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Started By
Message
can i buy a vehicle from a dealer(im young)
Posted on 1/22/13 at 8:13 pm
Posted on 1/22/13 at 8:13 pm
I have always bought everything in cash. I am responsible and I have never had any late bills. I pay phone bill, dish, car insurance, rent.
I'm pretty sure none of that affects my credit, unless I don't pay on time.
I want a truck, maybe a few years old. I save money well so I could give a good down payment. So without a credit history can I buy a used truck from a dealer?
I'm pretty sure none of that affects my credit, unless I don't pay on time.
I want a truck, maybe a few years old. I save money well so I could give a good down payment. So without a credit history can I buy a used truck from a dealer?
7
Posted on 1/22/13 at 8:27 pm to Batdawg
Jesus man.. one thread at a time.
Gotta ease in to this board. Go back and read some past threads, you will learn alot.
Gotta ease in to this board. Go back and read some past threads, you will learn alot.
Posted on 1/22/13 at 8:42 pm to Batdawg
FYI, you don't have to finance anything at the dealer
If you are a member of a credit union or even a bank, they may be able to approve you for a loan and you won't need to deal with that at the dealer
If you are a member of a credit union or even a bank, they may be able to approve you for a loan and you won't need to deal with that at the dealer
Posted on 1/22/13 at 8:48 pm to Batdawg
quote:
So without a credit history can I buy a used truck from a dealer?
Talk to a dealer.
Seriously, there are lots of threads on here asking "can I borrow money for thus and such". Although most of us can offer encouragement the only truly definitive answer will come from talking business with someone prepared to do business. It costs nothing to ask, so just ask. If you don't like the terms, decline them.
Posted on 1/22/13 at 9:20 pm to Croacka
quote:
FYI, you don't have to finance anything at the dealer
If you are a member of a credit union or even a bank, they may be able to approve you for a loan and you won't need to deal with that at the dealer
Can you repeat that in stupid people terms?
Posted on 1/22/13 at 9:28 pm to Batdawg
quote:
Can you repeat that in stupid people terms?
Just because you buy a car from xyz dealership, you can, and probably get much better terms, from a credit union or bank. Go to the bank that you have a relationship with and ask about used car loans, see if they approve you, if so then go make a deal at the dealership and when it comes time to pay tell them to contact abc bank
Check penfed.com, and any credit unions for best rates
Posted on 1/22/13 at 9:39 pm to Tigerpaw123
So you ask the bank if you can get a loan, if they say yes
You go to a dealer and negotiate a price
Then tell them to call your bank?
You go to a dealer and negotiate a price
Then tell them to call your bank?
Posted on 1/22/13 at 9:46 pm to Batdawg
Yep
Posted on 1/23/13 at 9:08 am to Batdawg
quote:absolutely. go to a local bank and sit down with the loan officer. if you are gainfully employed, have no debt, and have a proven history of paying your bills, they will loan you the money. ... or, why don't you save up and pay cash for the car you want?
So without a credit history can I buy a used truck from a dealer?
This post was edited on 1/23/13 at 9:19 am
Posted on 1/23/13 at 9:21 am to Batdawg
quote:
im young
They want your money, not your wisdom. Being young does not disqualify you.
Posted on 1/23/13 at 10:12 am to Lou
I'm self employed and had been for less than a year when I wanted a newer car (was in school prior to this job, so my taxes showed that I was poor). The only proof of income I had were check stubs for a few months work. I went to a credit union here in Shreveport and was shocked how easy it was to get approved for a $30,000 car.
Posted on 1/24/13 at 5:46 am to Batdawg
like others have said get the loan through your bank or credit union. the interest rate will be lower. that dealership gets a cut from the loan companies they deal with, and its you who will be paying that cut.
Posted on 1/24/13 at 5:53 am to Batdawg
quote:
(im young)
quote:
I want a truck
quote:
I save money well so I could give a good down payment
Any chance you'll go for a truck that you can pay cash for and therfore, not have a need for a loan?
You'll thank me later.
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