I will graduate college this spring and will be starting a job with a salary of 70k (not I-banking, so no anticipated bonus on top). However, as it's not in NYC, I will need a car by June, and was thinking of buying used for roughly 15000. I have no money stashed away, and won't have any by the spring. I don't have any handle on my credit score, but I have paid off my credit card in full for four straight years, and have been offered the gold amex many times over the last year (not sure if that is any indication).
1) Can I get a used car loan with no down payment?
2) Is 15k for a used car too much for someone on my salary? As long as interest payments weren't ridiculous, I'm under the impression that I could pay off the loan within a year.
1) Can I get a used car loan with no down payment?
2) Is 15k for a used car too much for someone on my salary? As long as interest payments weren't ridiculous, I'm under the impression that I could pay off the loan within a year.