Ok hey everyone,
My best friend is trying to get a used car in a month or so. Her budget is around $200/month car payment plus maybe $150 in insurance. Basically from my math she can afford a $6000 car.
My questions are these:
If she gets financing from a credit union or bank and then goes out and buys the car from a private party, will the car be in her name or the banks name? Why im wondering is if the car is in her name then she wont have to get comprehensive insurance...
Capital one offers you a "blank check" upon approval to go buy a car with, so if she uses this who's name will the car be in?
Basically, if you had $1k cash, and could afford $200/month for a car, how would you go about buying/financing your used car.
Most of you will say yea dont buy a car but she needs it for work. I
I could help her but she wont take free money from me
SO help guys.. thanks