2007-03-12 05:55:41 · 9 answers · asked by adammilesjd 1 in Cars & Transportation ➔ Buying & Selling
Where I live there are some car lots that do their own financing. They usually want a little bigger down payment and you make your payments at the lot. I see a wide selection of 5-8 year old cars, vans, some pickups on their lots. They have a wrecker too. If you don't make your payments, they come and get the car. There are main line dealers also in my area that say they specialize in selling cars to people with bad credit. Bankruptcy, divorce, anything. They deal with lenders who specialize in this, of course the rates are higher because they are taking a bigger risk. These dealers seem to have newer cars, some only a couple of years old. There are several options for buying cars with bad credit today. I am sure that any major metropolitan area has both these types of places available to purchase cars while having bad credit.
2007-03-12 06:11:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Call the used car dealers, especially the small ones, to find out who will "carry" the finance papers. Often, such companies charge higher interest rates, and will sometimes sell your contract to a finance company. But that will only give you a greater credit rating if you keep up your payments.
After the first year of payments, you might consider trading your car in which will get you out of the initial contract sooner than paying it off completely. That would get you another credit rating and possibly a better car.
If you can't get a car as described above, you may have to start with smaller purchases, like furniture or clothing. Start small, keep up your payments, and eventually you'll have a good credit rating.
2007-03-12 06:11:41 · answer #2 · answered by J.Marie M 2 · 0⤊ 0⤋
Somce car dealers offer "special credit" but you'd better pray that you get a top notch car out of the deal because it'll be a long time before you can afford to do it again. I did this 10 years ago and paid 6K for a 3K car. The car only lasted 5 years.
2007-03-12 06:03:33 · answer #3 · answered by Kacky 7 · 0⤊ 0⤋
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers!
2007-03-15 20:47:34 · answer #4 · answered by gabriel jones 4 · 0⤊ 0⤋
Visit http://www.cheap-credit-cards.org/loans/bad-credit-auto-loans.php for more information.
Just enter your zipcode for a list of auto loan providers in your area. As far as I know these providers will help you even if you have bad credit - be prepared however for high interest
2007-03-13 00:07:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
To the used car lot to find and buy one you can afford to pay cash for.
2007-03-12 06:34:37 · answer #6 · answered by oklatom 7 · 0⤊ 0⤋
out of somebodies back yard or maybe along side the road.
2007-03-12 06:04:51 · answer #7 · answered by heavenlli_61 5 · 0⤊ 0⤋
KIA cars
2007-03-12 15:23:14 · answer #8 · answered by Austin 1 · 0⤊ 0⤋
I would try Drivetime auto sales.
2007-03-12 06:03:41 · answer #9 · answered by whittingtontexas 3 · 0⤊ 0⤋