Financing

Asked by Aug 13, 2017 at 07:31 PM

Question type: General

I am in the Air Force and really need a vehicle but I have
never had any credit what do you need to do to get a
vehicle with you all?

2 Answers

139,005

CG's does not sell or finance cars.

2 people found this helpful.
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As F O R said, Cargurus is an advertising site only. Similar to Craigslist, Cars For Sale, etc. When you're first starting out it's difficult to get a car, or any kind of loan, without a co-signer. Your best bet with a co-signer is a Parent, or other close family member. Since you're in the Air Force you have a good steady income, which is a plus. You'll also need a cash down payment. Ten percent of the purchase price is good, twenty percent is better. Banks and finance companies like to see you put your own money up towards the purchase. Plus it makes your payments less. Also, consider how long you'll be stationed where you are. If you're likely to get deployed elsewhere, a vehicle you can pay cash for might be a better bet right now. If you get sent to another assignment you can just sell the vehicle and walk away. If you're locked into a loan you may have to pay for storage, and insurance while you're away for a vehicle you're not using. HTH. -Jim

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