If i purchase/finance a car what are the requirements? Im 24 years old?
I have been working for 9 months now.
Public Comments
- you,ll probably need a co-signer ,and by law you will have to carry full coverage insurance on it,its going to be a little hard to get a new one with just 9 months of work from one job,they usually require at least one year,but it will just make the interest rate a little higher for now,that's about it,though,its real easy to get in debt,just make sure you can pay the payments on it,good luck with it.
- You have to have a steady job and good income you will need to show proof of job and proof of residency and proof of a bill in your name and with your address. you will need to put a down payment normally about 1500 to 2000 and make 200- 400 dollar payments a month depending on what car you are wanting
- Typically, job time needs to be at least 6 months but they prefer 1 year. Banks look at the total picture. Length at residence, do you own rather than rent or live with parents..etc. e-mail me direct and I can let you know more of what to expect (stevenlaureys@hotmail.com) and can even help you if you live around Northern Indiana. If not you can also contact your local REPUTABLE new car dealer and speak with their finance manager. They can help you out also!
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