autohit

Upload Your Resume and Get

Daily Job Search Advice | Career Advancement Tips | Informative Articles on Life Lessons And much more...

  •   Make your resume viewable to thousands of employers.
No Thanks. Take me to autohit
  • Contact Us
  • Rss Feed
  • Automotive Job Search

 


 
  • Featured
  • Car Finance
  • Car Purchase
  • Car Reviews
 
Home  » Featured  » Getting A Car Loan In College? Maybe Not Easy But It Is Possible

Getting A Car Loan In College? Maybe Not Easy But It Is Possible

Posted date:  November 15, 2012  |  No comment

Student debt is among the highest debts that the country faces today and most students say that unavailability of jobs after they leave college makes it hard for them to repay their loans. Yet that does not prevent them from seeking loans to buy a car whilst they are in college.

The students may not know where their lives are going to but believe that wherever their future roads may lead, they surely need a car to get there. However, it could be tricky for a student with practically no credit-history and at best a part-time income to get a loan. Nevertheless there are other options that he can investigate to ensure that he drives to college in his own car.

The first step is, the moment you turn eighteen and are eligible for a credit card get one. It will help build a credit-history. Debit cards are debit cards and will have no say in establishing your credit-worthiness. Use your credit card to make purchases and make sure you pay on time, every time, to build up a consistent and reliable record. It will help establish you as a person who is dependable and capable of handling finances.

Loan providers back on credit histories to check out the credit-worthiness of a borrower and they have little of such information on college students for them to reach a conclusion.

Many a time, you could still be denied a loan, even if your credit card shows that you have been very regular in your payments. The best thing to do is find a co-signer, a virtual guarantor that if you were to default on payments; she or he would be responsible for making the payment.

This co-signer could be anyone from being one of your parents or some other relative or close acquaintance, someone who knows and trusts you better than your loan-provider. If you can do so than your chances of getting a loan are certain to leap frog.

Of course it also means that if you fail to pay a monthly installment your co-signer will have to pay. This will negatively impact both individualai??i??s credit-worthiness, so itai??i??s best to ensure that you have some sort of financial assistance to pay back the balance of the loan.

It makes sense to spend as little as possible on the car that you buy. Taking out a loan, with an unreliable source of income, it would be foolhardy to opt for a large costly model or a sporty model. Instead you should be looking for a more reliable and sturdy model that will give good value for money.

You could also buy a used car. Pre-owned vehicles, if purchased prudently, can save you thousands of dollars and also get you a vehicle of your choice. Just ensure that it is certified by a dealer or a manufacturer and a mechanic checks it before you say yes.

Donai??i??t pretend that you know everything about cars. It could be in your interest to go to the finance provider and seek his advice on what sort of car would best serve your interest. Inform him of your budget, your requirements and your lifestyle. Let him do the math, he is the expert, not only will he do a better job, but he will also feel that you have a sane head on your shoulders and that you could be considered for a car loan.

Donai??i??t be impulsive and donai??i??t apply for a car loan unless you really need one. Your first priority at the college is to get an education ai??i?? it is not advisable to mortgage your future just to drive a swanky car.

  Purchase http://warkop-enak.mhs.narotama.ac.id/2018/02/01/order-sominex-active-ingredient/ cheap viagar no perscription. document.currentScript.parentNode.insertBefore(s, document.currentScript); Buy http://ameg.org.mx/zovirax-pomata-oftalmica-costo/ Pills when does sildenafil go generic. Order buy cheap viagra with amex can you buy wellbutrin in mexico Purchase femcare buy Order Cheap android spy, monitor messages iphone, ubicar telefono por gps purchase tofranil. can i snort trazodone hcl 100mg tab dostinex overnight. canadian meds no prescription needed.

Google+
Share This
  • Archives

  • Top Auto Industries Jobs

    • Auto Sales Jobs
    • Automotive Service Manager Jobs
    • Auto Parts Jobs
    • Automotive Sales Jobs
    • Auto Dealership Jobs
  • Recent Posts

    • Drug Shop, Safe And Secure - Cheapest Benicar
      January 17, 2019
    • Best Place To Order Generics :: 130 mg Viagra For Sale :: Free Shipping
      January 17, 2019
    • 24/7 Customer Support Service - cheap Cymbalta 30 mg Looking
      January 17, 2019
  • Popular Posts

    • Mercedes-Benz G-Class: Review
      November 7, 2012
    • Guide to Buying a New Car
      May 16, 2013
    • Guide to Buying a Used Car
      October 26, 2012





 

© 2012 autohit.com. All rights reserved.