If you get a secured card now, preferably through a credit union with hopefully no annual fee and low interest rates, you can establish a history at little expense to your wallet. So, when you do go in for financing on an auto loan, you can continue your business through your credit union, and not sacrifice the extra hundred dollars or s a month on a first time car buyer high interest rate.Plus, the credit union will know you, and you can aim for a discount.
With a secured card, provided fees are in check and all, you can pay the balance in full each month and skip the interest fees. But if you show up with no history for an auto loan, you are at the lenders mercy, with very high interest rates that you can't skip. They are figured each month into your payment.
You'll save a lot more money in the long run with a secured card first, and letting it establish for the 5-7 months. Otherwise, prepare for an interest rate of about 18-25% for auto, when you could have been "practicing" for about 8.9-18% with a secured card. Like I said, if you figure out the billing cycle right, you can actually pay the balance before they add in the monthly interest. :-) So a loan for free! lol
Good luck!
