2007-01-08 04:40:46 · 4 answers · asked by Brown eyed girl 7 in Business & Finance ➔ Personal Finance
Usually not...most car dealers are anxious not only to sell the car, but to do the financing. The loan will be secured by the car, anyway. You likely won't get the lowest interest rates, in fact they will probably be relatively high (12-22% vs. 4-6%.) Until you reestablish credit, your only option will be to pay cash for a car.
2007-01-08 04:50:11 · answer #1 · answered by 4999_Basque 6 · 0⤊ 0⤋
You can probably find someone willing to lend you the money for a new car. My question is why are you going to dig another hole for yourself? Pay cash for a servicable used car. That's what you can afford. They can be had for three grand or so. You can save that in no time.
2007-01-09 04:28:45 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
Difficult...no, however, you may be paying a higher intrest rate.
2007-01-08 12:48:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
NO. BUT YOU WILL HAVE A VERY HIGH INTEREST RATE FOR SURE.......THE MORE YOU CAN PUT DOWN THE BETTER..GOOD LUCK
2007-01-08 12:50:03 · answer #4 · answered by johnboy413 1 · 0⤊ 0⤋