Question:

Financing a car on minimum wage.?

by  |  earlier

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Will i be able to get a 22,000 dollar car on minimum wage? would the dealer at carmax even fininace me since i make minimum wage does anyone know?

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3 ANSWERS


  1. why would you even want a 22000 dollar car when yo uare only making minimum wage.  I would just get something cheap.  You'll just ruin your credit especially if they repo it.  


  2. i made less than that and got financing (thru a lot of prayer). look , you'll have to go to a used car dealer and get a cheap older car with your financial situation. i dont know qabout carmax but there are local sellers who finance the car themselves without going thru banks or lenders. its your best bet. why not settle for something cheaper and gas freindly like a moped or electric or gas powered bike? (my car was 3 years old and cost 5k and its still running fine 7 years later)

  3. I don't know what your living situation is, but I make a decent wage amount (high-ish 5 figures) and I can't think about getting a car that's $22,000 right now.  Granted, I have bills, have a dog, I pay everything for myself and I live in Los Angeles, where everything is more expensive, but still.  You get the picture.

    I doubt you'd get financing for that amount based on your wages.  

    You should probably look into buying a $6,000 used car.

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