I want to buy a car but have no idea what to do

[Vandelay]

I need a car for school and work. Right now it takes me about an hour and a half just to get to work. that cuts outs a lot of time from school and it's just a hassle. If I wasn't in dire need right now I would save but I can't do that.
On the other hand, I want a car that'll be good for the next 5-7 years so definitely not a bo bo.
Also is buying a car with over 100k miles a good idea?

Gas mileage should be your only concern. With that much driving, even if you get a brand new car you are going to put a beating on it. Honestly, I'd get a '98' 2 door honda civic and run that mu'fukka til the wheels fall off.

 

[Fart Knocker]

that's the thing Idk what should be my payment goal. To put things into perspective the only expenses I have are my credit cards which are about 100 a month, food, and I help out my family.
I also pay on my student loans but that isn't required if I need to make adjustments.

a $20,000 car would be roughly $400/month. a $25,000 car...$500/month. $30,000 car...$600/month etc.

the tough part about financing used cars is that it is tough to find a bank willing to set up a loan for any car older than 2007ish.

 

[Malta]

Should I buy a car from a private seller and get a loan through my bank
or head to the dealership and finance it through there. Which one would be better for me?

If you're going to take out a loan go to the dealer, you're protected by lemon laws if you buy from a dealer, if you buy from a private seller you have to know your shyt when it comes to cars IMO cause most states do not protect private buyers if the car turns out to be shyt.


You can get 08-10 certified Civics for around $11,000, which should be about $250 a month.

 

[Aceofspades404]

Gas mileage should be your only concern. With that much driving, even if you get a brand new car you are going to put a beating on it. Honestly, I'd get a '98' 2 door honda civic and run that mu'fukka til the wheels fall off.

Naw, my job and school are less than 5 miles away. The reason why it takes me so long is that I have to take the bus and transfers.

 

[Will Ross]

$20,000 salary = $4,000 car

$40,000 salary = $8,000 car

$80,000 salary = $16,000 car

$140,000 salary = $28,000 car

$200,000 salary = $40,000 car

 

[Vandelay]

Naw, my job and school are less than 5 miles away. The reason why it takes me so long is that I have to take the bus and transfers.

Oh well, then see my original post.

 

[Aceofspades404]

$20,000 salary = $4,000 car

$40,000 salary = $8,000 car

$80,000 salary = $16,000 car

$140,000 salary = $28,000 car

$200,000 salary = $40,000 car

ok but how likely would I get a $4,000 car that didn't cause me any problems?

 

[MJ Freedom]

You don't want to hear it but more than a car you need to figure out a way to earn more money.

 

[MikelArteta]

Honda civic or Toyota corolla

Check with your insurance company which will be cheaper.

Bring a mechanic to inspect

Can get a loan for a car but not for europe ehh

 

[MikelArteta]

Get a mechanic to inspect and buy a Japanese car.

Run the Carfax.

There is a reason why so many old civics and corollas are on the road they last long

ok but how likely would I get a $4,000 car that didn't cause me any problems?

 

[HookersandIceCream]

ok so I have a credit score of 671...I know
I make about 400/week after taxes.
I have no savings so I will have to get a loan.
Thing is idk which route to go.
Should I buy a car from a private seller and get a loan through my bank
or head to the dealership and finance it through there. Which one would be better for me?

Thats not bad. You have a steady income and a decent credit score
You should be able to get a loan from a credit union or bank.
Capital one is one bank who gives out loans which are pretty reasonable without great credit.
I was able to get 25K at 4%.Only catch is they have a list of dealers who you must buy from, most of them are company branded dealers.

Apply for a loan first. The rate will usually be lower than any dealer can give you, and if you get approved you get a same as cash check from the bank.
http://www.bankrate.com/auto.aspx

 

[Aceofspades404]

You don't want to hear it but more than a car you need to figure out a way to earn more money.

I can only work part time b/c I go to school.

Can get a loan for a car but not for europe ehh

I would need a private student loan...i do not qualify.

 

[MJ Freedom]

I can only work part time b/c I go to school.

I would need a private student loan...i do not qualify.

There's thousands of different ways to make a dollar.

 

[Aceofspades404]

There's thousands of different ways to make a dollar.

I'm saying I don't have time and I'm at the point where I can survive so I'm not gonna go chase money while I half ass in school

 

[13473]

why not do half time in school one semester while working full time? the two classes can be made up during may/december semester. you'd be able to fix your financial issues too. i think the car will only create more issues especially if you must take out a loan for it.

when do you plan to take out the loan? you might try getting a secured credit card to bump up your credit score if you don't plan to buy very soon.

i know a student who bought from a dealership and it did break down within the year.