2006-09-20 06:52:02 · 9 answers · asked by Jeremy P 1 in Business & Finance ➔ Credit
Yes, but you are kind of on the edge which means you most likely will qualify but not for the best rate. This means you have to be careful about the loan you get into because they will act like they are doing you a favor by accepting you and generally you end up paying more in the long run. You're next goal should be be getting it above 650 so you can qualify for low interest rates.
2006-09-20 10:45:02 · answer #1 · answered by Gazoo 2 · 0⤊ 0⤋
1
2016-09-26 06:48:22 · answer #2 · answered by Virginia 3 · 0⤊ 0⤋
yes. generally 650 is the "safe" range of credit scores. since you're teetering towards the 500's, you will be able to secure a loan but your rate may not be that great. won't be horrible but probably won't be great. you can get a car now and deal with the rate. in the meantime your timely payments and such and you rebuilding your credit will allow you to refinance the car sometime later on down the road.
2006-09-20 07:24:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
only if you have a lot of cash for a down payment, or don't mind a really high interest rate. with a relatively low score like that banks won't be bending over backwards to give you the best terms. sorry. try an inexpensive used car lot where the total price can be paid off relatively soon.
2006-09-20 07:01:16 · answer #4 · answered by Tonya in TX - Duck 6 · 0⤊ 0⤋
go to the dealer with the upper hand by being preapproved for the loan that way that can't soak you by saying what payment do you want biggest trick out there next thing you'll be paying 7 years for a car that will only last 4 or 5
http://www.researchitforme.com/wesayes/autoloans.html
2006-09-20 08:10:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes! But you will need a co-sighner and probley. your down payment will be high and your payments will to. If you go to a dealer that finances his own cars you will have a better chance than a well known dealership.
2006-09-20 06:59:48 · answer #6 · answered by mswildman2005 2 · 1⤊ 0⤋
you can be one day out of bankrupcy and get a car loan. Of course, it will be with 28% interest, but someone out there will write the loan.
2006-09-20 06:59:53 · answer #7 · answered by mzJakes 7 · 0⤊ 0⤋
anything over the 500's you should be able to, but at a higher interest rate.
2006-09-20 07:00:13 · answer #8 · answered by Lynn S 3 · 0⤊ 0⤋
expect a high interest rate and don't be surprised if you need a co signer
2006-09-20 08:37:52 · answer #9 · answered by bella_4624_19 4 · 0⤊ 0⤋