When you have landed a good job out of college you first want to get a vehicle that runs without any complicated issues. The best way to get a car if you are fresh out of school and you have not build up any form of credit history besides having a cell phone is perhaps going to a typical buy here pay here car lots in Arizona that will give most college graduates a chance to drive as long as if they can prove income.
Showing proof of income for a car purchase is usually the matter of breaking out the pay stub or a w-2 tax document to show how much you gross or net each month. The finance office will take an average if your income is seasonal or if you do not have the money that most people have on their paperwork.
Financing A Vehicle At Used Or BHPH Dealers
While this may not look like a lot of income this is the only way the car dealer can prove how much you make and can afford for the car payments. It is critical to buy something you can handle as far as an obligation so you will not default on the vehicle and both parties will be satisfied.
We have seen some changes in the finance arena for these used trucks and those that have a trade in may be able to take a better lead way to ownership because you can perhaps have some good re-sell equity in your current car. The better the vehicle the easier it is to trade it in a get a different car. Some will ask why you would trade in a good vehicle for another good vehicle.
I try to explain that people upgrade their family and taste for the desire to purchase something bigger or smaller. Yes, this allows the car market to be more liquid and diverse that will enhance the competition and better the overall customer experience.
We want all the customers to have a way to get what they want without needing to drop their whole life savings on vehicle. After looking online for some of these options one may get tired or frustrated that these dealers are not giving them what they are looking for. I say you have to sometimes make a call or go the extra mile and drive down there. This may be a drag because gas prices are so high and nobody wants to spend hundreds of dollars on something when they may get nothing out of visiting all the variety of car dealerships.