<p>I'm not sure if I'm posting this in the right place, but here goes...</p>
<p>I currently have a job, is in college, and want a car</p>
<p>Although have student loans that I'm expecting to pay after graduation, I'm wondering if it would be a good idea to add to an auto loan to those loans.</p>
<p>Furthermore, I wonder if any lender would allow me to pay after graduation, or if there are any other ways I can get an auto loan that will let me pay after graduation.</p>
<p>I have no credit (but can get a co-signer that has good credit), and live in MD</p>
<p>And yes, I do have finacial aid for the university I'm going to. I just need to car to take me to and from work, as well as family visits.</p>
<p>A co-signer will be the one on the hook for default, when you tack on a car loan onto your undergrad debt, OHmy, this is a disaster in the making. </p>
<p>No lender will allow you to defer a car payment till you graduate. How will you pay for car insurance/gas?
Save yourself heartache and financial ruin, take the bus like majority of college students do.</p>
<p>For family visits, take the bus. Most college campuses are either near bus service or have transport to the nearest transportation hub for vacation times.</p>
<p>I don’t know any auto loan that will let you defer payments. That is a feature that is unique to student loans. Please be aware that a car will be a huge expense, and that auto payment can be the least of them. You have, at least, insurance, maintenance, gas and things that happen. I know a bunch of kids at any given time in trouble because their cars don’t run and it gonna cost a ton to get them running. I’m sitting here with a list of things needed for MY own car that I am loathe to spend since my expenses have been steep this year. Cars are truly money pits in that they can just eat up funds and put you in an acute need situation in heart beat. An ill timed turn of events can mean you gotta pay NOW when you have a car,and most turn of events with cars are ill time,. Believe me, if you can’t even make the monthly payments, are trying to defer them, you cannot afford a car. </p>
<p>I doubt you’ll even be earning enough to pay for a car. The loan interest rates, by the way, for those without a much of a credit history can be as high as 12% from reputable dealers, and I don’t even want to know what the ones that have the Repo man stalking their borrowers for the day the payment does not arrive right on time to take back the car are charging. Believe me, you don’t need this.</p>
<p>Thank you all for the replies. It seems like a leasing a car wouldn’t be a good idea after all. I guess it was more of a thing I “wanted” more than “needed”. I’ll just wait until I graduate and get my good paying engineering job.</p>
<p>Until then, I’ll continue to catch the bus.</p>
<p>I never thought about a university Zipcar, KatMT, thanks for telling me, I’ll look into it!</p>