Is it hard to get approved for a loan to buy a car?

A

Alex

New member
ive been 18 for couple months now. have no credit, have one bill in my name thats always paid on time. would it be hard?
 
Most banks issue loans based upon your ability to pay it back.

Given the terrible state of the auto industry, you should get financing, provided you have a job and a down payment.
 
to tell you the truth, kinda you will probably need a parent to sign for the vehicle and you would also I'm thinking need to down a couple of thousands a least. Unless you want to buy a beater car then you might be able to get that for a couple of thousand, good luck laterz
 
I would not give you a loan unless you have saved 6 months of your spending first. Now with that much in savings, you might decide to buy without a loan, and that is ok with me. I am not trying to be hard on you, I just do not want to encourage you to hurt your credit long term.
 
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