Question:

First time buyer traying to get a chrysler 300

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Ok I'm a first time buyer I don't have anything on my credit and I'm trying to get a 05 chrysler 300 with the new body style. I make around 500 a week after taxes. My quesion is how much money will I need down and the car is about 14,000.

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  1. Check with www.kbb.com to see what it's actually worth. I prefer to pay cash for my cars so I don't have to worry about monthly payments. Save up and pay cash all at once to keep it simple, and you won't have to pay interest. Make sure everything works on the car, too, so you won't have extra expenses (tires, brakes, etc.)


  2. Since you have no credit you probably will get a bad interest rate.  Always put down as much as you can afford so your loan is smaller which means less interest.  

    You probably also have other bills to pay in addition to the car.  Make sure you can afford to pay them all with some left over in case your expenses go up or you need to replace things on the car like belts, tires, and brakes.

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