I just turned 18 and need a car loan? - Mustang Evolution

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Old 03-26-2010, 07:45 PM   #1
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I just turned 18 and need a car loan?

Hi, i just turned 18 and need a car loan. I found a nice Used 2005 ford mustang for $10,980. i have a part time job and make 7.50 and hour, so at the end of the month i make about $300-$400, maybe even a little more. but i was wondering if i had a chance of getting a loan on the car or getting a loan with the bank? and i don't really have a Credit history and my parents WON'T co-sign for the car. So if you could just give me some info on getting a loan that would be great. Thanks.
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Old 03-26-2010, 08:20 PM   #2
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I just turned 18 and need a car loan?

you might or might not get approved for your car loan call or go to the bank and they can tell you. I would try and get a full time job and then get the car loan I think you will have a better chance. also if you can apply for a credit card so you can build you credit up. good luck
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Old 03-26-2010, 08:32 PM   #3
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I just turned 18 and need a car loan?

Save until you can buy it with cash. Look for a cheap beater car you can drive for a year until you can save enough. Dont go into debt at 18.
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Old 03-26-2010, 09:13 PM   #4
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I just turned 18 and need a car loan?

sorry, it wont happen without a co-signer, you are too high risk to loan money to...
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