Quote:
Originally Posted by Enraged21
I was in a similar situation. I had no credit history what so ever. I went into the dealer WITH a co-signer (step dad) who has very good credit, but they were still asking for 17% interest. That wouldn't made the payments around $690 for me. I walked away.
I went and got pre approved at a credit unionion WITH NO co signer and they approved me on the spot for 4%. Being 21 years old with no credit history I thought that was a great deal so I took it. Hence I've been with my job for 2 years though.
My advice would be to wait it out and keep saving. By then you'll be with your job for a longer amount of time, and you'll probably have saved up a good portion for a down payment.
The dealer told me to buy a used car to build my credit. Keep it for a year and make payments on time. But I didn't want any other car except for an FRS. I already had a beater. So you're choice if you want to purchase a used vehicle and go that route. But I decided not to.
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Yeah, I was thinking the same about buying a beater, but I already have one lol.