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Which is best when buying a newer used car?
15th December 2010
I am looking to get a used car, but of the newer years, something most likely 2005 and up. I do not have the money to pay upfront, so I’m wondering what my best options are. Financing, Leasing, etc, any other options I may not know about. For background, I have ghost credit, meaning I have not accumulated any credit score, I work and get a weekly paycheck of about 0 a week and would be able to start out by putting about 00 down. Please help!
Posted in: Auction FAQ | | Comments (4)
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finance for about 4-6 yrs.yes the bigger the down payment the better.since you have no credit history you may need a cosigner depending on where you go.most of the car companies are so desperate now you may not have a problem
Comment by kamui4697 — December 15, 2010 @ 6:40 pm
Finance-
its a buyers market nowadays, and your downpayment is a good size for a car in the 10,000ish price range.
You may need a cosigner for a better rate, but DONT lease a used car. Most of the time, the lease payments are almost the same as the actual payment, and down payments on a lease are usually pretty big.
good luck!
Comment by hamn — December 15, 2010 @ 6:40 pm
http://urlhawk.com/csf
- here’s a good website to look for real cheap quality car from government auctions!
I bought my car for just $1250 with a milage of 5,270!
And it’s been already a year I’m riding my car and it’s still doing well!
Comment by Noah — December 15, 2010 @ 6:40 pm
Buy, buy, buy. Buy a good, used vehicle with low-mileage. I’m not sure what you mean, but you started by saying you don’t have any money to pay up front then conclude by saying you would be able to put $3k down.
If you have the money, put it down. At least this way, you’re working to own something that will potentially end up being an asset (as opposed to leasing).
Comment by s3xib1tch — December 15, 2010 @ 6:40 pm