2006-11-09 02:21:20 · 7 answers · asked by Shannon 2 in Cars & Transportation ➔ Buying & Selling
I'm sure you'll find a car dealer willing to work with that!
2006-11-09 02:28:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can do that, but be prepared to pay a higher interest rate or be asked to produce a co-signer on your loan. If you make a lot of money, there shouldn't be a problem getting some one to co-sign for you. Just make sure you keep up the loan payments or it'll cause hard feelings from the co-signer.
I co-signed a loan for my daughter and I wish I hadn't have. I ended up paying off the car to keep my credit good and now, I won't sign anything for her or loan her money. I'd co-sign for you before I'd co-sign another loan for her.
So you see how it works. You don't make the payments and the bank goes after the co-signer to get their money and it causes a lot anger and hard feelings when that happens. Not to mention, the co-signer has the right to take the vehicle back since their name is on the title along with yours, and there's not a thing you can do to prevent it. It isn't theft if their name's on it.
2006-11-09 10:35:32 · answer #2 · answered by Lucianna 6 · 0⤊ 0⤋
Probably not... Your Beacon is always what is taken into consideration over your actual net worth. It shows an inability to pay if your credit is bad and they shy away from that.
You may get the loan anyway, but it will be an impossible monthly payment with a high interest rate.
2006-11-09 10:29:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your intrest will be through the roof, like 20% or maybe more. Either save more $$$$ for a down payment, or start working on building up your credit score.
2006-11-09 10:59:03 · answer #4 · answered by The Mullet 4 · 0⤊ 0⤋
you should be able to get a loan unless you have previous car repossessions on your credit. in that case you will probably need a co-signer for the loan. your interest rate will depend on how well you score in the banks computer system. the factors are, credit score, job time, debt to income ratio, and down payment.
good luck
2006-11-09 11:57:47 · answer #5 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
depending on how bad your credit is yes, but be prepared to pay a boat load of interest and a high payment
2006-11-09 10:23:20 · answer #6 · answered by scottb03gt 4 · 0⤊ 0⤋
I sell cars and we can finance just about anyone. Check out our web site WWW.allamericanauto.org. If you see something you like or need any information just ask for Aaron.
2006-11-09 19:38:44 · answer #7 · answered by aaron l 1 · 0⤊ 0⤋