Bad Credit Looking for New Car Loan is this Possible?

Question

I live in Boston, MA. I was wondering do anyone know any credit card company that will offer me a line of credit for a car loan. I need about 19,000/k. Which I will pay of in 48months.
If there is a way to do this. I have bad credit and will think having a car loan will be a great way for me to rebuild my credit.

Answer 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

Answer 2

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen towardyou can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender

Answer 3

Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. Don't worry about Bad Credit and No Co-signer needed. No Upfront.

http://lnk.in/56f2

Answer 4

Apply with E-loan or Ecarlenders.com. They both have bad credit new car financing.

Answer 5

It depends on how bad your credit is. But often, the dealer can get you financed even if you might have a hard time finding a loan on your own. If they can't, then find a cheaper car to buy.

Answer 6

Usually, car financing companies gather the credit information of a customer and decide on the type of financing needed. The company sends this information directly to an authorized dealer. A customer is pre-qualified for the loan, based on the final authorization of the dealer. If the customer fails to get the finance, the finance company offers recommendations on how to improve the credit ratings.
http://debt-trap.com/category/Bad-Credit-Car-Financing.html

Answer 7

People-to-People Lending. It's an old idea that's new again.

People who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy.

Until now, financial institutions have controlled who is able to obtain credit and the rates people pay, over time, this one-sided control has bred inefficiencies and excessive margins – leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.

Prosper gives people the opportunity to take back the marketplace for consumer credit, Prosper aims to make consumer lending more financially and socially rewarding for everyone by letting the borrowers set the maximum rate they are willing to pay a lender, which prevents the loan from being funded at a rate higher than the borrower wants to pay.

http://www.prosper.com/join/GlobalFundingSource

Answer 8

Interesting.

Others think you are a bad credit risk. And you want to find a sucker to lend you $19,000 for a NEW CAR before you repair this bad credit.

Sounds like caviar dreams with tuna fish credit to me.

My suggestion for you is

1) dream high
2) start low with a cheap, reliable used car
3) and work you way up the credit food chain

We normal folks call this evolution.

When you violate the natural order of things, people will naturally violate you.

Your question smacks of fantasy, while my answer smacks of reason.

Good luck!

Answer 9

If you are serious about rebuilding your credit you should check out the solutions at http://www.your-credit-solution.com/creditsolutions.htm . They offer several solutions to increase your credit score. Then you will be able to buy any vehicle you want.