I'm looking into the new 2007 Honda CR-V and I have bad credit. I have money but not to put down, but rather to pay for the tax,title, etc. My mom has good credit and is willing to co-sign for me. Although, I'm absolutely sure she won't help me with a down payment. Anyways, I make a good salary and I'm willing to cough up no more than $600/month for the financing. What are my options?
2006-12-17 16:55:39 · 9 answers · asked by anonymous001 2 in Cars & Transportation ➔ Other - Cars & Transportation
It is possible, I got my car with no cash down...it just makes your monthly payments higher! Your credit might be an issue but if your mom co-signs it...it might work...but a CR-V 2007 with no cash down will probably be more than $600 a month...well in Canada it is anyways. But...thinking of it, if you can afford to pay $600/month for a new car...just wait a few months put the 600$ a side and you'll have a cash down!
2006-12-17 17:00:13 · answer #1 · answered by CrazyCate 3 · 0⤊ 0⤋
They'll always be someone out there to loan you money at a very high interest rate. It is the price you pay for bad credit. Talk to the dealer.
I have good credit and bought a used car 5 years old. Runs great, no problems and cheaper on insurance and excise tax. I've had it five years, no car payments.
Learn more about money...if you are looking for image buy a house, it appreciates. That's an investment. A car is just transportation and you can't live in it and it just depreciates. Think about it.
2006-12-17 17:00:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If he has some money to place down is often greater suited. You get greater suited financing in accordance with what you have for a down cost. yet whilst it particularly is a youthful guy then a reasonably priced inner maximum sale motor vehicle would be greater suited ideal. Youll pay plenty much less for a motor vehicle from somebody who isnt a broking. the two way you need to be quite sensible approximately autos so as which you dont purchase slightly junk (even from a broking) so understand your stuff and in no way leap into something with out understanding what your entering into. human beings will say you like a sparkling vehicle or a vehicle from a solid broking (no longer too many around). maximum sellers are waiting for the sucker to stroll interior the door. stable automobiles would properly be had at a solid cost. purely gotta do the artwork to substantiate you get a first rate motor vehicle at a first rate cost. stable success. P.S. additionally once you purchase outright you dont ought to totally insure your motor vehicle. once you fiscal a vehicle you gotta have finished coverage.
2016-10-18 10:35:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
It's possible but not real likely. Your moms credit would have to be beyond good and your payments are likely to be through the roof also and I hate to say this but with your credit being bad it will up your insurance rates as well.
2006-12-17 17:04:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, not unless your credit is stellar can you get a car with no money down. You can try to get your mom to put it in her name and see how much the down payment is, but with your bad credit.. even being on the car loan would make it impossible for a no money down car loan.
2006-12-17 16:58:09 · answer #5 · answered by angie 4 · 0⤊ 0⤋
Yes, its called burglary, all you have to do is bring a coat hanger to the dealer. Credit is not an issue unless you decided to trade it into another dealer later that day. Good luck and god bless.
2006-12-17 17:00:21 · answer #6 · answered by JuliusRomans 3 · 0⤊ 0⤋
They might go for it if mom has good enough credit and she is primary borrower. In fact, they may request to leave your name off the loan altogether to help the loan qualify.
2006-12-17 16:58:42 · answer #7 · answered by maamu 6 · 0⤊ 0⤋
get a 1992 Honda CR-V
2006-12-17 17:00:22 · answer #8 · answered by World Cup 2 · 0⤊ 0⤋
sure but it may have a screwdriver in the ignition.
2006-12-17 16:57:00 · answer #9 · answered by Delete System32 5 · 1⤊ 1⤋