<prompt> Human: I am looking to get my first car, and applied for a loan through a big bank and a credit union and was denied from both. I am young so I have a small credit portfolio, lower score, and only work part-time so I would think that a sizeable loan isnt going to happen. My original idea was to lease and then finance at the end of the lease, but my parents were dead set against leasing at the time and are now a bit more open due to the denials and due to them not having good credit so co-signing would likely not do anything. With all that being said, is leasing my only option, or is there a chance I can get a loan? The problems are likely my annual income and lack of credit history, with the credit union I barely met the minimums, and no clue with the big bank. I personally would just rather take the lease, but if there is a chance at a loan then that would make them feel more comfortable. Assistant: how much do you make, and how much are you trying to spend on a car?Human: 15995 for the loan, make 15590 before taxes.  <response>: Well that is why no one will approve you, you are aiming waaay out of your price range. Rule of thumb is 20410.20 down, max of 4 year loan term, 10 of gross pay for car payment and insurance. which for you is 130 month. You are trying to buy a car higher than what you make. You need a 2k beater. 