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Are you someone planning to buy your first car? Then you must probably be a high school student, a college student or have recently been employed. Buying a car for the first time can be a pretty exciting experience. Here are a few tips below to help you out.

* Decide on which [link widoczny dla zalogowanych] car to buy first. Be reasonable and choose one that you can make a 20% down payment on. If you can’t do that, choose a different car. It’s best if you buy a car that you can pay [link widoczny dla zalogowanych] off within 4 years.

* Other than the loan payment, remember [link widoczny dla zalogowanych] that you also have to pay for the gas, insurance, batteries and a lot other things.

* There’s nothing shameful in buying a used car. Buying a used Toyota Camry or Honda Accord is actually a pretty good idea since they will give you safety, dependability and freedom from costly repairs.

* Don’t expect to get an auto loan for a car which is more than 5 years old. You will have to pay cash.

[link widoczny dla zalogowanych] * There is no return policy for cars. You can’t give it back because you don’t like it after 2 days. So decide well.

[link widoczny dla zalogowanych] * Most probably you don’t have a credit history if you are a first time [link widoczny dla zalogowanych] car buyer. This is one of the biggest hurdles you will face in getting a loan. You need to establish credit. You can get a gas card and credit card from your local department store pretty easily. When you use them, make sure you pay them off within a month. Don’t dare overspend as it is going to reflect badly on your credit history. In fact, the balance should not reach more than 50% of your limit. Do [link widoczny dla zalogowanych] this for 6 months. It will let you show some sort of a [link widoczny dla zalogowanych] credit history to the lender.

* Asking [link widoczny dla zalogowanych] your parents, a relative or a close friend to cosign with you is a good idea if you do not have an established credit history. This means [link widoczny dla zalogowanych] your cosigner will also be signing the loan papers along with you. It also means that your cosigner will be responsible for payments on your loan if you default. It is a matter of great risk and [link widoczny dla zalogowanych] delicacy and you have to make sure that your cosigner knows what he is getting [link widoczny dla zalogowanych] [link widoczny dla zalogowanych] into before he signs.

The most important barriers you are going to face when you apply for an auto loan for your first car are:

* Your lack of credit history will make it difficult to convince the lender

* Finding financing for a used car more than 5 years old is difficult, if not impossible

* Insurance for your car will be pretty high

* Dealing with car repairs and other maintenance costs will rake off quite a bit of your income

As a first time buyer, you should research well before you decide on finding an auto loan for your car. Happy car shopping!
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You can get a gas card and credit card from your local department store pretty easily.