Looking for Finance my first car!

[Anonymous]

Hi all,

Since i've gotten my drivers license I've always bought cars cash, with the little cash that I had.  I've been buying $3,000-$5,000 dollar cars every year and switching around.

I think it's time that I get a proper car because I'm starting to get too old to do this stuff.  Plus, I think it would help me build some credit.

I'm just wondering, what kind of rate should I be expecting?  Or should I wait and build my credit for a little while longer?  

Credit Score:  EQFX : 622  TRANS: 619  EXP: 592

AAoA:

# of positive trade lines:

# of negative trade lines:

Income: $40,000 + overtime and bonus (last year $48,000)

Lenght of Employment:  3 Years

Previous Loan Experience:  None, Credit Card Cap one limit $1,500, Wells Secured CC $400 limit

Debt-to-Income (DTI): 10%

Year of Car: 2007

Miles: 85,000

Purchase/Refinance: Purchase

Requested loan term (XX Months): 48 Months

Down payment amount:  $2,000

Co-borrower/Co-Signer: N/A

Other:  First time purchasing a car.  Have student loans, which are defered (still in college), but still making payments.

[TRC_WA]

The lack of an auto history and overall credit history is going to hurt but you can probably secure financing just don't expect prime rates.

If it were me I'd probably to continue to pay cash while building my credit profile.