Anonymous
Anonymous asked in Cars & TransportationBuying & Selling · 4 weeks ago

Buying a car without credit?

What would you guys recommend as a down payment for a car around 10-13k, 30k mileage range, for 46 mo? Im just not getting a credit card and don’t know anything about cars. What’s worked for you guys when buying without credit? Nobody’s willing to co-sign me either.

13 Answers

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  • Here's a novel concept: live within your means. But a cheap used car with cash and save for the car you want. I never understood why so many idiots finance when they likely cannot afford it in the first place. I have a slew of dumbass friends who lease cars only to have it being towed a way a month later because they can't make the payments. 

  • fuzzy
    Lv 6
    4 weeks ago

    Pay cash. If you cant afford the car you want either lower you sights or save for longer.

  • 4 weeks ago

    Yeah, just pay cash, don't see you getting financed

  • Anonymous
    4 weeks ago

    You won't be buying a car unless you have $3-5k down and a good full time job with income over $1800 a month. Even then the terms would be poor. High rate and jacked up price.  46 months is a term almost nobody has ever used. Did you mean 48?

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  • 4 weeks ago

    You are not in a position to buy a car -- no credit, not willing to establish credit with a credit card, no co-signers, and apparently no cash. 

    If you have a decent job, you might be able to get an overpriced junker car from a buy-here-pay-here used car dealer at a super-high interest rate. He'll put you on a weekly or bi-weekly payment plan, and will repossess the car after your first missed payment. So, good luck with that if that's the way you choose to go.

  • Anonymous
    4 weeks ago

    You can always pay in cash.

  • Murzy
    Lv 7
    4 weeks ago

    There are always dealers that will sell you a car but at a very high interest rate.

  • Scott
    Lv 6
    4 weeks ago

    You are going to need to pay enough to make a repo clearly profitable for the lender. That probably would be at least 50%.

  • Anonymous
    4 weeks ago

    Short answer, without credit you don't. Either pay cash for a cheaper car or keep walking until you establish a good credit history by getting a credit card, putting a small charge on it every month, and pay it off every  month for at least a year. 

  • 4 weeks ago

    I think you should walk and save for a long time.

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