How do I go about getting a loan for a car?

There's so much I would like to know. I would like to buy a car for work. I'm willing to finance. But I know nothing about the process and I don't want to be taken advantage of by dealers. I looked on autorader.com and saw a Honda Accord 2008 model with 120,000km and it is being sold for $9,000. Do I just send a message to the dealer that I would like to buy the car and then follow up from there or do I try to negotiate a lower price? Also, how do I go about getting a loan from the bank or should I just do it all through the dealer? I make $2000 dollars a month. My only expenses are rent which cost $450 a month and groceries which cost $400 a month. So I would have at least a $1000 dollars left a month and I live in Canada.

Your parents can explain how and reality locally.
Start by saving up 5000 $.
Here U'll need 1000 of that for TAXES, Title Registration, Dealer Preparation, vehicle inspection, FULL coverage ( fire, theft, collisions) insurance.
The 4000 left over will save u from Required "Gap" insurance.

Try actually asking local educated adults for real answers in your country.

1) Getting a car loan from a private bank / credit union or getting a loan from a dealer are essentially the same thing. The lenders may be different, but it is the same thing, same credit checks and requirements, etc.

2) The amount of a loan you can get depends on your current income, current living expenses, how much you have for a down payment and your credit rating. It's always smart to go to your bank and find out how much you can borrow before you go looking. You aren't committed to using them if you get pre-approved, but it. A good 'idea whether you you buy from a private seller or a dealer.

3) Dealers offer a convenient way of looking at and buying vehicles, but the down side is that you'll usually pay a higher price than a private sale and salesmen will use every trick in the book to get you to commit to a purchase and will do it in such a way that you'll get fleeced if you're not careful and on top of the negotiating game. It's the smoke-and-mirrors way they work financing and juggle numbers that can really get you. Study up on the art of buying cars from dealers. The internet is full of advice.

4) Whether buying from a dealer or buying privately, do your homework and know vehicle values. Also do a thorough pre-buy mechanical inspection. Most people don't have adequate skills in this area so it's wise to hire someone to do it for you, even if you buy from a dealer. Take it to an independent shop for evaluation. It's worth losing $100 doing that then spending thousands on a lemon.

5) The law of the land is "buyer beware". It is up to you to determine condition. Never take a sellers word for it, especially if they can't back up claims with full records and documentation of preventative maintenance and repairs. If you buy from a dealer, beware of the "Pre-Owned, Certified" schemes. There's no regulation that govern these and they can mean very different things dealer to dealer. Read about that here: https://cars.usnews.com/cars-trucks/best…

6) Never get in a hurry to make a decision or buy out of desperation. And use your head, not your heart. Big financial decisions should have nothing to do with emotional attachment to certain brands, models, colors or options. Critical assessment skills are important if you want to avoid "buyers remorse", an all-too-common occurrence.

7) Never commit to buying without getting a quote from your insurance company first. The last thing you need is a big insurance payment that you didn't expect. It usually doesn't take long over the phone to get a ballpark estimate. Likewise, don't forget about registration and sales tax. That can add a lot to the price. Buying a car from a private seller or purchasing a repo from a bank avoids sales tax. With state and local taxes hovering around 10% in many places, that can mean a huge hit.

8) With the above in mind, avoid borrowing extra money to cover taxes, registration, pr insurance. You could easily end up owing a lot more than the vehicle is worth which will really hurt when you go to sell or trade it in. Likewise, avoid high interest rates for the same reason. And keep in mind that the older and lower value a vehicle is, the higher interest you will usually pay on a loan and the shorter the repayment term will be. If you can't figure out whether its better or worse to pay $400 per month for 3 years at 7% interest instead of $325 per month for 5 years at 5%, god help you.

Good luck, you'll obviously need some without expert help to guide you.

Go to your bank and tell them what you want to buy and about how much you are going to spend on a vehicle. Get pre-approved for a loan. Go to a dealer and look for vehicles you want. See if the dealer has financing and how much it will cost you. My son purchased a vehicle. He was pre-approved for $25,000 at 3.5% for 60 months on a used vehicle. He found a vehicle that he wanted at a dealer and the dealer got him $30,000 at 2.99% for 66 months on a used vehicle. My son knew what was reasonable and wound up MUCH better.

You need to ask your bank or credit union for a loan.

You likely need good credit because your income is borderline too low.

You should avoid buy here pay here dealers who say they finance anyone because they are total ripoffs and they charge way too much for shoddy cars.

Your income is borderline too low so a parent with good credit as a cosigner would help.

Yes, do that.