car loans

[ksinao]

i wondering about how to go about getting a car loan. there are a couple really nice cars that i am looking to buy. most of them are civic hatch's, and eclipses and whatnot. the problem i am facing is that most of these cars are way over kelly blue book value, due to the mods and shit. and banks look at that. does anyone know exactly how much a bank will loan you? will they only go to the blue book value and no more than that? i am an (almost) 18 year old, with no credit history, so i know it is going to be very hard. although, my mother who has perfect credit history is going to co-sign for me. what would the most they loan me be? how would i go about getting a car over the kbb value?

[sshonda2004]

alright man check it, im 19 years old and i was able to get a car loan for 12,000 at a dealership, with no cosign or downpayment, what you need to do is go to some financial agencies like Dacula finance or world finance and ask them can you get a starter loan so you can establish some credit and after you pay off that shit you should be able to get yourself a loan.

[ksinao]

how much was your interest though?

[ueyedgr8tness]

Ok bro i am 20 and i got a score of 705-703-696 now the problem is they want to c that u got some come kind of credit like a card are a loan they dont want u to max the card out just have the account open,I am trying to get a s2k are a rsx right now so i am having the same problem.

I say let your mom co-sign for u cause it will get your score up high faster and the will c that it is a big loan and that u are responsible with it,As for the loan when u look on KBB u want to look at the trade in value cause thats what 85% of them will loan u on it.

Oh and by the way my score went from 590 to a 705 in just 6 months from having a bike loan open for 5k,With a co signer

[ksinao]

what does your credit start as?