What exactly do I need to buy a car from a dealership?

 
Elai
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Due to current circumstances, I'm in need of a car. I'd like to get something that's good on gas and reliable, so feel free to suggest stuff, too. I was thinking Ford Focus or Hyundai Elantra/Accent.

I don't know the first thing about buying a car. I don't have anybody willing to help me out IRL with this. Do I absolutely need to make a downpayment? If so, what's the minimum I can put forward? I have virtually no money right now so that's also an issue. Any help is appreciated.


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"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."
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Find a cheap one on Craigslist and get a car fax on it


 
Elai
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Find a cheap one on Craigslist and get a car fax on it

Car fax?

How cheap are we talking here? I'd like something with low mileage that I don't have to pay all at once.


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"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."
β€”Judge Aaron Satie
β€”β€”Carmen
Find a cheap one on Craigslist and get a car fax on it

Car fax?

How cheap are we talking here? I'd like something with low mileage that I don't have to pay all at once.
you get reports on used cars there, to make sure there's no lying going on


 
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Okay, so, down payment requirement is mostly gonna be dependant on how much you want to or can finance. I only dropped a grand down front in my new used ride (2007) cause december/Novemberalways fuck me hardcore (and that's when I needed a new car) and I got a long loan time.
Might pay more in interest down the road, but that's down the road.


 
Elai
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you get reports on used cars there, to make sure there's no lying going on

Oh, I see. That makes sense.

Still, I'd rather have some sort of bi-weekly payment plan like I would have through a dealership that allows me to not have to front a shit ton of cash right now.



 
Elai
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Okay, so, down payment requirement is mostly gonna be dependant on how much you want to or can finance. I only dropped a grand down front in my new used ride (2007) cause december/Novemberalways fuck me hardcore (and that's when I needed a new car) and I got a long loan time.
Might pay more in interest down the road, but that's down the road.

So the more money I put up for a down payment, the longer (and more expensive) financing I have to go through?

For example, if I put down 1K, I'd have, say, $120 bi-weekly finance for 72 months. But if I put 5K, I'd have $120 bi-weekly for 24 months? (Or something like that...)


 
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This is not the greatest sig in the world, no. This is just a tribute.
Okay, so, down payment requirement is mostly gonna be dependant on how much you want to or can finance. I only dropped a grand down front in my new used ride (2007) cause december/Novemberalways fuck me hardcore (and that's when I needed a new car) and I got a long loan time.
Might pay more in interest down the road, but that's down the road.

So the more money I put up for a down payment, the longer (and more expensive) financing I have to go through?

For example, if I put down 1K, I'd have, say, $120 bi-weekly finance for 72 months. But if I put 5K, I'd have $120 bi-weekly for 24 months? (Or something like that...)
The more you put down, the less you have to finance.


 
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The Rage....
good credit helps


 
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This is not the greatest sig in the world, no. This is just a tribute.
Find a cheap one on Craigslist and get a car fax on it

Car fax?

How cheap are we talking here? I'd like something with low mileage that I don't have to pay all at once.
you get reports on used cars there, to make sure there's no lying going on
not every garage participates in carfax's system and home maintenance in never reported.
Use it as a nice starting point, but don't go in blind on it alone.


 
Elai
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The more you put down, the less you have to finance.

So I'd be paying a smaller amount every two weeks for the same amount of time.


 
Elai
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good credit helps

What about no credit?


 
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The Rage....
good credit helps

What about no credit?
no idea how it works in canada. but youll probably pay higher interest and stuff on a car when making payments.


 
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This is not the greatest sig in the world, no. This is just a tribute.
The more you put down, the less you have to finance.

So I'd be paying a smaller amount every two weeks for the same amount of time.
or the same amount for less time.
It all depends on your loan terms, bro.


 
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a small loan


 
Elai
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That hurts. Alot.

In what way?

I just turned 18 last month so it isn't like I had a long time to build up credit...


 
Elai
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or the same amount for less time.
It all depends on your loan terms, bro.

What's preferable, smaller amount for longer time, or larger amount for shorter time?


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Is it possible for you to get  a loan? Even a small one to make halves with whatever you already have.

Also look for used cars online. Dont go to a dealership for god sake.


 
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Is it possible for you to get  a loan? Even a small one to make halves with whatever you already have.

I'd rather not take out a loan if I can avoid it.

Quote
Also look for used cars online. Dont go to a dealership for god sake.

Those used cars you find online are sold at dealerships... pre-owned or something like that.

Plus you don't often need to worry about problems with your vehicle at a dealership.


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Loans are a thing of life, its best to start now so you can accumulate a good credit rating if you ever want a large loan or a home loan, which I assume anyone needs.

Best to get out a small loan and pay it out over a few years.


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For the dealership itself I would avoid the ones that have a decent amount of vehicles which have expired inspections.


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Elai
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Loans are a thing of life, its best to start now so you can accumulate a good credit rating if you ever want a large loan or a home loan, which I assume anyone needs.

Best to get out a small loan and pay it out over a few years.

What would you consider "small"?


 
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The Rage....
Loans are a thing of life, its best to start now so you can accumulate a good credit rating if you ever want a large loan or a home loan, which I assume anyone needs.

Best to get out a small loan and pay it out over a few years.
or dont get loans and pay off credit cards in full instead of partially.


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Loans are a thing of life, its best to start now so you can accumulate a good credit rating if you ever want a large loan or a home loan, which I assume anyone needs.

Best to get out a small loan and pay it out over a few years.

What would you consider "small"?
Anything up to $5000

Usually 3-4K is good.