It's also possible that your short job history may be causing difficulty getting the car loan. When I was 24 I was attempting to finance my first car, a 2006 Subaru Forrester, and I could not because I had only be in my job for about 4 months. Even though I was making 36K that was the reason I was denied.
I used my father for a co-signer, something I actually recommend. The reason I say this is because I was able to get 5.24% for 60 months out of my then insurance company, State Farm. I don't know what the rates would be right now with the current economy, but I don't see anything wrong with getting a co-signer, as long as you understand that if you default you're ruining your co-signer's credit as well.
My father knew I would go without food before I stopped making payments on the car, which is the only reason why he co-signed. And even though I would have liked to do it without him, it got me the car I wanted with a lower interest rate. And I wasn't too prideful not to take advantage of that situation.
Message Edited by woopah on 12-29-2008 06:20 AM
