I do not have the good credit at all. But I do want a auto loan. I have already found the vehicle. But it is a buy here pay here lot that only will finance if I put $2000 down. I do not have that kind of money on hand now. The total cost of the car is... $3195 plust tax and title. I do not want the car to get sold before I can get the loan process approved. This car is also a really really great deal. Where can I find an auto loan that will let me pick out the dealer with bad credit?
2006-10-10 11:20:46 · 6 answers · asked by Starlit* 1 in Cars & Transportation ➔ Buying & Selling
Try going to your bank or credit union, if not you may need to get someone to co-sign.
Good Luck, I really hope everything works out for you. I have bad credit and I just crashed my car last week, so I know how you feel.
2006-10-10 12:22:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are places like "wells Fargo financial" or "beneficial finance" that should be able to give you the money you need as long as you have verifiable employment,But the only thing is that you may have to pay double digit interest until you can build your credit by making REGULAR ON-TIME PAYMENTS for about one (1) year then you should be able to transfer the loan to a regular bank at normal interest rates. Good luck and I hope you get the car you want. After you pay the car off in full with REGULAR ON-TIME PAYMENTS you should have no trouble getting a regular loan next time
2006-10-10 11:31:07 · answer #2 · answered by hjbergel 5 · 0⤊ 0⤋
There is no Such Thing... as a really good deal at a buy here pay here lot... unless your dad owns it and judging from the down payment woes you have that is not the case... Check the Kelly
Blue Book and see what the actual value of the car is... good luck
with finding a loan.. you may be able to get one at those really high interest places...
2006-10-10 11:24:53 · answer #3 · answered by RiverRat 5 · 0⤊ 0⤋
Apply for a credit card. It would probably be easier than going through a bank. I was denied a car loan by about 12 different lenders because of my credit, and my credit rating really isn't that bad (just under 700). Credit card companies are more apt to give cards to people to rebuild their credit than a regular bank would. Then you can use your credit card to make the down payment.
2006-10-10 11:24:18 · answer #4 · answered by stuckinamoment 3 · 0⤊ 0⤋
Call 1-800-Bar-None
I am sure you can get a loan, but with bad creeit your interest rate will be higher. Pay it off fast and it won't matter.
2006-10-10 11:40:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Centrix Financial. Try there.
2006-10-10 11:28:40 · answer #6 · answered by Aubrey's mommy 5 · 0⤊ 0⤋