how do credit cards work?

[pb4ugo]

Even with a co-signer (if one is available) you will face rates and terms not as favorable as just having good credit to begin with. This is approx. 7500 car deals' worth of experience talking.

As a F&I manager, I could get a first time buyer bought all day long at top tier rates as long as they had a year of responsible credit repayment and equivalent high dollar amounts. A kid buying a 12k car with a 10k credit card limit as comparable amount was golden. When buyers got stars in their eyes looking at the 40k truck is when re-enforcement was required.