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Some dealerships wont take a credit card on a car purchase since they are stuck with the 2-4% fee, unless you cover that fee ( i know 2 in LA)
At the same time, that is a dumb idea because when get graduates and watns to get a real car, they will look at her credit and say shes screwed for a good rate because she has never financed a car before. I know this because Im going through it right now. I purchased my other car in cash because i didnt want to pay interest. Now Im getting shit for never financing a car so I cant get a good rate (below 9%)
Get the loan for 5 years, it will be hardly anything per month. If she cant afford $200 a month then she shouldnt be looking to buy a car aways
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