re: My son needs a new car - recent college graduate

I'm pretty sure most manufacturers offer incentives for new college graduates. However, the lending institutions will still want some type of credit history and unfortunately sounds like it's a big impact to his rate.

Why not just get a co-signer? Easy way to get a car at a lower rate and build his credit.

If not, look at used cars. I wouldn't suggest paying cash as it won't help his credit problem. Just finance 5-7k, pay it off in a year or two. Won't cost him that much in interest and builds credit history.