oh and i have no one to co sign for me please help cause the car i'm driving now just broke if you know a way please help
2007-01-13 09:48:31 · 15 answers · asked by shytown2048 1 in Business & Finance ➔ Credit
as u know God will find a way to help you
2007-01-13 09:52:48 · answer #1 · answered by Anonymous · 0⤊ 1⤋
As I have just answered to someone asking if 8% was a good deal for him, much in the same line as what your mother is saying, there are many cars out there and many deals to be had. You don't know if you are getting a good deal until you have looked around and seen what's on offer. RE: 19% APR on car loan? I was offered a $10,000 car with a 19% APR for 5 years. They said I could refinance after 6 months of paying at least $300 a month. My mom thinks I should look elsewhere to find a car loan but I have been turned down for anything lower. Should I wait a couple weeks and perhaps my APR will go down a little more? Or should I just go ahead and get the car? I am not completely desperate for a car. I can wait a couple weeks for longer to buy a car if that will change anything.
2016-05-23 22:01:57 · answer #2 · answered by Elaine 4 · 0⤊ 0⤋
You don't. If you have bad credit, the best you can hope for is a loan with a higher APR unless auto sales are doing really poorly.
Either way, it doesn't hurt to try what you mentioned above. They can only say no and require a cosigner, or money down, or a higher APR, right?
2007-01-13 14:01:29 · answer #3 · answered by CEESONE 4 · 0⤊ 0⤋
You don't. If you have bad credit, the best you can hope for is a loan with a higher APR unless auto sales are doing really poorly.
Either way, it doesn't hurt to try what you mentioned above. They can only say no and require a cosigner, or money down, or a higher APR, right?
2007-01-13 09:52:51 · answer #4 · answered by Kiss My Shaz 7 · 1⤊ 0⤋
A great idea is to source a loan for consolidation a personal loan, repay credit cards or any other debt by going online. The companies are in a competitive market at the moment and are offering soem great deals to fulfill your situation.
2007-01-13 18:59:46 · answer #5 · answered by SEO 3 · 0⤊ 0⤋
Sounds like you're up the creek, and no paddle in sight. Not even the finance companies are likely to loan you money in that situation.
You may have to re-think the new car idea and look at used for awhile, or find alternate transportation.
2007-01-13 09:54:28 · answer #6 · answered by RedSoxFan 4 · 0⤊ 0⤋
yea, right whatever. Try paying your bills on time for a few years and build a credit score up. What is the motivation of a lender to loan money to a known high risk. None. You made your bed. Bad luck you say? Not your fault you say? We make our own luck.
2007-01-13 09:52:17 · answer #7 · answered by m-t-nest 4 · 1⤊ 1⤋
Just go to bed and dream, I can not see any other way of getting a new car. Lower your standards and try for a used car and straighten out our credit, then try for a new car
2007-01-13 09:57:52 · answer #8 · answered by Nani 5 · 1⤊ 0⤋
Try getting a personal loan from family or friends. No responsible lender will give you the terms you want. Sorry, kiddo.
-MM
2007-01-13 09:58:11 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I think that in your situation, you're out of luck. You want the world, but you show little to no potential of making the loan good.
2007-01-13 09:51:53 · answer #10 · answered by WC 7 · 1⤊ 0⤋
If you get the loan you won't get a low APR, Sorry.
2007-01-13 10:15:06 · answer #11 · answered by Butterfly 3 · 1⤊ 0⤋