Would a credit union give a college student an 8,000 car loan with no credit? and just started a new job?

Question

Would a credit union give a college student an 8,000 car loan with no credit? and just started a new job?

Answer 1

Maybe, the c u is BUT    .... but the car dealership SURE want to unload they new car inventory, just be careful u get a LOW LOW interst rate and cry poverty,... They need to get rid of their cars worse that you need one! They pay interes on those cars sitting on there LOT and WANT THEM GONE and will take the risk  Good luck,.. what color,... :-)

Answer 2

Look for a whole lot cheaper vehicle.  The only loan you will qualify for will have outrageous interest rates.  You will be so upside down on that vehicle, you'll have to drive it for the next 10 years to break even.

Answer 3

Maybe.  I got a bank to lend me some money for furniture when I got out of school, and had no credit history at the time.

Answer 4

probably not on your own. you will probably need a guarantor.

Answer 5

No.

The only way you would even have a remote possibility of getting the loan would be if you had the job for AT LEAST a year or longer.  Even then, it is extremely difficult for a student with no credit to get a car loan.

If you absolutely need a car right now, your best bet would to be financing through the dealer, though you should be prepared to see some high interest rates.

Answer 6

It might really save you time to just get an auto loan price online to check out what todays rates are.  You might be pleasantly suprised.  Also if your credit is not so great, a lot of them are more able to help you.



What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.