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Sunday, March 14, 2010

Does anyone know where I can get a auto loan with bad credit?

Does anyone know where I can get approved for a auto loan with a bank that will approve people with credit in the low 500's to the high 400's. My dad is willing to cosign as well. Any help would be great. Thanks

Does anyone know where I can get a auto loan with bad credit?
There are a huge number of banks that deal with auto loans for people with challenge credit. The two best choices are:


1. Go to a very large dealership that advertises that they help people with credit problems. A large dealership will normally have more banks they work with, more talented leading specialist on staff, and stronger relationships with the banks. (There are exceptions to this rule of thumb.)


2. Put down a large down payment. The more money you put down, the more likely the bank is to give you the loan.





Also, note two additional things:


1. Depending on current rebate offers, a new car may be easier to finance with a lower payment and lower down payment for you.


2. Some credit unions are wonderful for people with credit issues.





My advice is to find a dealer you feel comfortable doing business with. Believe it or not, there are honest auto dealers and honest car salespeople. Try to find one you instinctively feel good about. Generally, you will get the best deal from a "good person".


For car loan quote





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http://www.loansandinsurances.com/
Reply:If your father has good credit, you may do best by applying at local credit unions. They generally are pretty flexible if your co-signer has good credit and have good interest rates.





You could also go through Citifinancial if you are looking to buy from an individual.





Most large dealerships have several lenders they go through, but the rates will most likely be higher than the other two options.
Reply:I would check this http://nbjmp.com/click/?s=31492%26amp;c=70652 out you just have to enter your zip code and they basically ll your approved my bro used them and got a pretty good reate as well


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