How to get a car finance

How to get a car in the United States finance

Hi friends today i’m gonna tell you important um information so you can get a car on the united states so as you can see i have a camaro lt1 2021 and i’m gonna tell you how you can get a car uh finance by a bank so you can get your dream car so we’re i’m gonna start with number one so number one you need a good credit score so maybe uh maybe you’re saying

Why do i need a credit score to get a car or so you need a good credit score because a good credit score means that you have paid uh all for example if you get a a new phone and you’re paying each month 20 thirty dollars and you pay your phone uh you pay all your phone by the end of the year so that means that you that you’re getting a good credit score because

You’re paying and you’re and you finish paying your your product that you got so so that’s why a good credit score for for getting car is gonna be like 700 points uh it’s very good to get cars 700 points and up is a very good credit score to get a car so that’s why a lot of people recommend you recommend uh young people like for example to get a phone or to get

A laptop or something that you can pay each month so it can give you a good credit score so that’s why when you go to a dealer friends uh the bank is gonna see that you have a good credit score because you you pay all all the things that you got you pay them and you pay and you finish paying them and that it’s gonna give you a good credit score that bank is gonna

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See that you pay and that’s and they can give you a card and also a good credit score means that they’re gonna give you a low inter interest rate and is and you’re gonna have a a better payment each month so that’s why it’s very important to get a good credit score so the second thing that that you need to get to get a car in the united states is going to be

Having a history of your credit of things that you got and you paid them for for example uh a lot of people say says that you need to go and get for example a watch or something like the brand new iphone and and you finish paying all the the stuff that you got so the bank can see that you have got uh you know that you have pay things that you have gotten

For for example uh you can get a phone a phone or a laptop and pay them full paid all the all what it cost so it can give you a good history that you have paid and you have been successful paying all the stuff that you got so that’s why uh you need to get like a phone or something so you can go so you can get a a lot of history that you have paid successfully

Everything so that’s why it’s very important to have a good history that you have paid uh your products successfully so the third one is gonna be friends um that you need to prove that you live in the united states so for example you can improve by your driver’s license you need a driver license to get a car so uh that that can prove that you live right here in

The united states and the fifth trend is uh your work history something uh that that proves that you that you work and that you receive money and that you can pay a car because if you don’t have a history that you work the bank is not gonna it’s not gonna give you a loan to get a car because you don’t have history that you work because the bank is gonna say

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How do you how do you get money and that’s why the bank needs to see how do you get money each month where do you work and if you can afford this kind of car so it’s very important to have a history of where you work history of where you work so friends uh if you don’t have the steps that i told you before this one is very nice is by asking your parents that

They can co-sign you for example before when i have 18 when i you know when i was 18 years old uh i didn’t have good credit score i didn’t have history of of a word if i work and the only option was asking my parents if they can co-sign me to get a car so i told my parents and my parents agreed that i can that they can come sign me and get a car because my

Parents had you know good credit score uh history of of everything so my parents call co-signed me and i got my charger so you can ask your parents if they have if they can co-sign you to get your first car so that’s a very nice step and another important thing that i need to tell you for example a lot of people are you know that that don’t work because they

They have a business or everything if you have a business and you don’t have proof that you have you know that you work on some place so don’t worry guys you can give a good down payment to prove that you win a lot of money each month for example if you have your own business and everything uh and you don’t have proof the proof to the bank how much you got

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Money you can give a very good down payment and they can give you a card also a good down payment will be uh giving uh ten thousand dollars and that can that can prove the bank that you have money and that you can pay the car so the another important information that i didn’t tell you friends is the down payment for example if you if you give it down payment a

Good down payment it’s gonna tell the bank that you have a lot of money and they can give you a low interest rate and also they can give you a very a better a cheaper monthly payment so if you give down payment uh it’s gonna lower your interest rate and it’s gonna give you a better payment each month so friends uh does that some steps that you can use uh to

Get a car but if you want to get more information go to your dealership and ask them what is the steps to get a car so they can explain you better and i’m gonna make another video ex on my experience getting this car so uh stay tuned for that video and thank you for watching my video friends and i’m gonna do that video maybe uh in a week and i’m gonna explain

My experience how much of a down payment and everything or how much i pay each month and

Transcribed from video
How to get a car finance By JonMar