Question:

How can a college student make around 5k quickly? Or purchase a car with no job or co signer. im desperate!?

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I'm a college student looking to buy a car. I have no job because public transportation and classes leave me with no extra time. My parents can't pay for the down payment because of financial issues and a pretty big downpayment would be necessary to keep the monthly statements low enough for us to afford. I also need a relatively reliable car because I have to travel from college back home often which is a 6 to 7 hour drive. I considered a loan but no bank will finance it because I have no job! PLEASE, any ideas?!

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  1. I think you need to look at what you really need.

    It sounds like you want to 1) have extra time and 2) get 6-7 hours away. You see a $5000 car as one solution, but there are others.

    I think you should look into getting a job, either walking distance from school, or walking distance from where you are living. Then, you will begin to make money without needing a car.

    For getting home, you are getting there somehow now, can't you continue doing that? Does your student union have a ride-share board where other students driving the same way can split expenses? Does the bus/train run reasonably well?

    Or, transfer to a school that is closer to home.

    If, after working a job near home or school for a while, you can afford a $1000 car, that can help you get back and forth to work/school more easily, that's great. Then you will be able to earn the money for the "long trip" car faster. But, please don't borrow to buy something you can't afford (especially since there will be insurance, parking, maintenance that will cost more than you think it will, even on top of the price of gas).

    I also notice that you have "no extra time", but can manage a 6-7 hour car trip. So, maybe your weeks are busy, but your weekends are free? Maybe you can get a weekend job, and be able to afford a car?


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    or go back begging to your parents

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