Will a dealership allow me to finance a car?

First, apply at the bank where you work. I am sure they have benefits for employees that may allow you to get a better rate, and a better idea of what you can afford.

You dont mention your down payment. With only 2 CCs, low limit at that, you will need a down payment to get into a car.

Its not up to the dealer to finance you. Dealers work with dozens of banks to get deals approved. They will be submitting the deal to banks and trying to get a loan on your behalf. Ultimately, its the banks' decision.

Try applying where you work. Also try Lending Tree (www.lendingtree.com) - they will submit your application to 4 banks likely to approve your loan. If neither of these sources can get you a loan, you are stuck in buy here/pay here territory where you overpay for a car, and get the maximum interest rate. Not a good idea.

I was around your age when I financed my first car. I went to Ford first but they required a co-signer and 30% down.... so I left (best decision I ever made!). Went to Acura and they approved me without requiring a co-signer and 20% down.

The only credit I had at the time were credit cards.

The first thing you should do is apply online at http://www.capitalone/autoloans as they have a low rate at 3.95%. If they say NO, try a local credit union. If they also say NO, your only choice is to go through a dealer as they have relationships with dozens of banks. But rates will be much higher as they will add % to it to keep for themselves. If the rate is above 9%, I wouldn't do it. Just pay cash for a cheap Honda until your credit improves.

Don't be one of those people who show up here and say "I am $10k upside down on my car cause I was young & stupid and financed a car at 19%....."

In most cases, dealerships don't finance cars. They may help you search for a bank or finance company who will loan you money, but the dealership seldom uses their own money.

You'd probably be better off talking to your own bank or credit union about a car loan, as you'll usually be able to find a better interest rate than you would with a high-risk finance company.

It sounds such as you have good credit, yet i do no longer think of that your earnings is intense sufficient. purely with the aid of fact you're able to think of which you're making sufficient to cover the fee, does not recommend that a economic employer would inevitably trust you. Banks won't over enlarge your cash owed. there are dissimilar aspects that pass into approving somebody for a private loan. Your paintings historic past, residency historic past, earnings, debt to earnings ratio, quantity of revolving debt (credit enjoying cards), and your credit historic past all get regarded at, to no longer point out the vehicle itself: age and the mileage are all aspects in the economic employer's decision to finance you or no longer. i'd recommend procuring a lower priced automobile with money to commence with, proceed saving your cash and development your credit historic past and then attempting to finance. you will desire to have not have been given any undertaking then.

The dealership doesn't care how you pay for the car as long as they get their money.... the dealer doesn't finance the car unless it is a buy here/pay here.

I'm certain that you might find many financial clarification at= loandirectory.info-

RE Will a dealership allow me to finance a car?

I don't have a car to trade in. I'm 21 years old. I have a full time job at a bank. My monthly income is about 1500 dollars a month. I live with my parents (so that I can ...show more

yeah i cant see why not..depending on the car tho... dont expect to get a new 50k $ car.

go to the dealership and find out.