be the process on that?
• If anyone can recommend reliable cars. Of course I care about the aesthetics but I'd choose reliability over looks any day.
Thanks!
Read more: Buying my first car? Questions?
