Can I Finance a new car?

  • Thread starter Thread starter bway4x4
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bway4x4

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Hey guys I currently have a 2004 Dodge Ram Diesel, I have had it for a year now, but have only made 11 payments, 12th payment is due next month. I'm looking at a 2008 mustang because diesel fuel is insane at the moment. I submitted a Credit app. etc etc. It came back saying that I'm still a considered a first time buyer. And they can only loan me up to $16,000. By the way I'm only 19, my insurance is only going to go up by $40.00 on the YEAR. I would be saving 400$ a month in gas prices, and my payment would likely be cheaper as I could finance it for 72 months. If anyone else has ran into this or knows a way around it, Any info would be nice. I don't want to have a cosigner again. Also i know income is a big thing with this, I'm currently at $20.00/hr - 40 hour work week, and usually work saturdays so 48 hours.
 
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