financing a car first time

[Board]

hey guys...i just graduated college and am looking to buy a car. I started my own company and work for myself currently. You think I would be able to finance a car..considering I dont have any real credit right now?

 

[exotic_island_girl]

If you have the $$$ they won't care if you dont any credit history.

 

[Raptorex]

Schwinn S350 Electric Scooter

$199.67

IN STOCK

 

[Lestat]

if your credit score is decent and you can provide proof of income, then sure.

 

[JKerry]

as long as you can have your accountant provide records of income, and you've employed yourself/been in business for 2+years, and have a decent credit score you shold be okay. without those if you can get financed make sure you watch what interest rate they give you.

 

[Board]

taht the problem...i just started this business and right now its going great. I dont ahve any long term records of income, but i will trading in a car worth about $10k and mayeb another $5k down.

is it easier to get a lease?

 

[JKerry]

go talk to them, you may need a cosigner. sometimes with a high credit score you can do what is called a stated income loan. i know they do this with home mortgages, not sure if it works with cars. good luck, credit can be a frustrating concept sometimes.

 

[Razorguns]

i got a car in 1994 w/o any credit and nothing but a few paychecks after i got out of college.

new degree. new job. i was pretty low risk and hence i got good terms.