Im 19 with like no credit...I want a car loan...anyknow kno a good side that is nice to the younger folk and gives them a chance? Thanks in advance Im trying lending tree and capital one but Im thinkin theyl'l say no so if anyone aroundmy age has had experience in trying to get a loan and got one can ya tell me where thanks
Never known anyone to "want" a car loan. Maybe the same people that "want" house payments, or "want" quadruple bypass surgery. I dunno.
I had 2 cars loans in the past and I don't want, nay, will not have anymore.
My advise, save up and pay cash. But if you really want the car now, at least save up a healthy down payment. And like said before, go with a Credit Union.
Don't be fooled into thinking that you have to have credit.
When i was trying to build my credit i applyed and got approved for a few credit cards, they all had low credit lines but i payed them every month. Id put all kinds of little crap on them and payed them monthly after about two years my credit score was threw the roof and i could get financed for alot of stuff i could never afford lol.. DIT id recomend trying that method. you will get a crappy line of credit at first but it really helps build your credit so you can get a nice low APR loan on a car or house or whatever.. Start off with capitolone they will approve just about anyone. apply for one of the promos they always run 1 year 0 intrest blabla..
Last edited by VegasTrep02; 11-15-2006 at 06:36 AM.
I recommend not going with credit.
Can't say I haven't done it before but save, save and save. You dollar will go farther.
I own nothing on the 6 vehicles I have now but I dream about something new and nice often.
I agree with vegas trep, get a credit card or two, buy lots of little shit on em and pay them off... instant credit.... I'm only 20 and have only had one credit card, never went over and always paid, on my last credit report I had a 756.,... I'd say that's a decent score for somebody with only one card
if you need a car loan, go to a credit union, join, and try to get a loan like 2 months after or so. That's what I did at 18, and I was in my car the day after i picked my trep out. they're generally flexible...for example, i pay $85/month on a 2500 loan. Paying so little a month makes it affordable, but remember, the interest rates are higher for us younger people :(