Go Back To Search Results Question Do banks finance car loans for first time buyers on used cars? I am looking to buy a used car. My mother believes that i cant get financed because Im a first time buyer and it would be a used car. Thanks By Posted on 05/19/08 Total Answers 3 Answers- You may need a co-signor but you can get a loan. Everyone is a first time buyer once in their life. You gotta start somewhere. Try a local Credit Union to help establish your credit. Answer by : mccoyblues On Date 2008-05-19 10:40:16 It depends on the bank, if you are in good standing with a bank with which you have an account you can technically get a loan for anything from them. It may be the way to go, since car dealerships often broker loans with high fees and interest in order to get approval for those of us who have little or no credit established. Get a credit report first so you know how much barganing power you have, and try to have a cosigner lined up just in case. Also don't over reach. If you know that you can only afford a payment of $150 a month, don't go for the bigger loan just because they approve you. Only you know how to handle yourbudget-don't let a schister mess you up. Answer by : muddledfox On Date 2008-05-19 10:47:00 Yes you can get financed But it depends on you age (cant sell a car to a minor) and if you mom wants to co-sign. you will need a co-signer to get it Answer by : matt o On Date 2008-05-19 10:57:23   Go Back To Search Results