2006-11-10 00:40:01 · 9 answers · asked by NeedsHelp44 1 in Cars & Transportation ➔ Buying & Selling
There are many factors that go into getting a car loan. Your credit rating is only one of them. If you have had an automobile repossession you will probably need a co-signer. If not then the other considerations are income, debt to income ratio, length of employment and time at residence and of course down payment. Many car dealerships advertise that they can help people with credit issues. You should be able to get a loan but the interest rate based on all the above factors could be high. Good luck
2006-11-10 02:36:31 · answer #1 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
1
2016-09-26 09:11:04 · answer #2 · answered by Jonathan 3 · 0⤊ 0⤋
If you have bad credit, is taking out a loan such a good idea?! Ask yourself how badly you need a car, and is the car you want the car you actually need? You can pick yourself up a car for a couple of hundred from ebay, use it to get you around and in the mean time save what you have in order to pay for the car you want outright... loans are never a good idea if you have bad credit.
POOR CREDIT = HUGE INTEREST RATES = LONGER PAYBACK PERIOD = BACK TO SQUARE ONE...IN THE RED!!
2006-11-10 01:06:00 · answer #3 · answered by tonym 2 · 0⤊ 0⤋
Hey,no problemo.first of all you just have to sit and use your brain for a while.Get some newspaper,or magazine,look for someone who can help you get rid of this problem.Like bargin network,even if you have bad credit,they'll give you a car loan and at the same time,help you find a way to clear your bad credit.Sometimes,this will effect your lfe,but they say,find a job that pays more,try saving more,put the money not spended in the credit ,your all good.
2006-11-10 10:42:14 · answer #4 · answered by Pocahantas 1 · 0⤊ 0⤋
No! If you have bad credit the last thing in this world you need is a damn LOAN. What you need is a $950.00 beater that will get you to and from work until you save up for a better car. Haven't you done stupid enough?
2006-11-10 10:34:26 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Certain banks allow bad credit loans at a higher interest rate.
2006-11-10 00:47:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
depends where you live. Check your paper or go on line and do a search for your area. I know you can get a car with bad credit but read the fine print. The interest rates are high.
2006-11-10 00:45:15 · answer #7 · answered by ? 7 · 0⤊ 0⤋
Grab a newspaper, there are tons of places that will give you credit. Don't stress about it. I have a bankruptcy and easily got a new Toyota a year ago.
2006-11-10 00:42:32 · answer #8 · answered by czekoskwigel 5 · 0⤊ 0⤋
You should find this link interesting.
2006-11-10 04:51:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋