Bad credit, but must buy a car ... Help? OK so I have bad credit ... My score is between 550 and 500 ...
I need to have a car, I have 1,000 for a downpayment. Im not going to be too pickey because ... Well, I have bad credit, and I do not want a car payment of $ 400 a month, I can do ... 200 per month, but it cannot be a full on car part ... **** I need to be able to drive from California to Utah and the ... What should I do?
Im thinking ill be able to get a loan for 5 small, but as car companies do not do that in 7500 what I heard ...
do I get the car thats as 7000 at the dealership used car?
Should I get a new car .. or will I not be able to qualify for one?
do I get a personal loan from my credit union?
Please I'll take all the advice
Thank you very much!
Try http://personal-financial-help.solutions ... they are not so bad (7% for me) and certainly faster.
I think the best is to go to a dealer with a special finance department. See if you can help approved a loan to match you with a car and what the conditions would be, then it is your choice from there. If your credit is bad, you'll pay a higher interest rate, but if you pay on time, you can refinance at a later date and bring those advances. Good luck.
Another take:
You need a good used car that you can pay cash, not finance. Never finance a car. It is bad policy. It is expensive. It robs you of your money.
Never take advice from someone beat (Would you take advice on the conduct of a homeless person?)
Funded cars is more expensive because of insurance, it requires full coverage. You can compare what you pay for full coverage of the vehicle using this tool - autoinsurance.noneto.com
Bear with me here and listen to me.
I think you're the ideal candidate for a new Kia or Hyundai. They come with an exceptional guarantee to buy a new car means that you can finance it for a long period on the payments low. They are also used to help people with low credit to these concessions, it can cope, we are not talking about a Cadillac, right? They deal with banks on a regular basis to help people with bad credit. I worked at a Kia dealer a few years ago and I saw people with credit scores like yours is approved. The economy was a little different at the time if I'm not sure it is still possible, but I think it's your best bet.
The real catch to buy one of them is that you have to drive it until the wheels fall off, it's really catching if you buy a new car. They depreciate rapidly, but if you keep it for years + ten cons remember bumper to bumper for 5 and 10 yr./60k powertrain yr./100k, who really cares what the resale. Unless it's a Toyota or a Honda almost any car $ 12,000 - $ 16,000 will only be useful a couple grand at the end. Your contract will be a Rio or Spectra, both will have windows and doors of power, CD, cruise control and keyless entry so you do not feel like you're driving a car bargain.
With today's market, you'll always have a hard time getting a loan, but I think it's your best shot. Otherwise, you will have access to a loan shark to go "buy here / pay here" lot with an old car outrageously expensive, with a summary or reliability glued to save for a few months so that you can buy a reliable car $ 3000 pure and simple, ugly option.
Posted on January 16, 2010.
