Your first car!  We all remember that day when we finally made that precious purchase and the thrill we felt driving off the lot.  Obtaining a new car can be done two ways: paying cash or having it financed. If you are a first time buyer with no credit history, this can be a tough time. There is a few things you can think about that will raise your chances for being approved for this type of loan. 

A used car will cost less but you must keep in mind repair costs for the age of the car. If you are buying from a private party, take a mechanic with you to check it out.  A new car dealer will hesitate to offer a car loan to someone with zero credit history so a co-signer might be your only option. Offering a sizeable amount as a down payment can make a big difference and lower your monthly payments. 

Once you have secured your first auto loan, you will need to have insurance before you can drive it off the lot.  Take a look at discountvouchers.org where you can find discounts on auto insurance.  See what coupons you can take advantage of so you won't pay full price for your insurance.