I am trying to buy a car but need to get a loan for the down payment. Does anyone know how I can get one?

Question

The amount of credit I have is very small and I have a lot of inquiries. I have tried everywhere I know. I need to find someone willing to give me a loan?

Answer 1

An unsecured loan will be tough to get without much established credit. But you could try your local CitiFinancial, Beneficial, and Wells Fargo Financial branches. They often times will give unsecured loans to challenged or thin credit.

Another option to look at is the manufacturer of the car you're trying to buy. Often times, manufacturers will give rebates on certian models. Research which models in your price range are currently offering rebates, then see the dealer. They will use the rebate as your down payment.

Keep in mind, there are other factors, but this is a good place to start.

Answer 2

if you get a loan for the downpayment, your going to get another loan to finance the balance? That doesn't make any sense at all!