I want to trade-in my car for a new one. My car is worth about 4k
but I still owe about 8k on it. I want to purchase a vehicle that is worth about 22k. I need a loan for about 5k so I won't be upside down. Does anyone know of a place that actually approves bad credit?
Thanks
2007-05-24 16:31:08 · 5 answers · asked by Nikki22 1 in Cars & Transportation ➔ Buying & Selling
There are plenty of places that offer quick loans for people with bad credit with no-hassle applications and easy requirements.
Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.
http://www.axalda.info/bad-credit-loans.html
2007-05-25 09:36:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1
2016-09-27 23:01:30 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I would wait to tell you the truth. If you have bad credit, you probably don't have tooooo much expendable income here. You are already in a bad debt situation with this first car. You are looking at taking on even more debt. This is going to overextend you and hurt your credit even more. I would focus on staying current with your existing loan. Wait until you are not upside down and then think about a new car.
2007-05-25 02:25:32 · answer #3 · answered by Jay P 7 · 0⤊ 0⤋
You need more than 5k to make it work. Most dealerships have financing for people with bad credit, you will pay high interest rates for this service. You may not be able to get a new car, and will have to settle for a used one.
2007-05-24 18:35:04 · answer #4 · answered by fisherwoman 6 · 0⤊ 0⤋
most dealership have second chance financing. you will need money down and the loan will Carry a high interest rate.
2007-05-24 16:45:04 · answer #5 · answered by ? 3 · 0⤊ 0⤋