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Buying a car during your Bar Summer

Posted: Mon Mar 07, 2016 10:39 am
by kcam1991
I graduating from HYS in 2016 and need to buy a car as soon as possible. With no paystubs until September, will I have trouble getting loans from a reputable provider? Does anyone have any experience with this?

Re: Buying a car during your Bar Summer

Posted: Mon Mar 07, 2016 10:46 am
by vball1
I think Nissan will let you buy within 90 days of your start date through their college grad program.

http://www.nissanusa.com/college-grad

Re: Buying a car during your Bar Summer

Posted: Mon Mar 07, 2016 2:13 pm
by kalvano
Take your offer letter in. As long as you have some decent credit history, the offer letter should be sufficient when combined with the recent graduation.

Re: Buying a car during your Bar Summer

Posted: Tue Mar 08, 2016 2:17 am
by Serett
You won't have a problem as long as you're graduating from HYS, but because of the energy downturn, car loans are tough for CCN grads right now.

Re: Buying a car during your Bar Summer

Posted: Wed Mar 09, 2016 6:45 pm
by jbagelboy
Serett wrote:You won't have a problem as long as you're graduating from HYS, but because of the energy downturn, car loans are tough for CCN grads right now.
Yea I don't understand how where you go to law school is relevant at all..

What's your credit score? Some dealerships and banks will take your offer letger for the purposes of a car loan.

Re: Buying a car during your Bar Summer

Posted: Wed Mar 09, 2016 7:28 pm
by kcam1991
jbagelboy wrote:
Serett wrote:You won't have a problem as long as you're graduating from HYS, but because of the energy downturn, car loans are tough for CCN grads right now.
Yea I don't understand how where you go to law school is relevant at all..

What's your credit score? Some dealerships and banks will take your offer letger for the purposes of a car loan.
760

Re: Buying a car during your Bar Summer

Posted: Wed Mar 09, 2016 7:37 pm
by jbagelboy
kcam1991 wrote:
jbagelboy wrote:
Serett wrote:You won't have a problem as long as you're graduating from HYS, but because of the energy downturn, car loans are tough for CCN grads right now.
Yea I don't understand how where you go to law school is relevant at all..

What's your credit score? Some dealerships and banks will take your offer letger for the purposes of a car loan.
760
Ya you're prolly fine

Re: Buying a car during your Bar Summer

Posted: Fri Mar 18, 2016 3:17 am
by orangered
jbagelboy wrote:
Serett wrote:You won't have a problem as long as you're graduating from HYS, but because of the energy downturn, car loans are tough for CCN grads right now.
Yea I don't understand how where you go to law school is relevant at all.
It's all about managing risk. Lenders want to be sure they'll get a return on their investment. HYS has always been ironclad, but after the downturn confidence in CCN has been shaken. It's coming back, but it'll take time. Fortunately OP is from HYS so there's no issue, but I wanted to clarify in case graduates from CCN have the same question.