I don't have credit, at least not much. Any other advice on how to get a good car is appreciated. Someone told me places like Instant Auto Finance sell junk cars to make their money?? Anyways, any info is appreciated!!
2007-08-15 00:52:08 · 6 answers · asked by ahal1305 2 in Cars & Transportation ➔ Buying & Selling
Its a real bad idea, the odds are not with you , the interest rate will outlast the car and you will still be paying when the car is scrap.
Try and pay cash even if is only $1000. The Internet or Auto trader is not the places to look for vehicles in this price range.
Shop you local community newspaper along with supermarket billboards you may just get lucky someone just having posted a vehicle in excellent condition that's no longer needed.
Having bad credit or no credit is the same thing " high interest rates " if you want to establish credit read this link on my website http://www.usedcartips.org/CREDI.html
2007-08-15 03:02:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Try to buy one as cheap as possible for cash. Buying anything on credtit, except for a house stinks.
This is the reason that the price of cars has skyrocketed - people using credit and I think that a lot of people are buying new cars than what they should be driving.
If you can make a great deal on an older car and buy it for less than it's worth, you'll have an immediate equity gain (so to speak) and it won't depreiciate much, or very quickly.
See if you can get into an auction and buy a car there, or look through the newspapers for private sellers. See if you can pay under $1500, down to $500. Don't ever think in terms of using this much money for a "downpayment," and if someone even mentions a "downpayment," say goodbye and walk away from him.
You might even try to buy (drive for a while) and sell a few cars for a profit, instead of being roped into some dumb monthly payment.
2007-08-15 07:55:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Be very careful Loans with 21% interest on a 12,000 car over 4 years means you will pay 24,000 for that Used Car if it even lasts that long. Start saving up and try for a new entry level car Honda Fit Toyota Yarus Nissan Versa or Chevy/Suzuki Aveio or Kia Hyundai...Talk to credit unions Banks you can get 6 years to pay off a new car that no one else has messed up. Secondary Auto Finance! Special financing! all means more money for less car.
2007-08-15 08:00:21 · answer #3 · answered by John Paul 7 · 0⤊ 0⤋
Make sure it is legit. I just read an article about scamming with auto sales. Look in the paper or cars.com and search for the car you want. Sort by price, mileage, etc.
2007-08-15 08:00:17 · answer #4 · answered by Doz 5 · 0⤊ 0⤋
these kind of places just rip you off
2007-08-15 07:54:35 · answer #5 · answered by bungee 6 · 1⤊ 0⤋
no i think is not good and Ur's reason
2007-08-15 07:56:41 · answer #6 · answered by sabie abasi 1 · 0⤊ 0⤋