Me and my fiance have been trying to get a car. We both have bad credit, mine is 537 and his is 517. He has a reposseion on his less than a year old and I have a car in good standing on mine, but we got it for my sister. We make together around $3200.00 monthly. We have a car that could be a trade in, but it is a 1986. Does anyone know where we could get special financing? I am willing to pay more because our car is about to go out. Thanks the reason for the repo is because we just got a SUV for $457 a month, no problem, then I started have complications during my pregnancy and my doc took me off work, and the loan place wouldnt work with us.
2007-03-21 09:21:37 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
Where can I find a place to take me, even with a large down payment? I am willing to put a large down payment and I DO want a car, not another SUV. I have already been thru JD Byrider, that is where my sis's car is from. And HSBC is where we got the SUV. Anymore suggestions?
2007-03-21 14:54:55 · update #1
You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-loans.html
2007-03-24 03:49:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A site at http://www.getbadcreditcarloan.info has information on how you can get a car loan with a low credit score and the do and don'ts in obtaining a bad credit auto loan.
You can also try HSBC, they do car loans with less than perfect credit or a buy here pay here lot.
2007-03-21 11:37:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
"At some point of time people do have bad credit record. If you are worried about your poor credit history then you will not get any credit. There are many lenders who provide loans to people whose credit record is bad, but at a higher interest rate. You can get bad credit loans from some lenders quickly and easily.
Before you apply for a bad credit loan, there are some points you should first take into account. The only eligibility for the bad credit loan is poor credit history. To increase your credit score, ensure that the details of your loans are sent to major credit bureaus. "
2007-03-22 02:11:08 · answer #3 · answered by stone m 2 · 0⤊ 0⤋
Bad credit Car loans loan facility is basically intended for those borrowers who require immediate funds but due to having poor credit history they are unable to grab financial assistance from the lenders. You can find loans in basically secured form as you have to place your car as a security. The loan amount that you can borrow with this loan service is depends upon of the car value and your repaying capability.Check here http://is.gd/bestcarcredit
2014-12-09 04:00:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
So you straw purchased a vehicle for your sister and your other car was repoed less than a year ago. Not good, but yes you can be approved for a loan but it will take a large down payment $2,500.00 to $3,000.00 and you will be looking at a small car not a S.U.V.. Your interest rate will most likely be the State max. and you will have to prove your income, residence, phone bill and provide references.
And do not go to a buy here pay here lot, they do not report to the credit bureaus so all of the payments you make will do nothing to improve your credit.
2007-03-21 09:30:42 · answer #5 · answered by ? 7 · 0⤊ 0⤋
ok...you need to find a buy here pay here used car lot near you. They specialize in bad credits and reposessions so you can get a good used car with a small down payment. It also depends on where you are from as to what is available. Around here there is a J.D. Byryder, Easy Credit Auto Sales, Court street motors, A1 Motors, and some more. Good hunting!
2007-03-21 09:30:19 · answer #6 · answered by globalystic1 3 · 0⤊ 0⤋
Look for the cheapest car you can find rather than an SUV that is going to cost you more in the longrun with monthly payments, gas and insurance.
2007-03-21 09:25:19 · answer #7 · answered by Gone fishin' 7 · 0⤊ 0⤋
agree get a cheaper car. Your payments alone will be bad enough.
2007-03-21 09:30:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋