I have all my credit cards cleared up, paying student loan for many months now, i own no credit cards, i am basically rebuilding credit ?
What is the best financing company i can get approved for a devent interest rate car loan, i live in Canada, Ontario ?
What's the best financing company i can use ?
oe be accepted for the lowest financing %?
2007-03-15 10:58:16 · 11 answers · asked by blah 1 in Business & Finance ➔ Credit
That's crazy!!! I'd suggest going for a cheaper USED car and paying at least 25% up-front.
2007-03-15 11:14:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
27% on a car loan? That's awful. Do you realize what that car will have cost you by the time you pay it off? If that's a 3 year loan, you'll have paid an extra $7000 for that car.
I'm in the U.S. so I don't have an answer for you but I wouldn't take the dealer financing. That is robbery.
2007-03-15 11:17:25 · answer #2 · answered by Faye H 6 · 1⤊ 0⤋
Do NOT finance a car! Credit has NOT been a blessing in your life for crying out loud! Buy a cheap, used car that is ugly, but mechanically sound. Then get about rebuilding your financial LIFE, NOT your stupid credit rating!
Btw, I drive a 1993 Toyota Camry I bought for $1700 from some idiot who bought a brand new one b/c he didn't like the faded paint on the one I drive! It has all the amenities & someone ELSE took the ************ on the depreciation!
2007-03-15 11:03:16 · answer #3 · answered by Tom's Mom 4 · 3⤊ 0⤋
communicate with the finance organisation first - to the govt of the loans branch. clarify your undertaking. a million. You owe them $7,seven hundred.00 (plus activity) it fairly is definitely beside the point what the vehicle is nicely worth. it somewhat is the money you borrowed, it somewhat is the money they choose back. 2. it fairly is definitely beside the point which you do no longer choose the vehicle not extra. you nevertheless owe the finance organisation $7,seven hundred.00(plus activity) it is the place speaking head to head with the govt in an incredible way is going to be mandatory to paintings out a distinctive financial fee shape(at a decrease fee) so which you would be able to make the money. only right you're taking an account of each and all the charges you need to pay a month as evidence, and an accounting of nutrients and different costs. you nevertheless will ought to pay off the interior maximum loan...there is not any getting around that. It grow to be stated so interior the contract you signed. you would be able to make some own cuts, decrease your guy or woman hair, force much less(so which you pick gas much less), decrease the backyard your self, do your guy or woman kin upkeep, drink much less(like 0), eat non kind call meals, purchase in bulk, get stuff from 2d hand shop(given which you actual need it and would't borrow it from a neighbor) eat much less steak. extra soup. Get veges from vegetable stands rather of prepackaged preheated waiting to eat meals. The nickels and dimes upload up. address any activity. in case you end paying on the interior maximum loan - they take the vehicle away and the boat and the abode and garnishee your earnings and the rest you own till they are able to get their money(they're going to resell all this at public sale). the finance organisation continuously gets their money back. no longer a place you opt to get to.
2016-09-30 23:43:40 · answer #4 · answered by zeitz 4 · 0⤊ 0⤋
It makes no difference which ones have the best rates, what it comes down to is which one will approve you. And by the way 27% is not all that bad. When I first got into Special Finance I worked in Iowa and the State max. there was over 30%.
2007-03-15 11:02:00 · answer #5 · answered by ? 7 · 0⤊ 2⤋
Even if you can afford the car, the only one that can afford that loan is the person lending the money. Put the payments in a jar for six months and you can pay CASH for something you can actually afford.
2007-03-15 12:37:15 · answer #6 · answered by STEVEN F 7 · 0⤊ 0⤋
Go through your bank first then places like Wells Fargo or City Financial, Stay away from in home crediting company's with dealers.
2007-03-15 11:03:12 · answer #7 · answered by digital tech 2 · 0⤊ 1⤋
Check your bank and see if they will loan you the money. If not see if they can recommend soemone else. The car dealer is ripping you off.
2007-03-15 11:20:55 · answer #8 · answered by Gone fishin' 7 · 0⤊ 0⤋
Go to http://www.getbadcreditcarloan.info , they have free advice on the do's and don'ts on bad credit auto financing.
2007-03-15 11:08:23 · answer #9 · answered by Anonymous · 0⤊ 1⤋
You need to walk away from that dealership. No. RUN. Try somewhere else. Don't get so focused on that car that you get yourself in a financial crack you can't get out of.
2007-03-15 11:01:49 · answer #10 · answered by Steve H 5 · 3⤊ 0⤋