Can a 18 year old wtih no credit get a auto loan?

I'm turning 18 soon and I want/need a car, I have a job but I dont have enough money saved up for a car I want. Is it possible for me to take out an auto loan for like 10 g's? No one will co sign for me and i want a car now, I dont feel liek saving. Who will give me a loan?

Can a 18 year old wtih no credit get a auto loan?
you can. Alot of dealerships have banks w/ a first time buyer program, but here are the requirements. The car has to be a 2004 or newer w/ less than 60k miles on it and no more than 10-12k. You will need a down payment, usually anywhere between 10% on up and the interrest rate will be high.





Avoid car lots that are BUY HERE PAY HERE. Alot of them offer crappy cars and if you pay one off thru them you still wont have any car credit for they will not report your payment history to the bureaus,so you will be in the same boat.BUT if the car breaks down and you miss a payment they will tag you w/ a repo on your credit and it will take ALOT of money to get financed for another one. Avoid places like DRIVETIME as well. They do report good credit to the credit bureaus but their cars are crappy high milage vehicles that will more than likely break down on you and you will be paying 5k over book for one.





Unfortunatly, the 18-24 age demographic has the highest repo rate and therefor alot of banks are weary of that group
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Reply:You can, but what you may have to do is get a personal loan from a bank, rather than the dealership. Careful, everytime time and place that you apply for a loan goes on your credit report. Don't start getting "dinged" this early on in life....
Reply:If I can't then you can't. Good luck! %26gt;:(
Reply:you need consign


http://e-loan-debt-consolidation.info
Reply:yes
Reply:one of those crappy buy here pay here lots where you never get what you pay for so get a good reliable car for cheap and save your money....its hard but grow young and you will be having more fun later
Reply:Are you serious? They can't wait for you. So long as you have no negative history and a job, you can get whatever you want! The credit vultures are circling, lining up for you. Just be smarter than they are----finance something you can really, really afford.





Don't let some double-knit, loser,car salesman, JO talk you into "The Special of the Week". That car was cheaper last week. Go to the Blue Book online, know what you are doing, make a decent offer to three or four places, and sit back and watch the a__holes bid for your business!





M
Reply:You can get a loan on your own but you aren't going to like the interest rate. My advice is patience.
Reply:Yes, but it will be difficult. Have one of your parents or family members co-sign the car loan with you. Good luck.
Reply:There are companies out there that will give you a car loan with no credit, but you will need some sort of down payment.