I'm going to be buying my first car soon and i need a little bit of advice...?

I don't have credit but i've gathered up my paycheck stubs so will i still be able to finance a car?





and i know you have to have insurance for the car before you can buy it, but how would that work, getting insurance for a car that is not yours? or do you get insurance when you are at the place you are buying the car from?I'm going to be buying my first car soon and i need a little bit of advice...?
they will run a credit check on you at dealership, but contact your bank first, %26amp; see if you could get the loan from them, %26amp; at what % rate. It could save you a great deal over the length of the loan.


If you have a insurance now, you could just call the insurance company after you make the deal, %26amp; add car to your policy. Otherwise you would have to contact an insurance company after you make the deal.


GOOD LUCK, %26amp; ENJOY THE CAR!!!!!!!!I'm going to be buying my first car soon and i need a little bit of advice...?
You will have a little trouble getting financing with no credit. Mostly likely the dealership will set you up with a lender that will require a decent downpayment. Just be cautious with your financing and do not get yourself into a long term high interest rate scenario. You will be backwards.





When you buy a vehicle, you will need insurance before you leave the lot. That is for your own good too. You will most likely need full coverage with 500 comp and 500 collission. The insurance company will ask you for the lein holder's information. They do this so that they can notify the lender if you drop the insurance. You will Own the vehicle but the lender looses if you wreck the vehicle without insurance. Also if you no other option but to do the longer term and higher rate, look into GAP insurance. That will cover the difference in the loan amount vs. actual value in case you get in an accident. Otherwise, you pay the difference.





Overall, make sure you choose a vehicle that holds it value. Make sure you do not over extend yourself simply because you want that car. THE BIG THING......if you are younger, get a quote from an insurance company before you commit to purchase. You insurance plus the car payment may be more than you can afford.
Ok some places will not let you finance a car if you have a score below 520 even if you have large down payment unless you get a co-signer. There is places called ';Buy here pay here'; which are car dealerships that finance you without credit but you have to put a big down payment and you have high interest quotes up to 21%. My advice is to get a co-signer because sometimes you dont even need a down payment for pretty much brand new cars. In the car dealership i worked they gave you free insurance for a week and after that you HAVE to get proof of insurance otherwise they will take the car back.
I think you can get a car insurance quote of the car you are planning to buy first, so you will have a idea how much it would cost ya... I will be a safe way to go.... BTW.. Have you deicide which cars to buy or lease? maybe this site can help you with ur decision. good luck :)





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