Just turned 20 and my ‘95 Volvo has stopped running. Looking to buy a car. I have 2000 saved up. Rake in about $1000 to $1200 a month from my job. However, I have little credit build up. How hard would it be to get an auto loan?
Thanks
4 Comments Already
April 5th, 2010 @12:06 am
Get a cosigner. It will be easier
April 5th, 2010 @12:51 am
Be careful. Read what you sign. The rip off places charge you a loan origination fee and the unpaid balance is due in six month. They will loan you the money to pay off the balance and then charge you another orignination fee.
April 5th, 2010 @1:27 am
not too hard, as long as you have as much as possible down to pay 
Auto finance is what I do for a living and your credit is not going to be your biggest problem since there are first time buyer programs out there.
Your problem is going to be your income, you don’t make enough money per month to qualify with any lender.
Your best bet is going to be to try your own local bank.
Good luck.