Things can be difficult if you do not have the credit and the cash to put towards the purchase of a used or new car. The more money you have the better but you can at times take out a small term loan to use for the purchase at a buy here pay here car lots in Maryland. When you do use a short-term loan to purchase the vehicle you want to keep that information confidential because the banks and the finance companies may include that debt into you debt to income ratio.
Qualifying for the loan is a minor aspect of the deal because it is more important to get approved. Qualifications can be showing proof of income and having a credit score above 500. If you can typically show these two details you can be able to get a loan. The hard part is to determine how much money is going to be required for the banks to allow you to get the loan based off loan to value. The smaller amount you own on the purchase to the value the better chance the banks will say yes to allowing you to get the financing due to the commitment and the collateral involved.
Hopefully there will be grants in the future for graduate students that have graduated with a 4.0 grade point average so that way they can get to and from work every day.