My credit score is somewhere between 500 and 550, and I have an auto loan through Drivetime that I would like to get out of. I need a new car (family is bigger, so I need a bigger car), but I still owe 11,000 on my old car. That's after a year and a half of making on-time payments. I didn't realize what I was doing when I got this car, now I feel like I'm stuck with it until I pay it off!!! My payments are $420 a month, and I can afford that just fine, maybe even more, but I can't find a dealership that will approve me without me putting $3000 or more down!!!
2006-11-14 07:39:14 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
Can you talk to the dealership you are at and explain your situation? I am sure they would rather work with you than have you go elsewhere....
Or you could also take out a small loan (3,000 or less) to put as a down payment for a new car...
2006-11-14 07:50:18 · answer #1 · answered by Sara S 4 · 0⤊ 0⤋
At this site you can find solutions from different companies: HTTP://CREDIT.SAVEHUNTER.NET
RE Auto loans for bad credit?
My credit score is somewhere between 500 and 550, and I have an auto loan through Drivetime that I would like to get out of. I need a new car (family is bigger, so I need a bigger car), but I still owe 11,000 on my old car. That's after a year and a half of making on-time payments. I didn't realize what I was doing when I got this car, now I feel like I'm stuck with it until I pay it off!!! My payments are $420 a month, and I can afford that just fine, maybe even more, but I can't find a dealership that will approve me without me putting $3000 or more down!!!
2014-09-13 19:14:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1
2016-09-27 20:40:20 · answer #3 · answered by Lenora 3 · 0⤊ 0⤋
Your undertaking is extremely no longer likely. To get a poor credit motor vehicle loan you will ought to flow by a dealership that can get you financed and sell you a motor vehicle. sure of direction you will pay a severe activity fee as you're a severe risk. How badly do you like a motor vehicle? sometime those loans are your in elementary terms determination and the thank you to rebuild your credit. stable success.
2016-12-14 07:08:56 · answer #4 · answered by ? 4 · 0⤊ 0⤋
How much is the car worth? Maybe you can sell it privately and get enough money to cover the remainder of the loan, then you can take out another auto loan for your new vehicle.
2006-11-14 07:44:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Early yrs you paying interest and very little Principal, So my suggestion would be to either save the 3000$ or wait until the principal gets lower.
2006-11-14 07:43:04 · answer #6 · answered by Humility 2 · 0⤊ 0⤋
Well dear it is all depends upon the auto lander.. i would suggest keep tryin ...here is one i would suggest ask him for quote and calculation for credit price... http://www.carsloan.info
2006-11-16 07:30:40 · answer #7 · answered by faithful_raj 3 · 0⤊ 0⤋
hi, my aunt had gotten her auto loan from NHBS, Inc (she has a very bad credit) hope you too will be helped by their team
http://www.newhorizon.org/Info/carloans.htm
http://www.newhorizon.org
goodluck
2006-11-14 08:33:10 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Keep trying, you may be able to fine a creditor, who can best this offer.
2006-11-14 07:42:21 · answer #9 · answered by WC 7 · 0⤊ 0⤋
Try http://goo.gl/jK55h8
2016-07-19 13:35:48 · answer #10 · answered by Anonymous · 0⤊ 0⤋