Need a car, 21 year grad student with little credit history, my parents can't...

  • Thread starter Thread starter Megan C
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Megan C

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...help me co-sign, what do I do? I had a new 2009 Jetta that my Dad was financing. I was in a car accident 3 weeks ago and the car was totaled. My dad reapplied for a bank loan for another car and was turned down due to the state of the economy. I am moving to start law school in a week and a half and need a car where I am moving to. My mom can't help me cosign because she is refinancing her house. I've already asked my other family members to cosign and all have said they can't help either. So I'm at a loss of what to do. I don't need a new car but want something decent, preferably in the $10,000-12,00 range. I need financing for the present state until one of my parents can refinance the car and we can lower the interest rate. Any thoughts?
 
Save up as much as you possibly can for a decent down payment on your next car. I just bought a 2005 Jetta TDI in your price range. The TDI runs on diesel, and can last up to 300,000 to 500,000 miles (if you don't total it first). My credit wasn't great either.
 
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