Finance

Asked by Feb 26, 2017 at 08:43 PM

Question type: Shopping & Pricing

I am a first time buyer with no credit. I need to
know how i can finance a car around 10,000. I have
2,000 to put down. I am really needing payments to
be around $200-250 a month if possible. If there is
any advice that would be great.

3 Answers

5

Usually a credit union has a fairly good rate for first time car buyers. If you are looking to keep the inquiries at a minimum definitely talk to a credit union or your personal bank first. Because alot of times the dealership will run your app with multiple places until they find the best APR and approval for you which can sometimes lead to quite a few inquiries. Those can hurt your credit, regardless of not having any.

69,695

Credit unions will be your best bet. I don't trust used car dealers when it comes to credit or anything else.

69,695

With a 48 month term and 4% interest you should be able to keep the payments down around $200. The rate you get will depend on your credit, job and income. Make sure your car will outlast the payments!

Your Answer

Add photo

Related Questions

  • Finance 3 answers

    Itin numbers or passport from Brazil, you finance?

    Hyundai Accent

    -

    Shopping & Pricing

  • Finance 2 answers

    Hey there I just had a quick question do you do financing and if so do you finance to North Carolina residents

    2002 Lexus GS 300

    -

    Shopping & Pricing

  • Finance ? 1 answer

    Do You Finance Used Cars, 2002 Toyota Camery LE $5,991.00 85,661 miles Winter Park I can put $1,000.00 Down ?

    2002 Toyota Camry

    -

    Shopping & Pricing

  • Finance 3 answers

    I am a first time buyer with no credit. I need to know how i can finance a car around 10,000. I have 2,000 to put down. I am really needing payments to be around $200-250 a month if possible. If th...

    Shopping & Pricing

  • Finance 1 answer

    How can i see how much im financed for on a car carmax told me they will finance me for 9000.

    Ford Mustang

    -

    Shopping & Pricing

Shortcuts

Search Shopping & Pricing Questions

Shopping & Pricing Experts

#1 Tom Demyan
Tom Demyan
Reputation 15,630
#2 F_O_R
F_O_R
Reputation 6,020
#3 COMETGUY61
COMETGUY61
Reputation 5,610
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.