Well it's time for a new car (used). I'm 20 years old have been driving an 83 mustang glx 5.0 with 350 hp since I was 16 (tuned myself). Well this car gets like 8 mpg, I need a more fuel efficient car. I have my eyes fixed on a honda civic, from years 1996 - 2005. Either the Ex or Si, no base models. I really don't know where to start. I have good credit but very new credit. I've had a credit card since I was 18, use it and pay it on time, it currently has no debt. I have a student loan only like 1000 bucks though. I have a few choices already. How should I go about purchasing my new used car? Any input would be great. Thanks Everyone! :biggrin:

First off, I'd get a copy of my credit report along with credit scores possibly from the 3 reporting agencies as they can vary greatly. Make sure all the info is correct on the reports as one small error can really impact your score. It sounds like your doing the right thing and that can be a positive. Are you a member of a credit union? They tend to have better loan offerings than a regular bank and are more flexible on terms and who gets approved. You can fill out a loan application to see how much you can get "pre-approved" for and then have an idea of a budget. Don't forget to factor in such extra costs as taxes, licensing/title fees, and a possible increase in auto insurance premiums depending on how differently the new car is rated compared to your Mustang.

Hi,

Just saw your post and thought this information would be very useful for you.If you want to find a good car for a low price the best place to go is LINK REMOVED BY MODERATOR - UNAUTHORIZED ADVERTISING. There under vehicles section you will find latest and used cars which are for sale.

Thank You.
shank

My advice is always to pay in cash, if you can help it. But if you do take a loan out, a credit union is your best bet. 97ventureowner has offered some good advice. Though I don't think you'll have to worry about your insurance going up if you switch from a Mustang to a Civic. lol

In the meantime, check out used car prices (http://www.buyingadvice.com/used-car-prices.html) and see what kind of budget you'll need. I'll warn you that the Civic will cost you, since everyone's buying them these days. You might consider a fairly recent Ford Focus, which also has good reliability/gas mileage, and is much cheaper. Of course, it doesn't have all the appeal of a Civic Si.

If you have financial problem you should start up with the financial arrangement. Why dount you apply for the auto loan? Finding an
Instant Auto Finance loan at reasonable rates and terms can be very difficult. link removed by Moderator - unauthorized advertising loan programs offers a no cost, no hassle approach to helping people with bad credit issues find a new auto loan or used auto loan from the privacy of your home