I wont a new car but i just got my first job a few days ago?

Question

i turned 18 last month and i just got hired at my first job wendsday. i wont to buy a nissan altima do i have a chance of getting one without a downpayment

Answer 1

With the economy the way it is right now, you probably can.

All the car dealerships want to do is sell you a car and get it off the lot.  Most have big inventory's with no sales.

A little advise ... don't work with the dealership regarding a car loan.  Interest rates are much higher than going to your local bank.  

Check out interest rates at a few banks before you make up your mind.  Interest rates may very from bank to bank.  You want the lowest interest rate you can get and then pay on the principle.  Your loan will be paid up faster and you'll save more money in the end.  

Do your homework first, before just going out and purchasing a new car.   Prepare yourself before walking into any car dealership.  They can sell you the Brooklyn Bridge if you don't know what you're doing.  That's what they're trained to do. Be sure to read the "fine" print.

After all that, banks are being more careful about giving out loans.  You've only worked a very short time, which is probably going to work against you, not to mention your age.  It's always better to have an established bank account in order to get a loan.

Also, be prepaired to make those car payments, which are going to feel like you're paying off that car for the rest of your life.  Making car payments gets old very quickly.  

You would probably be better off buying a "certified" used car to start off with.  There's a differance between "certified" and "non certified."  A little more homework to do.  

There are no quarantees that your job will be there for you the next day the way things are going with the economy, but that car payment just doesn't go away.   I don't like to sound so negative, but that's just the way things are going these days.

I'd rather see you working for more than just making a car payment.  Husband and me have been throuogh the gamit with new cars and car payments. but we always had extras to fall back on.   Cars are the worst investment you can make as soon as you drive it off the lot.

Answer 2

I think is possible BUT my Recommendation is just wait 3 months because u said u just got the job, cuz u might get fired but after three months they usually dont fire u cuz each time new people come they need to practice and all that takes time so its better for them  to keep current ones! And about Nissan as son of mechanic i dont recommend that ether! For that money u should get Honda or Toyota, but its your choice I just told u what i think! Thanks good luck!

Answer 3

sure they will sell cars to anyone

but what happens if you get laid off or fired?

you should buy a used car or save your money until you have a down payment.

and more money in the bank.