I am afraid of the high percentage rates I may face if I have no options than the one or two dealers that may finance me, but on the other hand, I need a car! Help!
2007-03-12 10:47:35 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Sounds to me like you already know what your options are. You either will have a high interest rate or pay alot of money down. You can look into financing help from a credit union also. If you don't belong to one, you'll probrably have to join first. You can also check online with e-loan or lending tree because the lenders compete for your business even if your credit is not considered good.
2007-03-12 11:01:07 · answer #1 · answered by bojul4 1 · 0⤊ 0⤋
1
2016-09-26 15:27:29 · answer #2 · answered by Kelli 3 · 0⤊ 0⤋
I went to lendingtree.com
i actually got a financing rate (with horrible credit) for 13.8% which i didn't think was real bad for a used car.
carmax also found a lender for me with 18.9% financing.
your best bet would be lending tree. apply then wait a few days. you'll probably get a lot of "no's" at first (i did) then i ended up getting a check in the mail for 12000 and my 13.8 interest rate. i ran so fast to carmax to get my new car!
2007-03-12 11:33:26 · answer #3 · answered by Coltsgal 5 · 0⤊ 0⤋
Find a well maintained used car that you can buy for cash.
2007-03-12 10:52:34 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋