2007-01-03 03:20:47 · 6 answers · asked by www.reggaemusicwriter 1 in Computers & Internet ➔ Security
Well first thing is not to look at a car that is out of your budget. That is first and foremost probably the biggest mistake people make. Second, in the timeframe of 4-6 months there isn't much that you're going to do, other than paying up some past due or delinquent accounts.
You are more likely to be financed or leased through a manufacturers lending source like, Ford Credit, GMAC(General Motors Acceptance Corp), HAFC(Honda), etc since they have an incentive to move the product. I used to work for dealerships and have sold Nissan, Ford, Lincoln, Mercury, Dodge, Chrysler, Jeep and Acura.
By far Honda/Acura is the most lenient if you have equity in the situation (20% or more down on their own product). You are better to shop brands that have subvented financing like 0.0%-4.9% depending on term. The reason for this is even if you don't qualify for their top tiers that get those rates, but still qualify for their lowest tier, it is still subvented, so you may have 9.9% versus 15.9% depending on the bank.
I know that when I left Acura last year they had a program on Certified Pre-Owned TL's and MDX's where the financing was 4.9% for all tiers, so basically if you could get approved, even at the worst tier, you got 4.9%. There was a glut of these cars coming off lease so Honda came up with this program to give incentive to the dealerships to buy them rather than having them go back to auction. I don't know if this program is still on, but if it is, it's worth a look.
When you do shop for the car, you are going to help yourself if you sit down with the Finance Manager before he runs your credit/submits your information to the bank. This way you can give him an idea what to expect and answer any questions he anticipates the bank asking.
So when it comes down to it, save as much as you can for a down payment, pay up on past due or deliquent accounts and don't shop out of your realistic price range.
2007-01-03 03:45:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Start using your credit card and paying it off on time. That will help you a little, but if you credit is already f@cked ... it might take a very long time!
I'd suggest buying a car for cash, or try a loan from your bank, not from dealership.
2007-01-03 03:27:22 · answer #2 · answered by Fez 3 · 0⤊ 0⤋
Try to start paying off some of the money that you do owe AND when you go to buy the car, just make sure your co-signer has almost perfect credit! :)
2007-01-03 03:29:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try applying for unsecured credit card
2007-01-03 03:24:42 · answer #4 · answered by Dave 4 · 0⤊ 0⤋
Yeah continuously. i'm going to make creepy faces too. Its hilarious whilst they see you and that they provide you this look. One time somebody caught their middle finger out at me once I waved
2016-10-19 10:03:04 · answer #5 · answered by barn 4 · 0⤊ 0⤋
cleaning up your credit takes time and money. time doesn't seem to be on your side, do you have any cash?
check out www.LexingtonLaw.com
2007-01-03 03:25:32 · answer #6 · answered by lv_consultant 7 · 0⤊ 0⤋