Can i get a car loan?

These days it is very hard to get loan. You need a co-signer who has stable job.

Menaka Indrani 715012

vehicles have such a high mark up, odds are if you walk into a dealership with 8000 to hand over to them they will usually let a 12000 vehicle go for the 8000 cash. if you make it clear that u are very serious about buying a vehicle and u have the money in full they are very eager to help. odds are they are going to swear they can not come down on prices but be sure to show that u are not a push over, if they are not willing to work with you let them know you will be looking at other dealerships. i just recently found a 2010 jeep that i loved. it was priced at 23,000. i walked out of the dealership paying 14,000. bc i put 9,000 down. dealerships LOVE big chunks of money. if you are not willing to spend the whole amount you can still look for vehicles around the 8000 budget and try to talk the down some.well i wish you luck.

Your plan will work fine as long as you have a co-signor. Without a co-signor no lender is going to give you a loan.

A smarter solution is to pay cash for the car and forgo the loan completely. The difference between a good $8000 car and a $12,000 car isn't enough to get into high interest payments and long term debt.

Maybe. But if you are approved, the terms wont be great. You will pay a high rate of interest and the car price may be jacked up 10-40%.

Unless you can get a cosigner with good credit.

PS, the above assumes you earn $1500+ per month.

Completely agree with Zero Smith.