18 never have credit ever. Mom have doomed to failure credit. Can i catch a credit card and receive a CAR? i just turned 18 on the 18th. i dont have any previous

i just turned 18 on the 18th. i dont have any previous credit and my moms credit is pretty desperate. i just am tryin really hard to find a bearing to get a nice car.

Answers: Find someone bar your mom to co-sign the car loan.

Make sure you make ample money to cover the car payments first, otherwise it'll get repo'd.

first of adjectives you get a job or two sector times and work hard for 6 mos and then youcan buy a motor. it may take abit of time but if you save some money for down paymnet it would also assist and remember dont' mess it up its your life and takes time to work it out and if you win a card well then if gas merely (discover( you charge a tank of gas and then when take-home pay day comes pay it bad and then do it agian and again and that is what help build credit but pay it off respectively time one time of gas at a time so you can learn to pay it past its sell-by date and that is what builds credit in 6 mos would be apposite for you.

I work for a bank and I would advise against a credit card to buy a nice vehicle. Two reasons:

1. The interest rate on a credit card is roughly 17%+. A secured car loan is roughly 12 - 13%. The basis is because they are using the car as fallback security if you evasion on the loan.

2. With a credit card you do not have fixed payments. It is a revolving line of credit. The bank only ask of 3% of the balance respectively month. If you pay this and only this afterwards you will be paying off your car FOREVER.

As long as you enjoy stable employment and residency and can afford the repayments I would apply for a car loan. You can usually even do this through the car courtyard. Motor Finance Wizards for example will do car loans for people next to bad credit etc.

You have option for loans if you earn regular money however I would strongly advise against using a credit card to buy a car.

Since you're an adult, they're not going to base your credit rating bad of your mom's. You basically have no credit whatsoever. If you do bring a card to begin establishing credit, you will not have a constrict large enough to purchase even a unpromising car. It will probably be $300-$500. I would get a secured credit card (where you put a certain amount of money on the card and to be precise your credit limit). You are essentially borrowing from yourself in order to establish your trust next to the credit bureau by showing you can pay your bills on time.

I'd outstandingly recommend avoiding building up a lot of debt. Get a decent used vehicle and save up your money for a few years. Otherwise, you will regret it later.

Do you know how to hot wire? You would hold to check out some car dealerships around you. Some will finance you if you dont hold any credit or anything on your credit report because you would be a first time buyer. Check out where you are and see. You really dont need a credit card to buy a sports car. Just a job to keep up next to the payments and insurance. Wish you luck

Your mom's credit is not your credit.so it doesn't situation if she has bad credit or not. You want to own four sources to help establish credit.a couple of credit cards (look into a secured credit card first, if you don't qualify for a regular one), overdraft protection, and a loan. Once you start establishing credit, you can buy a car...unless you find someone to nouns you (dealerships will)...but be careful of high fees. The only article you can do is try, and you could also try to get a secured card, and as far as a car, they may consent to you purchase a car.

It is possible to drive a nice vehicle with no credit.
It's called "repay with cash".

A new saloon costs about $20,000
The payments are about $400/month for 5 years.
If you buy very soon, you won't be finished with the payments until April 2013.

Here's what you do instead:
Take that same $400/month you were going to furnish to the dealer, and put it in a reserves account instead. Start right now (May 1)

Then, within October 08 (5-6 months from now) you'll have enough bread to buy a used beater for $2000.
A 1995 car with 130,000 miles.
Not fancy, but it'll win you where you need to budge, and you won't have to worry in the order of the repo man.

Continue making the "payments", and in about 12 months (Oct 09), spend the $4800 you save, and trade in the beater for a $6000 car.

I'm doing a prod on Yahoo Autos:
Price: $5,000 - $6,000
Location: Within 50 miles of LA
Sort: by mileage
Scroll to the middle of the list.
97,000 miles is in the middle, and that's a 2001 Toyota Camry, a 2002 Honda Civic, or a 1998 Cadillac.

Now, we verbs making the "payments".
It's October 2010. Your $6,000 car can still trade in for in the region of $5-$6K, and you have another $4800 cash (that would enjoy gone for your car payment).
For $10,000 to $11,000, we have:
Some used 2006 and 2007 lease-turn-ins.
Which, surrounded by 2010, that price range will be the same 2008 and 2009 turn-ins that you be looking to buy new today.

BUT, doing it my way, within two years, you have the same motor, PLUS, you avoid three years worth of car payments!

Here's where it really get crazy:
Finish up the 5 years of car "payments", but put the 3rd, 4th, and 5th year's payments into a mutual fund.
Hey, it's the money that would have gone to the saloon note anyway, so buy a risky fund (13% growth, average of 1% / month gain.), and if you lose some of it, remember, you've lost all of it if you be making payments.

At the end of the 5th year, you'd have a 2008 saloon plus $16,000 cash.

Whereas, buying it new today, at the finishing of the 5th year, you'd have a 2008 car, and newly finshed paying it off. nope.

Absolutely but pay attention what you wish for.
First establish credit at a local clothing or department store. Look for local or regional businesses like tire stores or gas stations that provide credit cards.
Obtain (2) to (4) cards discreetly without placing significant amount of debt against you.

In 30 to 60 days you will have "built" a fair credit picture. If you are financing a car, make convinced you are actually receiving an actual interest rate of between 8% AND 12% PER YEAR (APR)
The drive you check to see the APR is within this range is because most auto loans state they are between 8% to 12% but the TRUE APR (real interest rate) is 18% to 26%. You are best off buying a new vehicle with the car manufacturer's interest rate. Even if you do not love the motor as much, the cost difference will be equal to a few hundred gallons of gasoline per year. Good Luck

yes you can as long as you have have your job for over a year, and i know you might be better trying to get a vehicle loan from a bank, as they sometimes have lower interest rates. You are probably going to hold to get a credit card first.
Some creditors and credit card companies require you build your credit first with a secured visa or master card. All this is is a card that you carry by putting down lets say 500.00. It is your money. You own to do this first and pay it off a few times earlier they will actually give you credit. Start by asking for a parameter of only 500.00. You really don;t want to use that credit card for anything ANYTHING. Actually the credit card should only be used for emergency like fixing the car that you aim to catch. First of all, you dont want to get a brand spanking new car, you can get close to new cars that have totally low mileage. I don;t know what kind of job you enjoy but it should be a good one, if you are working part time i guarantee you will not draw from a loan for a car. You also can;t just be working at hand six months and get one either. DON;T GO TO THOSE CAR PLACES THAT SAY YOU DON;T NEED CREDIT TO GET A CAR!! THEY CHARGE EXTREMELY HIGH INTEREST, AND YOU WILL BE CLIMBING THIS LADDER THAT NEVER ENDS SERIOUSLY!!lListen in reality, now a days you can get really worthy used cars, especially the older ones, seriously the older cars enjoy cheaper insurance, and they are way cheaper to fix, like contained by the new cars you have fuel injection, and within the old ones there are carbourators, so really fuel injection is close to over a thousand dollars to fix and a refurbished carbourator for sixty bucks, so if you have your dad or grandfather help you find a small elder car that is perfect on gas and they are way way cheaper to fix and to insure. Take the driving courses they cost somewhat but your insurance is cut down considerably. Plus you can get really good ones for underneath a thousand dollars even. Your first car doesn;t have to be worth over 10 000 dollars does it ? No, as long as it get you from point a to b in a safe deportment. Of course you want it safe, and you can get really really really honourable older cars be patient and look everywhere, it sounds stereotypical, but an elder couple selling and older vehicle is usually a gem as these elder people usually take really flawless care of their vehicles and hold up on the maintenance. that is the most impressive thing, maintenance of your coup��. Take care and good luck but it doesn;t transpire overnight getting credit, be patient and do it right, and you will get your credit, but DO NOT USE THE CREDIT CARD FOR SHOPPING FOR CLOTHES, OR EATING OUT AT RESTAURANTS, USE IT ONLY FOR EMERGENCIES!!
rob care i hope this helps a bit
babe
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