Sunday, May 8, 2011

Car Loan/ Financing for an 18 year old in milwaukee wisconsin?


hey,- my names emily... i am out on my own and working two jobs. i need a car right now i walk to work but i am going to be going to school shortly. i have 1,000 dollars set aside for a car but i would rather have a loan or have to do monthly p-ayments... my classes start in like 2 months and i dont have a car! i would rather get a used car thats like under 10,000 dollars and reliable. obviously i wont be able to buy a car around 7,000 by 2 months. i was wondering if anyone knew the easiest way for me to get a car if i have a down payment and do monthly payments. i have no credit that i am aware of and im 19. my parents arent in my life anymore. i really need some advice or if anyone has a good dealership that works with younger ppl or something. idk i need advice asap! thanks!
Buying & Selling - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.deep-ice.com
2 :
I live in Milwaukee and about 3 years ago when I was 21, I had financed my car thru a credit union called Marine Credit Union. There's one on 35th & St. Paul and another one on 76th & Bluemound. My parents have horrible credit so they couldnt co-sign for me so I did it myself. My interest is kinda high but I really wanted a nice car. Marine Credit Union said I was available for a $8000 or $9000 car loan. The car that I wanted cost about $8800 and I had a $1000 down payment so I had financed about $7800 thru the credit union. My payments was about $200 for the first two years but this year I've been giving them $350 a month to pay them off early. This time next year I'll have the car paid off. I cant wait.