2007-01-20 14:28:21 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Good luck. You'll need a cosigner. Been there done that.
2007-01-20 14:34:15 · answer #1 · answered by Patrick H 2 · 1⤊ 0⤋
Ouch. That is very poor credit. Mine is just under 600, and I was looking at a 99 Monte Carlo about 6 months ago. Even with a co-signer, they wanted half of the cost of the car down ($3000) and would only finance me for $4000. 450 is very poor credit, and you would definitely have to have a co-signer, but even then, you may not be able to get financed as the primary buyer even with a co-signer because of your credit and income.
2007-01-20 22:39:49 · answer #2 · answered by Jen G 3 · 0⤊ 0⤋
if you have $3000 down and a year on the job and make about $2000 a month at least then yes you can without a co signer. you can get approved thru cps finance's mercury program or thru drive financial. you might not get an 07 but maybe an 04-06 used car. your rate will be about 25%. if not you will need a strong co.
2007-01-20 22:39:11 · answer #3 · answered by all in on the flop 4 · 0⤊ 1⤋
Hate to break the news to you but that is considered very poor credit and no one would be able to secure a loan for you unless you also have a HUGE income and no other debt. Yes, most likey you would need a co-signer.
2007-01-20 22:34:58 · answer #4 · answered by elk312 5 · 0⤊ 0⤋
The Country you reside in and your citizenship plays a part as well as your job status, income compared with outgo, and your age. Many Countries have special rates for those with poor credit but they may want more calateral or downpayment. You may find one by seeking full coverage insurance as they know many loan companies. Most English speaking companies will not loan unless you have FULL COVERAGE on your purchase! Good luck on your search. Earl
2007-01-20 22:39:56 · answer #5 · answered by ? 6 · 0⤊ 0⤋
your going to need a co signer on any loan with that low of a credit score,and there going to consider you a high risk ,when they do give you a loan,,interest rate will be really high,for you,,good luck.
2007-01-20 22:37:36 · answer #6 · answered by dodge man 7 · 0⤊ 0⤋
if your score is lower than 450, you don't have a credit rating. Instead of going into more debt, I'd suggest you do something to raise your credit score.
2007-01-20 22:37:42 · answer #7 · answered by oklatom 7 · 0⤊ 0⤋
You could buy the car, if you paid cash.
Most finance companies don't accept cosigners that aren't immediate family.
If you can't afford to pay your bills on time, you should consider buying a cheap car and work on paying your debts.
2007-01-20 22:52:49 · answer #8 · answered by Confused 3 · 0⤊ 0⤋
You will need a co-signer.
2007-01-20 22:35:46 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You are already in trouble.Do not buy a new car.Buy a used one,then your not working for the bank.He will meet our needs not our wants.Thats what God said.
2007-01-20 22:36:29 · answer #10 · answered by (A) 7 · 1⤊ 0⤋