Wednesday, May 26, 2010

Is there anyway of me getting a car loan with no money down also have very poor credit?

okay my credit is really poor, ive been through some dealers that will offer me a car but i would need a down payment which i dont have.



Is there anyway of me getting a car loan with no money down also have very poor credit?

just be prepared to pay 13% or more interest.



My suggestion...if you can't afford it, don't drive.



Otherwise you can try getting a secured loan. Meaning if you have a CD certificate or home, you can a loan for the amount you can put up in security.



Is there anyway of me getting a car loan with no money down also have very poor credit?

Probable only through family or friends...



Is there anyway of me getting a car loan with no money down also have very poor credit?

Yes, there is but to get a decent APR it is going to be very difficult. If your credit is poor, I would recommend saving about 15-20% of the purchase price of the vehicle, then putting that as a down payment. Otherwise getting financed is going to be very difficult.



Is there anyway of me getting a car loan with no money down also have very poor credit?

probably not but there is a $550,000.00 limo service called public transportation and they have bus passes and you have no gas , repairs, insurance, and other nonsense to fool with . Fix your credit and then you can go get a Hummer but without credit , huge down payments , and high interest you will not be buying a car - period .



Is there anyway of me getting a car loan with no money down also have very poor credit?

There is always someone that's willing to lend you the money but it the long run you'll be paying much more than you should. Either wait until you can beef up your credit score or wait until you can save up for a downpayment. If you can't save up the money over a couple of months, how do you expect to make your car payments once you get the loan?

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