Whats the process of buying a car?

Question

i want to go this afternoon... i have 1000 dollars and a 1997 jeep wrangler...

im 22 yrs old and a sub teacher. can i get a car by myself? my parents keep discouraging me... but i NEED a car thats reliable..and that has air condition!!

i want a scion xb-18000 dollars with taxes.

how does the financing work and insurance ?

Answer 1

  depending on your credit score they will ask for a down-payment and some kind of collateral they might even want a co-signer to be safe . that sounds like a lot but it is the way that I was told when I bought my car in MIchigan . hope this helps

Answer 2

If you are set on getting the scion. OK..here are my suggestions.  Go into a dealership thinking your credit is golden.  Do not let them think you know you have bad credit (even if you do or don't know)  Let them run the credit check to find out.  You may or may not qualify, but let them tell you.  Let them tell you you need a co-signer.  Basically let them do the talking.   Do NOT buy into a payment.  Get the bottom line of what they are willing to sell you the car for,  what your trade is worth, then talk about financing.  Don't let them sell you into a payment.  "You can afford this or that" is usually their line.  Do NOT buy into that pitch.  Usually with that kind of deal, they include all sorts of extras like warranties, insurance etc that you may or may not actually want.  And once you have signed the contract, you are pretty much locked in.

Insurance-if it is an extended warranty, it can be worth it.  That is your decision.  Depending on what you can afford, personally I would buy an extended warranty separately, and pay cash for the warranty.  If you have it added to any financial agreement, if you decide to cancel it later, it will come off your car payments and you will not get the cash back, it just comes off at the end of your car payments.    If it is a health/life etc policy, they aren't really worth the money.  You have to have car insurance.  If the vehicle is financed, you will have to have full coverage.  Most insurance companies will give you a binder on a new(er) car on your present policy.  A reputable dealership will actually call to verify that you have coverage or ask to see a policy covering the vehicle you are purchasing.  

Hope this helps.  Good luck.

Answer 3

Car financing is pretty stanardized but it's easy to make mistakes or let dealers mislead you. Here's a set of articles that might be helpful to you:

http://www.firstcarguide.com/finance/

.

Answer 4

Be frankly,It is gonna take a while to find the answer for your question.Try the resource here for reference.http://carinsurance.expertsupport.info/a...