My Situation
-19 years old
-enrolled in college
-no/little credit
-parents with not so good credit already cosigning
-need a new car this summer
-need loan for about 8k
I have no idea how to go about the loan process and every one tells me something different. I am looking for a a very specific car, so i don't want to go to a guaranteed credit dealer with less desirable cars. I'm looking at cars for around 13k but by summer i will have 4-5 to put down and a trade in (93 grand Cherokee with 178k miles) but i don't assume to get much from that, which raises another issue of dealer trade in VS. private listing. But in the end i expect to loan 7-8k. My parents have not so good credit and they are paying off a truck a car and recently cosigned for my sister. My brother has perfect credit but has 2 trucks a bobcat and a new maxima under his name so i don't know if i can go that route. I know i won't get a wonderful rate but i also don't want to get screwed over or tricked by all these online "gauranteed approvals" I want to be ready to negiotate when i go to a dealer without letting them grab me by the balls, and having to except what ever they tell me.
I can use all the input and advice people can throw at me.
Thanks