What can I do?

[mlwright7819]

I'm currently looking to buy a used car next year. I need some advice on what I can do to get financed and what are my odds? I have limited credit history and no auto loans are installment loans at all. I have two credit cards with only $300 limits on them I opened in February this year and both have no balance currently. I had credit cards in the past but cancelled all them stupidly. My average credit length is only 4 years or so. I have no negatives or late payments on my file at all but do have 5 to 6 inquiries on my credit file. I plan to buy a car between $25,000 and $28,000 with $10,00 to $12,000 as down payment. I also started a new job in February as well and I'll make between $30,000 and $35,000 this year.. How long must I be at my job before length of employment isn't an issue? I might be able to have my mom add me to her credit card so I can piggy back off of it. She's never been late at all and has a high limit of $5000. She currently only has a few hundred dollars charged on it. I really want to do this on my own without her help. I have no rent or mortgage payments either. My scores all are in the low 700's currently. 

[Anonymous]

Your limited job history and limited accounts are going to be your difficulties here.

However with your decent credit score and large down payment, I think you will have no issue being approved.

[oscar_actuary]

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@mlwright7819 wrote:

. I plan to buy a car between $25,000 and $28,000 with $10,00 to $12,000 as down payment

. I also started a new job in February as well and I'll make between $30,000 and $35,000 this year

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I don't know your answers.  Possibly they'll want a cosigner for a limited time and then you can refi without her

more important question is why in the world would you spend 80% of your salary on a car ?

[lajntx]

You *MIGHT* want to look at Ford unless you really dont like Ford vehicles. With FMC I`m willing to bet a high volume Ford Dealer could probably put you into a nicely equiped brand new car/truck in the price range you are wanting with as good as ( and probably better ) as of a rate you would get on a used car.

If you are interested in a Ford and are not X-plan eligible through your employer already, you can join EAA for $40 a year. It does come with a 60 day waiting period though.

http://eaa.org/ford/

[Creditaddict]

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@mlwright7819 wrote:

I'm currently looking to buy a used car next year. I need some advice on what I can do to get financed and what are my odds? I have limited credit history and no auto loans are installment loans at all. I have two credit cards with only $300 limits on them I opened in February this year and both have no balance currently. I had credit cards in the past but cancelled all them stupidly. My average credit length is only 4 years or so. I have no negatives or late payments on my file at all but do have 5 to 6 inquiries on my credit file. I plan to buy a car between $25,000 and $28,000 with $10,00 to $12,000 as down payment. I also started a new job in February as well and I'll make between $30,000 and $35,000 this year.. How long must I be at my job before length of employment isn't an issue? I might be able to have my mom add me to her credit card so I can piggy back off of it. She's never been late at all and has a high limit of $5000. She currently only has a few hundred dollars charged on it. I really want to do this on my own without her help. I have no rent or mortgage payments either. My scores all are in the low 700's currently. 

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How old are you (if I may ask)?

What banks are your 2 credit cards with?

What car are you looking at buying? (used $25k?)