How do I finance a used car for low payments? First car please help!?
I want to get my first car, im 18 and i saved $5,000 so far. I want to get a car that is $10,500 but I want to get low monthly payments because I still have to pay for insurance too. If you have any ideas please help me. I really want this car.
Public Comments
- It's simple, go to a bank, get a loan. Make sure they don't screw you on interest. Look at the payments and make sure you can afford them. Look at the total amout you'll be paying including interest and see if it's worth it. Also, being 18 I'm sure you don't have much credit, so you may need a co-signer. Make sure you make your payments or the bank will go after them and they'll have to kill you. Or...you could do the smart thing, wait till you save about 10 grand, and THEN go look for a car exactly like the one you want. By then, you might realize you want something different anyways.
- get someone with a good record and has been driving for a quite time and put them as a co owner of the car...or make them as a owner and put u as a co owner ..
