Ask Experts Questions for FREE Help !
Ask
    max_dusette's Avatar
    max_dusette Posts: 7, Reputation: 2
    New Member
     
    #1

    Aug 19, 2008, 11:52 AM
    Getting an auto loan
    I have been trying to get an auto loan and I just don't know what to do or were to go to get an auto loan with bad credit. I REALLY need help and fast. PLEASE. Thank you.
    Diane Carol's Avatar
    Diane Carol Posts: 76, Reputation: 4
    Junior Member
     
    #2

    Aug 19, 2008, 03:53 PM
    If you've got bad credit your only alternative is to deal with the auto dealership.
    They want to sell you a car... and will charge you far more interest than you should ever even think to accept... but it sounds like you will.

    Got a credit card? There's a ready source of cash. Mind you, you begin to pay interest the moment you take the cash. But it's there, available 24/7/365.

    Got any savings... any investment in anything that can be turned into cash.
    You've got something to suggest to a bank that you have collateral. Own a home, you can get usually prime rate plus very little above that if you give over your house as collateral.
    Insurance? The kind that you can get cash advance on?

    If you are serious in wanting to keep your head above water and get back a credit rating, then take public transit and forget buying a car which will put you deeper in debt and make your life miserable.
    max_dusette's Avatar
    max_dusette Posts: 7, Reputation: 2
    New Member
     
    #3

    Aug 19, 2008, 04:11 PM
    Thank you very much.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Aug 19, 2008, 04:14 PM
    Yes, almost every town has a "buy here , pay here" lot, there are dozens within a few miles of me. All you need is a down payment and a job.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Auto loan [ 2 Answers ]

Can anyone tell me hot to secure a car laon while on disabilty with no other income

Auto loan [ 1 Answers ]

My boyfriend had co-signed on the loan with his cousin, about six months ago. Right after he got the car he was in an accident and the other car had no insurance, and his cousin did not have real good insurance. He had his car at an autoshop and told them not to work on it until he was sure the...

Auto reposession/Default on Auto Loan [ 3 Answers ]

To whom could lend some immediate advice, I purchased a 2005 brand new vehicle in 2005. This automobile has been repossessed as of 5/07. In addition, I filed bankruptcy (Chapter 13) in 2006 to avoid this very problem, however that has been dismissed for lack of payments. My current...

Auto Loan [ 2 Answers ]

I just bougth a minivan Grand Caravan 2 months ago it turn out to be a lemon. It's there a way to return it or get rid of the loan?


View more questions Search