2007-05-10 03:43:35 · 5 answers · asked by MsGemini 1 in Cars & Transportation ➔ Buying & Selling
This would be a good time to buy a car as 2008 models would be coming around shortly and the auto dealers are eager to sell-they will still hit you any way they can.
You can get a loan but with higher interest rates. Start with a low cost of the car, then the credit score for the interest rates, then they will try to stick you with the auto alarm, extended warranties, and all that hunk, they all get added into your interests and end up making your total payment higher.
You can get a decent alarm for about 100 to 200 bucks, don't get the dealer alarm at $795 plus interest. They all mean more commition. Don't forget that your the customer and the caller of the shots. Have fun
2007-05-10 04:22:16 · answer #1 · answered by sir_kenny1 3 · 0⤊ 0⤋
yes it is possible, but be advised that you will have to pay enormous interest rates. 25% or higher is possible, and I have heard of rates as high as 38%.
Is there any way you can pay cash for a cheaper car, instead?
You would be way ahead, if you can avoid the high interest rates, until you can get your credit score up. good luck.
2007-05-10 10:51:24 · answer #2 · answered by Fordman 7 · 0⤊ 0⤋
You should look for subprime car loans. Results from a search below. Also, Buy Here Pay Here Car Lots focus on those who do not have perfect credit.
www.HSBCAutoLoans.com
www.ReliableCarLoan.com
www.centurycarloan.com
2007-05-10 11:14:08 · answer #3 · answered by Ansrgeek 7 · 0⤊ 2⤋
as long you make all your payments on time for the past 3 months you still elegible to apply.
Good luck!
2007-05-10 10:47:15 · answer #4 · answered by carbontech78 3 · 0⤊ 0⤋
Dont listen to that clown INFORMATICA. He's a carfax spy and doesnt know what the hell he's talking about.
2007-05-10 13:55:05 · answer #5 · answered by #1 Monkey Minion 3 · 0⤊ 2⤋