Need alittle advice for first time buyer...

[Carloscda40]

Before anyone says it yes Iknow buy outright. That being said I'm trying to help my young nehew out with his first purchase. His CCS is 0 because of no prior credit history so looking into a first time buyers program.

We went one of those "Buy here pay here" placesyesterday and if I was that type of person I would've cursed the sales person out!

First off they had us waiting for 2hrs yes 2hrs before they got around to us saying they were short staffed, which should've been a sign to leave right there! Why have him make an appointment and have people waiting like that?!

Then they were trying to sell him a 2001 Escort 70k miles for get this $440mo and that's not even including insurance!! I was like Really dude!!

Any advice I can use to help him out would greatly be appricaiated.

Thanks in advanced!

[Mike360]

I don't recommend anyone buying a car with no credit history especially on limited income which i'm assuming is true in his case. i got my first loan at 19 with about a year history with 2 credit cards. i was required to have a co-signer.

If he's unable to find a good co-signer i would suggest looking at building some history on some secure credit cards and wait about a year and try to apply at a dealer. If he must have a car i'd suggest finding one local. get a good mechanic and find one on craigslist. Avoid buy/here pay here unless u know a good mechanic..those places don't care what happens when you leave the car yard. most of those cars are vehicles that people give to charity and are sold at auctions.