Bad Credit
2007-08-10 08:58:37 · 6 answers · asked by derekw1973 1 in Cars & Transportation ➔ Car Makes ➔ Subaru
Since an auto loan is a secured loan you should not have trouble getting financing if you have a steady work history. If your “bad credit” includes auto repossessions, however, then you may want to look into a finance company that specializes in bad credit. A company such as DriveTime may be just what you need.
http://file5.com/search/loans/1-1.html
http://file5.com/search/bad-credit/1-1.html
2007-08-14 07:18:38 · answer #1 · answered by Answer Man 5 · 0⤊ 0⤋
1
2016-09-27 18:55:58 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Do you mean where can I get a loan for a cheap car?
or
Do you mean where can I get a low interest auto loan with bad credit?
If you combine the two together I think you will have your answer. If you have bad credit your auto loan will be at a higher interest rate. The best way to avoid excessive finance charges is to obtain a loan on a cheap vehicle for no more than 36 months.
A short term auto loan will allow you to build up a better credit rating. In around 18 months you should be able to trade the vehicle in or refinance it at a better interest rate.
Also, if your goal is to improve your credit rating avoid "buy here pay here" or "in house financing" dealers. These loans normally do not show up on your credit report so they don't help re-establish credit.
As far as where you go to get a loan I've included a link below:
http://www.fundingway.com
2007-08-12 10:07:31 · answer #3 · answered by Auto Credit Express 3 · 0⤊ 0⤋
The terms "cheap loan" and "bad credit" never go together. Save up the amount of money that you need for the car. I know that's the hardest part. Then put that money into a C.D. at your bank. Then borrow the money back using the C.D. as your collateral, and use that money to buy the car. You'll have clear title to the car; you'll only pay about 2% over and above the interest that the C.D. is paying; so most of the interest you pay actually ends up back into your own pocket as interest earned on the C.D.; when the loan is paid off you'll still have both the car and the C.D. to build your net worth; AND you'll be rebuilding your credit.
2007-08-10 09:11:02 · answer #4 · answered by Tom K 7 · 0⤊ 0⤋
Are you in the United States and have AAA? I got my auto loan through them and my interest rate wasn't to bad. It's worth checking out anyway.
2007-08-10 09:09:50 · answer #5 · answered by pryncess_79 2 · 0⤊ 0⤋
I was on the same situation and this site helped me HTTP://HELP.CREDIT-SOLUTIONS.INFO
RE Where can i get cheap auto loans?
Bad Credit
2014-09-11 06:49:18 · answer #6 · answered by Franchot 1 · 0⤊ 0⤋
Saving your money would be the cheapest in the long haul, sorry if that's not what you wanted to hear.
2007-08-10 09:01:43 · answer #7 · answered by netthiefx 5 · 0⤊ 0⤋