Because I had to move to another country family issues. I need a car when I get back? What are the best options?
2007-07-08 03:08:56 · 5 answers · asked by kdmstudio 1 in Cars & Transportation ➔ Other - Cars & Transportation
save your money and pay cash.
2007-07-08 03:16:06 · answer #1 · answered by doug h 5 · 1⤊ 0⤋
Okay. The biggest problem with having a repo on your record is that it stays on your credit report for seven years. Make sure that you pay all of your bills including utilitiies, credit, and cell phone bills on time so it doesn't lower your credit score even further. You may find it next to impossible to find a bank that will give you a loan for your car being that you have the repo, so save up money either all out for a car or enough for a down payment, then find a car company that has a good track record that promises credit to anyone. My brother recently bought a car from Carsmart, they have an excellent track record on the maintenance of their vehicles. Or, if you save enough to buy a car outright, check newspapers. You can usually find great buys in them. Always Always Always make sure you get the car facts report. If you buy it from a dealership, by law they have to provide it, if you buy it from a private buyer, go online and pay the 20 dollars to get it. Believe me it is definitely worth it. Hope this helps.
2007-07-08 03:19:38 · answer #2 · answered by Jasmine B 1 · 0⤊ 0⤋
High interest and large down payment buy a $12,000 piece of crud and have the used car shark put you into a 21% interest car loan 4 years and pay double. If you can even finance at all. Repo is like admitting you won't pay. It was that bad you had to escape to another country..
2007-07-08 03:14:54 · answer #3 · answered by John Paul 7 · 0⤊ 0⤋
To pay off the car loan ,for now you will have been black listed and will not be able to get credit at all .
2007-07-08 03:15:29 · answer #4 · answered by Mick 4 · 0⤊ 1⤋
Buy one with cash?
2007-07-08 03:25:21 · answer #5 · answered by stargehzer 1 · 1⤊ 0⤋