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Old 07-02-2010, 03:27 PM   #13 (permalink)
Push370zzz
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Join Date: Jul 2009
Location: NE
Age: 39
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Quote:
Originally Posted by pjh06033 View Post
hey guys,
im going into my junior year of college in rochester NY and I really need a reliable car. I know many people say just buy a used one, but I personally HATE used cars because you dont know what type of drivers owned it before (certified or not). Having a fresh new car that will guarantee not to have any issues is exactly what I'm looking for. I've been driving my mom's '99 Saturn for the past 4 years (go ahead and laugh haha), but seriously. I live in Buffalo, but need a car for school. Im going to be a bartender for the next couple of months in my home town, but then hopefully will find a descent bartending gig in rochester for school. I'm a sport management major and there's a lot of either paid or volunteer opportunities that will really help me excel in the sport management business, but also on my resume. I'm also going to be doing my practicum (200 hrs service time) for a business in the sprig semester and will need a car for that. On top of that, I will be doing my internship (possibly in Massachusettes) my senior year and will obviously need a car for that. My parents said they'll buy me a new car when I graduate, but I honestly need one right now and they're not helping.. which sucks. One huge problem (or maybe not) I have, is that I don't have any credit at all. I have a debit card and have never took out more money than was in my account or anything that would be bad with my bank. I barely have any money in my account now (since I just paid for bartending classes), but hopefully the next couple of months I'll be able to raise between a $1,000-1,500. I dont think I'll be able to afford to put any money down, since I'd rather pay for 72 months and know I have money to afford for a couple months (if i dont get a job right away).

What I'm getting to is that fact that I wont have a TON of money in my account and I dont know how much APR they're gunna try to hit me with since I have No credit. I'm guessing that No credit is better than bad credit at the age of 20 haha. But over the coarse of the next 2 months I'll hopefully get a bartending gig ASAP, but then I work at the mall for min wage (7.25) and get about 12-15 hrs there a week. Another thing I was considering was to take out like a 10k loan just for the down-payment.

Please suggest anything that will be helpful (student auto loans, auto loans, down payment, any suggestions). I know I'm going to have to make about 1k a month (which hopefully wont be too hard to do) with bartending and all, but I would love to have this car for the next 10 yrs.

Thank you for reading and helping me
You won't get a loan. I'm 19 and a junior in college as well. When I bought mine I just purchased it cash and wanted to take out a loan to build credit. Even though I had purchased it cash AND had a 785 credit score (thanks to a year of a credit card) I couldn't get a loan for any amount without a cosigner. After a lot of fighting and proving of funds I got it w/o a cosigner, but if you have no credit and no cash and no weight to throw around the bank...stick with the Saturn.
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