*Loan,banking and credit>>>auto loan

Auto loan limited credit history?

I need a car after driving my 1986 toyota with no problems it finnaly went out . thing is i dont have much credit history nor do i have someone to co sign for me. Im basicly a 19 year kid living on my own and trying to make a living. I have a steady job and a "ok" income. I have credit cards only 2 but only have had them for months always paid the full balance. Im just wondering if anyplace would let me take out a auto loan with my limited credit?

Try a credit union. You should be in pretty good shape with having paid off the credit cards every month.

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If one of the credit cards was issued by your bank where you have a checking account, I would start with them. They could at least tell you how much they would lend if they would at all. You might have to find a car that matches the loan vice finding the car and then getting the loan.

Otherwise your left with going to a car lot that will charge you a rate way higher than you should have to pay.
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Most likely, if everything you say is true, you should not have any problem getting a car loan. Shop around for good deals. You're more likely to get approved if you stay within your means. Even though your credit history is fairly new, you seem to be responsible in paying your credit card bills. So you have established good credit (good job!).
Start the process by figuring out how much you can afford for monthly car payments. Will you be looking for a used car or a new car? Think about all these things before you decide on a car. Secondly, take into consideration that with a new car comes higher insurance rates. If you buy a new car they will require full insurance coverage. When you figure out what car you want, call your insurance company for an insurance quote. You may be surprised at how high it might jump for coverage on a brand new car.
You may want to consider just taking out a small loan for a good used car. Regardless of the loan you try for, make sure that you're getting a competitive interest rate.
Alternatively, check with your employer to see if you can join a local credit union (it's somewhat of a a benefit of some employers). By joining a credit union (you basically open either a checking or savings account with them) you can often get better loan rates (compared to banks and auto loan companies) and other benefits. I believe that you may also be eligible to join a credit union if a close family member is a member of one.
Good luck to you!
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