What are some ways to get money for a car?

Question

What are some good ways to save up money for a car? I'm starting at a young age since I'm turning 15 soon and desperate for a nice looking used car after I get my perment.

So basically I need around 15,000 dollars. I'm gonna get a job soon, but it would take years to get up to that high amount of money with only gettin paid minimum wage. As soon as I reach 200 dollars, I'm gonna open up a bank account and put in deposits from what I get paid from work, but maybe I'm thinkin to way ahead of myself.

I just wanna know what are some legit, legal ways to earn money at a sort-of high rate?

Answer 1

A nice looking USED car is NOT $15,000.  That will buy a nice looking NEW car that will resell for about $12,000 the next day.  Actually, the $200 you mention will by a decent set of wheels.  $2,000 will by a 'nice looking' used car.

To address the question you actually asked:  DO NOT SPEND money on ANYTHING.  If you don't have a job, visit EVERY neighbor and let it be known you will do ANY chores for a reasonable rate.  That includes yard work and cleaning for starters.  Any suggestions THEY have are welcome.

Answer 2

I wouldn't recommend buy a 15,000 dollar car for your first vehicle.  Please don't take this the wrong way, but as an inexperienced driver, chances are you are going to beat this car up, if not total it.  I would recommend a car for a 2 or 3 grand.  You can still buy a decend car (maybe not a chick magnet) but it will get you from here to there.  I am turning 28, and i just now bought my first 15,000 dollar car.  I have great credit, and that costs me $300 a month just for the car.  dont' forget that you have to register it, which is a percentage of how much the vehicle is worth(lets say 3% of 15000 is going to cost you $450, on top of what you just paid for as a down payment on your vehicle--because you dont' have a car to trade in).  And then there is insurance--a nice new car means you pay a lot more for insurance because it is worth a lot more if you total it then an old junker car.  And of course there is gas to consider for expenses.  

This answer might not be exactly what you are looking for, but from personal experience, I would not recomment a 15000 dollar car for a first vehicle for an extremely young driver.  good luck.

Answer 3

15,000? Why? Get a 2,000 car. You're probably going to wreck it anyway.

Answer 4

A website I use is CashCrate, and it's free and pretty easy. It's safe, and they don't let any personal info out. You have to be at least 13 years to join.

If you have any questions, go here:

http://moneyinasnap.blogspot.com/

Make sure you get consent from your parents first if you're under 18 years.

Answer 5

1. Overdraft

2. Bank loan

3. Credit Card

4. Dealership Credit

5. Car finance scheme ( Car Credit)

6. Save