My credit is PISS POOR but I'm sure they're are people with worse credit than me with really nice cars. I need to get a car financed for about 31k. I know traditional loan companies would laugh at me. I know not to expect a stellar rate but for the car I want, this is a steal for 31k.....Any suggestions?
2007-10-09 03:12:20 · 4 answers · asked by trishay81 1 in Business & Finance ➔ Credit
EEEHHH, I really didn't think that 31k was too much for a car. Perhaps, I'm a bit clouded but it's a mid priced car, no?? In any case, the thrill is gone....I actually just had my engine on my car go to crap and so I'm in the market for a new car. Now my new question is which one option makes better money sense-repair my car at aprox $ 1,800 or spend about the same and get what will probably be a spent up way used car? That's about all I have in cash to spare right now. Keep in mind the car I have now is a 93 Lexus SC300-thanks for all the advice guys*
2007-10-09 03:42:10 · update #1
$31,000 dollars for a car is too much car. You may want it but you do not need it. I think your question may give some insight into how you got piss poor credit.
Buy a cheaper car. Use all the money you won't be spending on the 31k car and use it to pay your bills and rebuild your credit.
2007-10-09 03:31:16 · answer #1 · answered by JB 6 · 0⤊ 0⤋
Look around for a place that will take your car for a trade-in, or give it to charity and get what you can. Some places will actually give you something and a charitable donation as well.
Go to a credit union and see what they can do for you for the cost of the car that you are looking for. They will finance a car up to 6 years old.
I have a 98 Volvo that runs like a dream, and it has over 100,000 miles on the engine. It looks like a 2 year old car.
I personally would give up on the chase on the car you have. Not worth it.
2007-10-16 10:23:27 · answer #2 · answered by Steveo 5 · 0⤊ 0⤋
Stop being so materialistic. This is how people go broke. Buy a cheaper car, build your credit with it, then buy your 31k car.
2007-10-09 03:16:48 · answer #3 · answered by Toot 3 · 0⤊ 0⤋
try welcome finance - that's about as good as it gets, I doubt you will get it for that amount of money, and you will probably end up paying back nearly double.
2007-10-09 03:16:36 · answer #4 · answered by Gem Gem 5 · 0⤊ 0⤋