hellokitty13
New member
I'm a 17 year old looking into getting a used car. Nothing expensive, my limit is $10,000. I would definitely have to finance it and I would be making the monthly payments and paying for my own gas. (I have a part-time job). I need some guidance from anyone who has financed a used car before. I'm not entirely sure how auto loans work (through a dealer/through a bank). I want to know what my options are under these circumstances:
-I do not have any established credit yet
-My mom (whose credit i'm assuming it would be based on?) does not have very good credit. She has, however, never filed bankruptcy or had any repos.
-Are there any options involving $0 down payment?
Please do not just say "talk to your bank", I realize I can do that, I'm just looking for some advice here from anyone who has been through this or been in a situation like mine.
Thank you for your help!
-I do not have any established credit yet
-My mom (whose credit i'm assuming it would be based on?) does not have very good credit. She has, however, never filed bankruptcy or had any repos.
-Are there any options involving $0 down payment?
Please do not just say "talk to your bank", I realize I can do that, I'm just looking for some advice here from anyone who has been through this or been in a situation like mine.
Thank you for your help!