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I was wanting to buy a used car, but no established credit + bonus?

Hello everyone,

After paying this college off, I will be able to go back and get my education, but with 5 people in the house (1 goes to school in a different city, and 3 of us work in different cities) it's always been a challenge to schedule everything. I was wanting to buy a used car to make it easier for around the $9,000 - $10,000 mark, but this would be my first car. Thing is, I don't have any established credit and my mom's credit is poor so I wouldn't have a cosigner. What I was wanting to do is put about $3,000 down on it (Since I do work), and pay it off monthly, but I'm not sure if that's how it works exactly? Could someone explain/tell me if that will work or not or is it more difficult then this? Thanks in advance

Bonus: I was wanting to get a used Smart Car. How many miles are those cars good for? I've seen some on sale for 6,000 miles and some for 50,000 miles. Thanks also in advance

2 Answers

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  • Anonymous
    7 years ago
    Favorite Answer

    you should go to a car auction. they have a huge selection and a lot of the time you pay with cash for vehicles. you can also test drive them.

  • Brent
    Lv 7
    7 years ago

    You work. That's great. Now go apply with a lender of your choice and hopefully you qualify.

    If by "work" you don't make about $2000/month and have not had a job more than several months, you aren't getting a loan.

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